World of Coins

Modern Asian coins, pseudo coins and trade tokens => Other South-East Asia => Topic started by: eurocoin on October 13, 2016, 11:20:47 AM

Title: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on October 13, 2016, 11:20:47 AM
A few hours ago the longest reigning monarch, King Bhumibol Adulyadej of Thailand (also known as Rama IX), passed away. Because of this Thailand will next year introduce a new series of circulating coins featuring a portrait of new King Maha Vajiralongkorn. The passing of the king will be officially announced on local television later today.

Source: Andrew MacGregor Marshall
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on October 16, 2016, 04:05:36 PM
Earlier today Prime Minister Prayut Chan-o-cha of Thailand announced on television that crown prince Maha Vajiralongkorn wishes to be crowned as king in at least 1 year from now. Until that time 96-year-old Prem Tinsulanonda will be regent of Thailand. It is unknown if next year circulating coins with a portrait of Prem Tinsulanonda will be issued.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on October 17, 2016, 12:28:28 AM
If we look for precedence in the region then, in Nepal when King Birendra was assassinated and crown prince, Deependra was declared the King. He too died with in few days and Gyanendra ( Birendra's brother ) was declared the King. He ascended the throne but did not have coronation. The new coins were issued in Gyanendra's name. Even commemorative coin of his ascension to the throne were issued. He was removed/ left before his coronation could take place.

There is no reason as to not issue the coins in the name of the new King.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Enlil on October 17, 2016, 06:49:49 AM
There is no reason as to not issue the coins in the name of the new King.

Yes there is, it is called politics and demand, Rama 9 didn't issue coins until 4 years after he became King in 1946, and Rama 8 became king in 1935 and died in 1946, and 1939-1946 is when most of his common low denomination coins were minted.
Title: Thailand: Portrait of new king on circulating coins
Post by: Bimat on October 18, 2016, 07:32:33 AM
Special coins for cremation ceremony

18 Oct 2016 at 10:01
WRITER: TERRY FREDRICKSON
ORIGINAL SOURCE/WRITER: WICHIT CHANTANUSORNSIRI

The Treasury Department plans to mint commemorative coins to mark the cremation ceremony for His Majesty King Bhumibol Adulyadej.

Chakkrit Parapuntakul, director-general of the department, said it could take some months to produce the coins, which also need royal approval.

The government has not announced the cremation date yet, but has indicated it will be held after the one-year mourning period.

The commemorative coins will have an illustration of the royal crematorium designed by the Fine Arts Department on their backs, he said.

There will be four types of coins – 99%-pure gold, silver, and both small and large-sized bronze.

The number of coins produced will depend on advance orders, and the lowest price for a coin will be set at 100 baht, Mr Chakkrit said.

Ordinary coins with an illustration of King Rama IX will still circulate in the system, and are likely to last between seven and nine years, he noted.

The department also aims to produce 200,000 more cupronickel coins which commemorate the 70th anniversary of His Majesty's reign following high demand for the coins.

About 2.8 million cupronickel coins, a mixture of copper and nickel, to mark the event have been sold.

Additionally, 10,000 gold coins and 50,000 silver coins made for the same occasion were also sold out, though these kinds of coins will no longer be produced.

Mr Chakkrit said the department still has 24 types of commemorative coins, totalling three to four million, linked to the late King.

Source: Bangkok Post (http://www.bangkokpost.com/learning/advanced/1113224/special-coins-for-cremation-ceremony)
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on October 19, 2016, 09:40:49 AM
According to the latest
"BANGKOK: Thailand's junta sought on Tuesday to reassure the country that the death of King Bhumibol Adulyadej last week would not upend plans for a return to democratic rule, which include a general election in late 2017.

Prime Minister Prayuth Chan-ocha also moved to quash uncertainty around the royal succession, saying that a new monarch could ascend to the throne after 15 days of mourning.

