Bangkok: The auction price of a 10-baht coin from 1990 exceeded 2.5 million baht. The Treasury Department held the world's first online auction of a 10-baht coin from 1990. After more than 50 bids, the coin was auctioned off for 2.54 million baht.
According to Thai News Agency, Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, revealed that the Treasury Department, Ministry of Finance, has launched the 'Treasury Coin Market,' the world's first international digital coin auction market. The initiative aims to transform historical heritage into economic value, enhancing the worth and sustainability of national assets.
Today, the Treasury Department auctioned off a legendary 10-baht coin from 1990, a limited edition of only 100 pieces. The starting bid was 300,000 baht. 130 people registered to bid, but only 23 placed deposits, leaving 23 eligible bidders. The Treasury Department aimed for 2 million baht, but the auction was fiercely competitive, culminating in a historic digital auction price of 2.54 million baht after 52 bids.