Lucky Bangkok man cashes in old one-baht coin for THB140,000

A man from Bangkok became the second lucky Thai to find an extremely rare one-baht coin that collectors are chasing after.

Panun Jewelry, a rare coin shop in Rayong, recently drove the internet wild by announcing on Facebook that they are willing to pay THB140,000 in cash to anyone who possess the rare B.E. 2505 one-baht coin. The shop yesterday posted the good news that they just traveled to Bangkok to buy the second rare coin from a man.

The lucky dude, whose name was not mentioned, said that he found the coin in some old shelves that he was about to throw away.

This particular one-baht coin was produced as an example lot in 1962. There are about 100 coins like this in existence. They are unique because the crown on one side of the coin points directly at the Yor Yak alphabet above it.

After the first lot, about 800 milion coins of the same model were produced, but the text above the crown shifted, so the crown points at the blank space between two letters, and sorry, no one collects that one.

Panun Jewelry was the same shop that also got people to smash their piggy bank two years ago after they offered to pay THB100,000 for a rare ten-baht coin.


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