Doubts arose after the head of the advisory Privy Council was asked to stand in as regent until Crown Prince Vajiralongkorn becomes king. The prime minister said last week that the prince's coronation would take place after the cremation of his father, which will follow a year of mourning.

However, the prince can become king before his official coronation, and Prayuth's comments appeared to be aimed at cooling speculation that the throne might be empty for a protracted period.

King Bhumibol was seen as a stabilising figure in a country often racked by political turmoil.

"On the matter of succession, in accordance with the constitution, citizens in Thailand and abroad should not be worried or concerned," Prayuth told reporters after Tuesday's cabinet meeting.

"After at least 15 days of mourning, it will be the appropriate time to enact section 23 of the constitution," he added, referring to clauses relating to the succession."

Source :http://www.channelnewsasia.com/news/asiapacific/thailand-must-observe-at-least-15-days-mourning-before-royal-su/3215084.html

Thus ascension is due soon and urgent items will not wait for coronation
Title: Thailand: Portrait of new king on circulating coins
Post by: Bimat on October 22, 2016, 03:28:17 PM
BoT: Current banknotes to remain in use

19 Oct 2016 | 18:27 |

BANGKOK, 19 October 2016 (NNT) – The Bank of Thailand (BoT) has given assurances that the current banknotes will continue to be used despite the passing of His Majesty the King.

In response to public concerns that banknotes currently in their possession would soon become obsolete after the King’s passing, BoT Governor Veerathai Santiprabhob urged the people not to worry as the notes will be kept in circulation indefinitely. He stressed that, even when a new set of banknotes is issued in the future, the existing ones carrying images of His Majesty King Bhumibol Adulyadej will still be usable.

According to the BoT Governor, the new notes will require royal permission from the new King prior to their production and distribution. When the time comes, he said the central bank will notify the people well in advance.

Source: NNT (http://thainews.prd.go.th/website_en/news/news_detail/WNECO5910190010009)
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on November 28, 2016, 05:02:38 PM
Crown prince Maha Vajiralongkorn will ascend the throne this Friday (December 2).
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on June 19, 2017, 01:00:32 PM
The standard circulating 2017-dated 1 Baht coin of Thailand has now been issued for circulation. It still depicts the former king Bhumibol Adulyadej who passed away on October 13, 2016. Because of the very large amount of coins that Thailand issues into circulation each year it is possible that these 2017-dated coins were already minted last year. So far no coinage portrait of the new king Maha Vajiralongkorn has been unveiled.
Title: Thailand: Portrait of new king on circulating coins
Post by: Bimat on August 21, 2017, 04:45:10 PM
King Rama IX funeral coins unveiled

PUBLISHED ON MON, AUG 21, 2017 12:32 PM

By The Nation

Commemorative coins minted for the funeral of His Majesty the late King Bhumibol Adulyadej will soon be available.

The Finance Ministry’s Treasury Department will be accepting reservations to purchase the gold, silver, bronze and cupronickel coins from Tuesday (August 22) through September 30.

Net proceeds after expenses will be presented to His Majesty King Maha Vajiralongkorn.

Finance Minister Apisak Tantivorawong announced this week that the gold coin would cost Bt50,000, the silver coin Bt2,000, the sandblasted, black-coated bronze coin Bt3,000 and the cupronickel coin Bt100.

A portrait of the late monarch in court regalia appears on one side of the coins along with his name in Thai. On the reverse are a depiction of the crematorium being erected at Sanam Luang, the Royal Cypher of King Rama IX, and the inscription in Thai, “The royal funeral ceremony on Thursday October 26, BE 2560”.

Treasury Department chief Patchara Anuntasilpa said his office, the Thai Bankers Association, the government’s financial institutions council and 19 banks would through September be taking public reservations to purchase the coins.

Individuals can reserve up to three coins.

All branches of the 19 participating banks would take reservations for the gold, silver and cupronickel coins, he said.

