Treasury Dept challenges claim only 100 Bt10 coins minted in 1990

SUNDAY, AUGUST 10, 2014
Treasury Dept challenges claim only 100 Bt10 coins minted in 1990

The Treasury Department has denied a claim that just 100 Bt10 coins were minted in 1990.

The department’s director general, Naris Chaiyasoot, spoke yesterday shortly after there was a Bt100,000 offer for a Bt10 coin minted in 1990 – a move that attracted much media attention. 
The offer came from Punnapat Sririrueangwanich, a trader of rare coins and bank-notes.
“I’ve known that just 100 coins of Bt10 were minted in 1990 for an exhibition at a Canadian mint. Most of the coins were also handed out as gifts and just 30 returned to Thailand,” the 27-year-old said.
But Naris insisted that Thailand bought 50 million Bt10 coins from a US-based firm in 1990.  He said the department would investigate to determine if the coins were used in an exhibition that year. 
“After the long weekend, I will ask relevant officials to check,” he said.
According to the department’s deputy director general Werawut Sripaoraya, only commemorative coins are produced in a small number.