One of the distinct features of Thailand coins such as Thai pig-mouth money, bracelet money, bar money, antique beads, seed, pebbles and bullet coins which drag attentions of collectors from worldwide for its unique coinage. One can find India’s gods and goddess imprint on old coins of Thailand.
Thailand coins can be traced prior to 1st century. Antique Thailand coins can be categorised into metallic coins of the Funan Kingdom, followed by Dvaravati coins from 7th to 11th centuries, further antiques Thailand coins were Dok Jan or Sandalwood flower coins, silver and copper made boat size coins and Pot Duang or bullet coins of Sri Vijaya Kingdom [8th – 13th centuries], Lanchang kingdom [15th – 19th centuries] and Sukhothai kingdom respectively.
Bullet coins were in circulation until 1904 almost for 600 years. Due to expansion of foreign trade and diplomatic relations, King Rama IV of Medieval Thailand - Rattanakosin Period played crucial role in minting coins and bank notes officially. So, a minting machine was purchased from Britain and implanted Royal mint in Grand Palace in 1858. Hereafter, King Rama IV, denominated coins such as Thai satang, tho, phi, padueng and bhat coins.
Currently, streamlined denomination are 25, 50 Thailand satang coins, 1, 2, 5, 10 baht coins and 20, 50, 100, 500, 1,000 baht notes.