To reserve a Bt3,000 bronze coin, however, applicants must present their Thailand ID card at the department head office, any of its 76 branch offices, the Bureau of Monetary Management in Pathum Thani, the Coin Museum on Bangkok’s Chakrabongse Road, or the Treasury Pavilion Museum in Chiang Mai or Songkhla.

Patchara said the coins would be ready to pick up starting on January 29.

More information is available from the Treasury Department at (02) 278 5446 and the Coin Museum at (02) 282 0818.

Source: Thai Visa (http://news.thaivisa.com/article/8259/king-rama-ix-funeral-coins-unveiled)
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on September 23, 2017, 09:53:23 PM
KOMSCO lands W32b supply deal in Thailand

Korea Minting and Security Printing Corporation (KOMSCO) announced on Sept. 12 that it has won an international bid to produce two coins -- the 5 baht and 10 baht -- for the Thailand government. KOMSCO will manufacture and supply 370 million coins, for which the company will receive 32 billion won (US$ 28.30 million). The supply deal, set to be completed in October 2018, has been noted as the largest contract for KOMSCO since its foundation.

The tender was floated in July as the Thai government sought to replace coins in circulation following the death of King Bhumibol Adulyadej and the succession of King Vajiralongkorn.

“We see this deal as another opportunity to become a global minting organization,” said KOMSCO President Kim Hwa-dong.

“We have built up our reputation working closely with external raw material procurement companies for cost competitiveness and developed international capabilities by utilizing our global network.”

KOMSCO is a Korean government-owned corporation responsible for printing and minting banknotes, coins, and other government documents.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on December 31, 2017, 01:16:18 PM
(https://farm5.staticflickr.com/4730/39405918691_1fa224760f_o.png)



Monnaie de Paris mistakenly leaked the portrait that will be used on the new Thai circulating coins. During the making of a video by press agency Reuters at Monnaie de Paris, coin designer Nicolas Cozon showed the plaster mold that was sent to him by the Thai State Mint. The video was later published by the press agency.

The Treasury of Thailand was furious and is going to complaint at Monnaie de Paris for breach of contract. The treasurer said he was shocked Monnaie de Paris had published the design without obtaining permission to do so. They want financial compensation although they do not yet know how they are going to achieve that. The contract they have did include a non-disclosure agreement but it was not clear on what would happen if the mint breached that. The design was still a state secret and has not yet been approved by their cabinet. Thai people have been warned that it is prohibited to share images of the new coin design on social media.

It is likely the design will now be ammended.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Oklahoman on December 31, 2017, 10:15:34 PM
Thai drama...fascinating!  I love that you find this stuff to share.  Do you also collect Thai as well?
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on January 01, 2018, 02:27:43 AM
This was the video which apparently leaked out the design of new King's effigy.

https://www.thestartv.com/v/french-mint-makes-coins-for-thailand


This news only indicates the so called breach of trust.

http://www.khaosodenglish.com/news/2017/12/06/french-reveal-rama-x-coin-thailand-didnt-want-seen/

The production of coins is in full swing. Neither the Thailand ministry of Finance nor Paris mint could confirm revision of the effigy.

On the other hand, coronation of new King has still not been finalised although the 2017 coins of Thailand bearing Rama IX effigy are being touted as errors . King Rama IX died on October 13, 2016. Normal period for new King's coronation is 1 year after the death of old King.

The coins with Rama X will be issued only after coronation.

Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on January 26, 2018, 09:15:37 AM
According to a source who visited The Royal Mint recently, they too are currently minting new Thai coins.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on January 26, 2018, 05:09:21 PM
Apparently, the huge work got split in to three parts and went to Korea, Paris and the Royal mints.

However, there are problems with coronation and there are strong rumours the the King Rama X may not ascend the throne or may abdicate ( in whose favour?).
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on January 26, 2018, 06:51:59 PM
As far as I know there is no huge work as coins with portrait of King Bhumibol remain legal tender.

What about the Thai Royal Mint? Surely they are minting too. And isn't Korea only providing blanks?

