The Treasury Department was packed with enthusiastic coin collectors this morning (Thursday) when hundreds of them showed up to make bookings for commemorative coins to celebrate His Majesty the King’s 70th anniversary of accession to the throne and to honour Thai elephants.
It was reported that several collectors were disappointed when they learned that only 100 King’s 70th anniversary coins were available for sale today and all of them had been booked.
Mr Chakkrit Parapanthakul, director-general of Treasury Department, said that the 16,000 baht gold coins which were being produced would be distributed to various distributing centres for sale at 30,000 baht each. Each distributing centre is allocated only 50 coins daily.
He said that only 5,000 gold coins would be produced but if there is more demand from the public, another 5,000 coins would be produced.
A total of 50,000 coins of the 800-baht denomination will be produced and will be available on sale at 1,600 baht each. As for the 50-baht white metallic coins, a total of two million coins will be minted and they can be bought at 50 baht each.
Regarding the Thai elephant coins, there will be three denominations: 4,000 baht gold coins at 75,000 bath each with only 1,000 coins to be produced; 2,000 baht gold coins at 23,000 baht each with only 2,000 coins to be produced and 200-baht silver coins at 3,200 baht each with 5,000 coins to be produced.
