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20 Baht / 20 Ticals Series 1, Type II pink background with microtexts

Issuer Ministry of Finance, Government of Siam
Year 1904
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Value 20 Bahts
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Obverse lettering 20          ๒๐ 暹羅國銀貳拾銖 รัฐบาล สยาม สัญญาจะจ่ายเงินให้แก่ผู้นำธนบัตรนี้มาขึ้นเป็นเงินตราสยาม TWENTY TICALS           ยี่สิบบาท เจ้าพนักงาน        เสนาบดีกระทรวงพระคลัง ๒๐          20 THOMAS DE LA RUE AND COMPANY LIMITED.
(Translation: 20 Siam silver twenty Baht Government of Siam Contract to pay the bearer Siamese currency Twenty Baht Officer        Minister of Royal Treasury 20)
Reverse description The reverse is unprinted, showing plain cream-coloured paper stock; the obverse design is partially visible in show-through, revealing the green letterpress text and guilloche underprint from the face of the note.
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Comments

Siam's Ministry of Finance — not a central bank — retained direct control over note issuance until the founding of the Bank of Thailand in 1942, and this series reflects that arrangement. De La Rue in London printed the notes while the issuing authority remained a government ministry in Bangkok, an unusual structure that persisted for decades.

The Type II designation within the Series 1 issues distinguishes this from the earlier Type I by the addition of microtext security printing against the pink background ground tint — a refinement De La Rue applied mid-series rather than at reissue, which creates meaningful variety within what catalog users might otherwise treat as a single issue.

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