Rare B10 coin sells for B2.5m in first online auction
Thailand's first electronic rare coin auction on Monday featured a 10-baht circulation coin from 1990 that went under the hammer for 2.5 million baht.
On Monday, Thailand's first electronic rare coin auction took place, featuring a 10-baht circulation coin from 1990 that sold for a record 2.5 million baht. This was the first online auction held by the Treasury Coin Market, launched by the Treasury Department on August 13. The auction lasted just 10 minutes and 39 seconds and received 52 bids.
The coin in question was one of only 100 special 10-baht bimetallic circulating coins produced by the Royal Thai Mint for the 16th Mint Directors Conference in the UK. These commemorative coins were never intended for general circulation and are now highly sought after by collectors. The coin was graded MS-66, indicating it was nearly flawless.
Bidders had to register and make a security deposit, with the Treasury expecting the coin to fetch between 1-2 million baht. The winning bidder was Nattakorn Akkaramanee, a coin collecting expert and chairman of The Coin market in Nakhon Nayok province. The Treasury plans to hold monthly online auctions, with the next one scheduled for the 17th of each month, featuring additional notable collectibles.
Written by urgent.news from Bangkok Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
