1/2 Ratti Thaton/Mi-Chen

Thaton was among the earliest Indianized kingdoms of Lower Burma, its Mon-speaking rulers adopting Hindu-Buddhist cosmological frameworks that shaped coinage long before Pagan consolidated the region. These diminutive silver pieces — sometimes called "mi-chen" in Mon numismatic literature — circulated during a period when Thaton controlled key overland and maritime trade routes connecting the Bay of Bengal to the interior. The kingdom fell to Anawrahta of Pagan around 1057, after which Mon coinage traditions were largely absorbed or suppressed.