2 Baht (sold for $29875.0)

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1864,
THAILAND. 2 Baht, ND (1864). PCGS Genuine--Mount Removed, AU Details Secure Holder.

VERY RARE 2 Baht in Gold

Fr-18; Y-12a; LeMay-pl. 21#7; K&M-pl. F15; Ronachai-Vasilijs-pg. 155, F15. EXTREMELY RARE gold striking of the 2 Baht. Page 86 of LeMay states "gold is only coined for the King, who on great State occasions, such as cremation ceremonies, coronations, etc., distributes gold coins together with silver coins of 4 and 2 Ticals (Bahts). The former are therefore rare and highly prized by the people. In other respects the gold coin does not differ from that of silver and copper; it bears the same stamp and is named after its weight. The value of coined gold is fixed at sixteen times its weight of silver." Essentially the gold striking of the 2 Baht held a face value of 32 Baht. These were special presentation pieces struck specifically for the King and given as gifts to the social elite. As is the case with prestigious high value coinage issues, this particular piece was previously mounted, and most likely attached and displayed as a pendant. This would immediately alert observers to the notion that the bearer was in the good graces of the monarch. This example is still quite attractive despite the previous evidence of mounting.

PCGS#: 830061

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