Watch List notes:

THAILAND: Rama IV, 1851-1868, AR baht (14.78g), ND (1860), KM-Pn27, wire rims, semi-proof like fields, lovely original toning, EF to About Unc, RRR. Exact obverse and reverse die matches with copper pattern sold in Stack's, Bowers & Ponterio Auction 165 lot 22256. A silver example of this type was in the same sale, lot 22257, but struck with different obverse dies than this example, as the tail of the elephant differs.

Estimate: 1,500- 2,500 USD