One-satang coin

One satang
Thailand
Value 0.01 Thai baht
Mass  0.5 g
Diameter  15 mm
Edge Plain
Composition Aluminium
99% Al
Years of minting 1986–Present
Catalog number -
Obverse
Design H.M. King Bhumipol Adulyadej
Designer Supab Aun-aree
Design date 2008
Reverse
Design Wat Haripunchai, Lamphun
Designer Paithoon Na Chaigmai
Design date 2008

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 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. ^ http://en.numista.com/catalogue/pieces6582.html
  3. ^ http://en.numista.com/catalogue/pieces12237.html
  4. ^ http://en.numista.com/catalogue/pieces11122.html
  5. ^ http://worldcoingallery.com/countries/display.php?image=img5/175-57&desc=Thailand y57 1 Satang (1942)&query=Thailand
  6. ^ http://en.numista.com/catalogue/pieces10998.html
  7. ^ http://en.numista.com/catalogue/pieces11123.html
  8. ^ http://en.numista.com/catalogue/pieces10004.html
  9. ^ http://en.numista.com/catalogue/pieces5859.html
  10. ^ http://en.numista.com/catalogue/pieces22035.html
  11. ^ Treasury Department
  12. ^ Treasury Department