Watch List notes:

THAILAND: Rama IV, 1851-1868, AV 1/32 baht (pai) (0.46g), Cr-162, Mongkut mark, struck during the reign of of Rama V, 1868-1910, extremely rare denomination, EF, RRR. Most known gold baht pieces are of the official restrikes produced during the reign of Rama V, according to the research of Krisadaolarn & Mihailovs, Siamese Coins, p.139. Mihailovs suggests that they were produced at some time between about 1870 and 1890.

Estimate: 800- 1,000 USD