1 Fuang - Rama V

The Fuang denomination traces back to the traditional Siamese bullet coinage system, where it represented one-eighth of a Baht. When Rama V modernized the Thai monetary system in the 1870s, the Royal Siamese Mint began producing flat, machine-struck coinage to replace the centuries-old pod duang — a shift as much political as practical, signaling Siam's intent to engage with Western trading partners on familiar terms. Gold Fuang pieces from 1876 are genuinely scarce; production numbers were small, and gold fractional issues saw limited everyday circulation by nature.