One-satang coin explained

Country:Thailand
Denomination:One satang
Value:0.01
Mass:0.5
Diameter:15
Edge:Plain
Years Of Minting:1908 - Present
Catalog Number:-
Obverse Design Date:2018
Reverse Design:Royal Monogram of King Vajiralongkorn
Reverse Design Date:2018

The Thailand one-satang coin is a currency unit equivalent to one-hundredth of a Thai baht. It is rare in circulation but used in banking transactions.

The first satang coin was issued from 1908 to 1937, and featured a hole through the middle.[1] It was made of bronze and measured 22mm in diameter, weighing 4.6g. It bore the name of King Rama VI.[2] A coin in the same design was minted in 1939 with the name of King Rama VIII, and had a mintage of 24.4 million.[3] In 1941 the design of the coin changed, although it was still bronze with a hole. The diameter changed to 20mm and the weight to 3.5g.[4]

The hole was removed in 1942 [5] as the coin's composition became tin, reducing its weight to 1.5g and the diameter to 15mm. Only issued in 1942, it had a mintage of 20.7 million.[6] The design was changed on the coin, although it retained its specifications, in 1944. This coin had an issue of 500,000.[7]

The coin then fell out of circulation. It was reintroduced in 1987 as an aluminium coin weighing 0.5g and measuring 15mm in diameter. This was the first one-satang coin to feature a portrait of a monarch, King Rama IX, which was sculpted by Wuthichai Saengngoen.[8] A commemorative was released in 1996 to mark 50 years since of the reign of Rama IX, with a front-facing portrait of the King at his succession.[9] In 2008, the current portrait of the King was inserted on the obverse.[10]

Mintages

References

  1. http://worldcoingallery.com/countries/display.php?image=img5/175-35&desc=Thailand y35 1 Satang (1908-1937)&query=Thailand
  2. Web site: 1 Satang - Rama V / Rama VI / Rama VII / Rama VIII - Thailand – Numista.
  3. Web site: 1 Satang - Rama VIII (Government of Thailand) - Thailand – Numista.
  4. Web site: 1 Satang - Rama VIII - Thailand – Numista.
  5. http://worldcoingallery.com/countries/display.php?image=img5/175-57&desc=Thailand y57 1 Satang (1942)&query=Thailand
  6. Web site: 1 Satang - Rama VIII - Thailand – Numista.
  7. Web site: 1 Satang - Rama VIII - Thailand – Numista.
  8. Web site: 1 Satang - Rama IX - Thailand – Numista.
  9. Web site: 1 Satang - Rama IX, Thailand.
  10. Web site: 1 Satang - Rama IX (4th portrait) - Thailand – Numista.
  11. http://ecatalog.treasury.go.th/coininfo/detail.php?id=711 Treasury Department
  12. http://ecatalog.treasury.go.th/coininfo/detail.php?id=1039 Treasury Department