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5 Baht Series 9 Type I 'Red Serial'

Issuer Government of Thailand (รัฐบาลไทย)
Year 1948
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Value 5 Bahts (5 บาท)
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Obverse lettering รัฐบาลไทย ธนบัตรเป็นเงินที่ชำระหนี้ได้ตามกฎหมาย ห้าบาท
(Translation: Government of Thailand Banknotes are legal tender, Five Baht.)
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Reverse lettering โทษฐานปลอมหรือแปลงธนบัตร ถือว่าตุกตลอดชีวิต หรือจําคุกอย่างสูงยี่สิบปีและปรับอย่างสูงสี่หมื่นบาท THOMAS DE LA RUE & COMPANY LIMITED LONDON.
(Translation: Penalty for counterfeiting or altering banknotes considered a lifelong offense or imprisonment for a maximum of twenty years and a fine of up to forty thousand baht THOMAS DE LA RUE & COMPANY LIMITED LONDON.)
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Thailand's Series 9 notes were introduced following the 1947 military coup that ousted the civilian government and eventually restored the monarchy's prominence under Bhumibol Adulyadej. The 5 Baht in this first type carries red serial numbers — a detail that distinguishes it from the later black-serial Type II issues of the same design, and the primary reason collectors treat them as separate catalog entries despite identical artwork.

De La Rue printed the series in London at a time when Thai domestic printing capacity was still limited. The red serial variant is the scarcer of the two types.

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