Gold and silver “bullet” coins have been a medium of exchange since medieval times. Interesting enough is the fact that a 1 Baht bullet made of gold will weigh the same as a 1 Baht bullet in silver. The reason for this is that Baht originally was a weight not a denomination. It was a coinage weight only until the time of Rama VII, (1925-1935) and now it is a weight and also a denomination (as far as standard weight coins are concerned)
1 Bhat Rama Iv 1851-1868(C)
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