I have not heard anything about problems around the coronation nor was I in a quick search able to find any news articles about such thing. I have good sources there who for example provided me the news that the King had passed away before any of the (local) press agencies knew about it and they didn't tell anything either so I am quite surprised to read this.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on January 26, 2018, 07:16:40 PM
King Rama IX coins not only remain legal but also continued to be minted in 2017 too. This is against the norms.

Perhaps, there are some changes too involved though not yet known.

Why there was such a noise when the image of Rama 10 leaked out in press?

Why was Korea given work to supply the blanks only?
When the Royal mint got the work, they announced that it was their biggest work for many years.
Paris mint was already overloaded with Saudi Arabia work when they got this work and refused to adhere to initial target.

The coronation date was first fixed for 29th December. Why was it postponed?

There is more than what meets the eye.
I was personally in Bangkok for three days in last week of December, 2017.
Officially, every one is tight lipped about Royalty.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: quaziright on January 26, 2018, 07:34:13 PM
If I’m not mistaken, thais in general do not talk about the monarchy in speculative ways. Moreover, lésé majesté laws can result in prison time. In these uncertain situations, I wouldn’t expect thais to act any other way than remain tight lipped.
I’m not sure how your three days in Bangkok is relevant though, unless you were on some sort of diplomatic or reconnaissance mission? I spent a week there a couple years ago; didn’t learn any more about backroom political happenings while there than sitting here in Canada lol. But then again I did learn a lot about Bangkok nightlife lol
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on January 26, 2018, 07:45:08 PM
If I’m not mistaken, thais in general do not talk about the monarchy in speculative ways. Moreover, lésé majesté laws can result in prison time. In these uncertain situations, I wouldn’t expect thais to act any other way than remain tight lipped.
I’m not sure how your three days in Bangkok is relevant though, unless you were on some sort of diplomatic or reconnaissance mission?

I was on a pure sightseeing and numismatic research work. Met quite a few collectors and dealers and general talk was about the new coins only. The date of coronation and associated issue of general circulation series as well as commemorative coins were discussed. It has nothing to do with internal matters of Royal family.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on February 08, 2018, 05:22:40 PM
What about the Thai Royal Mint? Surely they are minting too. And isn't Korea only providing blanks?

Here is the work awarded news for the Royal mint.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on April 01, 2018, 05:38:34 AM
Mr. Apisak Tantivorawong, Thailand Finance Minister,announced on Wednesday the making of circulation coins of King Rama X. The first coins featuring the portrait of His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun will be put in circulation on April 6.

New set will comprise nine denominations: 10 baht, 5 baht, 2 baht, 1 baht, 50 satang, 25 satang, 10 satang, 5 satang and 1 satang.

Unlike what was speculated, the 10 Baht remains Bimetallic  and no higher denomination coin is proposed.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: eurocoin on April 14, 2018, 06:59:39 PM
From a thematic series of 9 different buildings to 9 times the royal cypher of King Vajiralongkorn. Very bad.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on April 15, 2018, 01:47:21 AM
9 coin unc set yet to be issued. Only 6 coins have been issued.
Title: Re: Thailand: Portrait of new king on circulating coins
Post by: Pabitra on May 08, 2018, 05:12:52 AM
9 coin set is now issued.
Title: Thailand: Portrait of new king on circulating coins
Post by: Bimat on May 12, 2019, 08:38:57 AM
Bangkok Post (https://www.bangkokpost.com/news/general/1676000/moulding-the-way) has some really nice photos of newly minted collector coins, clay and plaster moulds. Sharing those picture here.

Aditya

Title: Thailand: Portrait of new king on circulating coins
Post by: Bimat on May 12, 2019, 08:39:36 AM
More pictures.

Aditya
Title: Thailand: Portrait of new king on circulating coins
Post by: Bimat on May 12, 2019, 08:40:22 AM
I had to reduce size and quality of the photos due to size limitation. Click on the link for better pictures.

Aditya