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- Spot Silver Price: $30.24
Silver coins were in regular circulation in Thailand. The values below represent the intrinsic value of silver coins from Thailand.
Thailand silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from Thailand.
The melt values are calculated and displayed in USD based on the today's silver spot price of $30.24 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 5 Satang | 1941 | .650 | 1.5 | 0.98 | .0313 | $0.95 |
| 10 Satang | 1941 | .650 | 2.5 | 1.63 | .0522 | $1.58 |
| 20 Satang | 1942 | .650 | 3 | 1.95 | .0627 | $1.90 |
| 1 Salung | 1915 | .800 | 3.75 | 3.00 | .0965 | $2.92 |
| 1 Salung | 1917- 1925 | .650 | 3.75 | 2.44 | .0784 | $2.37 |
| 1 Salung | 1919 | .500 | 3.7 | 1.85 | .0595 | $1.80 |
| 25 Satang | 1929 | .650 | 3.75 | 2.44 | .0784 | $2.37 |
| 1 Salung | 1915 | .800 | 7.5 | 6.00 | .1929 | $5.83 |
| 1 Salung | 1919- 1921 | .650 | 7.5 | 4.88 | .1567 | $4.74 |
| 1 Salung | 1919 | .500 | 7.5 | 3.75 | .1206 | $3.65 |
| 25 Satang | 1929 | .650 | 7.5 | 4.88 | .1567 | $4.74 |
| 1 Baht | 1908 | .900 | 16 | 14.40 | .463 | $14.00 |
| 1 Baht | 1913- 1918 | .900 | 15 | 13.50 | .434 | $13.12 |
| 20 Baht | 1963 | .750 | 20 | 15.00 | .4823 | $14.58 |
The history of silver coins in Thailand is rich and dates back centuries, reflecting the country's evolving economic and political landscape.
Early forms of currency in the region included metal ingots, rings, and beads.
The Dvaravati kingdom (6th to 11th centuries) used various forms of silver and bronze coinage, although these were often not standardized.
The Sukhothai Kingdom saw the introduction of "Pod Duang" (also known as bullet coins), which were small, bullet-shaped lumps of silver.
These coins were used extensively and became a significant part of the Thai monetary system for centuries.
The value of these coins was often determined by their weight.
The Ayutthaya Kingdom continued to use Pod Duang, and the coins became more refined over time. - These coins often featured marks or stamps indicating their authenticity and value.
The Thonburi Kingdom (1767-1782) and the early Rattanakosin period (from 1782) saw continued use and adaptation of Pod Duang.
The coins began to feature more intricate designs, including symbols and inscriptions representing the ruling dynasty.
King Mongkut (Rama IV, 1851-1868) and King Chulalongkorn (Rama V, 1868-1910) initiated significant reforms to modernize the Thai economy.
During King Chulalongkorn's reign, the minting of standardized silver coins began, influenced by Western practices.
The first machine-minted silver coins were introduced, featuring the king's portrait and inscriptions in Thai script.
The baht system was formally adopted, with silver coins being a fundamental part of the currency.
Silver coins of various denominations, such as 1 baht, 1/2 baht, and smaller fractions, were minted.
Over time, the use of silver in coins diminished as the country shifted towards the use of base metals and paper currency. - The last silver coins intended for general circulation were gradually phased out in the mid-20th century.
Thailand continues to issue silver coins to commemorate significant events, anniversaries, and royal ceremonies.
These coins are collectible items and are produced with high artistic and numismatic value.