Thailand
Rama V Proof 1/8 Baht ND (1876-1900) PR65 NGC, KM-Y32. A lovely Gem example of this rare proof issue, with nearly tone-free surfaces that are absent noticeable handling. Likely lightly lacquered at the mint, with rainbow iridescent color becoming apparent when the coin in tilted beneath a light.
Estimate: 1800-2400 USD