Thailand commemorative coins will be in global market as part of its effort to boost revenue in the near future. Thailand Treasury Department director-general, Naris Chaiyasoot in its statement via The Bangkok Post said that the Treasury Department is seeking ways to sell Thai commemorative coins oversea.
The global coin market is relatively large and coins from several countries have gained popularity among collectors, director-general Naris Chaiyasoot said.
Thai coins are expected to draw international collectors' interest because of their quality and beauty, he said.
The department has approached Britain's Royal Mint, which has connections with global collectors, to ask for help in selling Thai coins on the international market.
The department recorded 6.39 billion baht in revenue for the last fiscal year ended Sept 30, 2013, exceeding the target by 45%, and most revenue was generated by rental income from land belonging to the Bureau of State Property.
Coin sales contributed 1.76 billion baht to revenue, almost treble the target, due mainly to the launch of a series of commemorative coins.
The department has set its revenue target for this fiscal year at 4.7 billion baht, with 680 million baht expected to come from coin sales.
Its mint has been praised as the most advanced in the Asean region. The department also hosted the 16th Technical Meeting of Mints in Asean, an annual academic conference, last year.
Its mint, set up in 2001, produces everyday coins, commemorative and souvenir coins, royal decorations and made-to-order coins.
Source: Bangkok Post.
