- Ordinary number VF about 1,090,000 -1,140,000 baht.<! Aug 2016 # 2694>
The price was updated on 26th December 2017.
His Majesty King Chulalongkorn (the King Rama 5) ascended the throne on 11th November 1868. The foundations for all development of the country were modified in the reign of King Rama 5.
In 1873, the value of tin and copper rose above the face value of coins. Therefore the speculations inevitably occurred so they caused the shortage of coins. People adopted Pi, the gambling chip, that were used at private casino as money media around that places even that was risk in obsolete.
The government solved the problem by ordering the mint machine from Europe to produce low value coins. But it took 5 - 8 months in delivery. His Majesty had a low value paper money contemporary issued known as Att Kradad. (Att is a low value Thai currency unit, 64 Att = 1 Baht, Kradad means paper)
Att Kradad was issued in 1874 into circulation along with Pi. Until the coins and machines arrived to Siam, Att Kradad was redeem. The government also had announced the people to exchange Pi to the casino operators before 28th November 1875 that Pi would be no longer acceptable.<! adsense 4> <! end adsense 4>