1 baht 1946

Common. While this is a historically significant note from Thailand's immediate post-war period, the 1946 1 Baht (Pick P-63) remains common in the collector market. Market data from eBay shows consistent sales of UNC examples in the $13.50–$20 range over the past decade, with lower grades (F, VF, EF) selling for $3–$15. PMG-graded examples command premiums ($30–$102.50 for grades 64–66), but raw UNC notes are readily available. The note was issued in sufficient quantity to meet post-war currency demands, and survival rates are adequate. This condition grade commands modest pricing reflecting the note's broad availability.

This note was issued in 1946 by the Government of Thailand during the early reign of King Rama VIII (Ananda Mahidol, r. 1935-1946), a period marked by Thailand's recovery following World War II and the restoration of constitutional governance. The Constitution vessel depicted on the reverse symbolizes Thailand's commitment to the Chakri Dynasty's constitutional framework, while King Rama VIII's portrait on the obverse represents the continuity of the Thai monarchy. The note's design reflects the nationalist and institutional values of post-war Thailand during a pivotal moment of political reorganization.

The obverse features a left-facing three-quarter portrait of King Rama VIII Ananda Mahidol, shown as a young man in formal military dress uniform with an ornate royal collar, enclosed within an oval frame. The Thai royal emblem appears at the top left corner. The note is dominated by green and teal coloration with intricate engraved line patterns throughout, including ornamental floral and geometric border designs. Circular denomination markers bearing the numeral '1' are positioned at the top right and bottom left. The reverse displays a large ceremonial urn or vessel (the Constitution vessel) as the central design element, surrounded by elaborate decorative floral scrollwork and ornamental corner designs that incorporate Thai royal symbols. The reverse is rendered in brown and sepia tones with detailed engraved patterns. Both sides feature the fine line-work characteristic of security printing designed to prevent counterfeiting.

Front side: Thai text 'ธนบัตรไทย' (Thai banknote) and 'หนึ่งบาท' (One baht) appear with denomination markers. Serial number 'A27599819B' is printed in Arabic numerals at the top. The numeral '20' appears as a reference or date element. Back side: Thai text regarding official banknote specifications and regulatory information appears within the decorative border at the bottom. The reverse text contains formal governmental language related to banknote issuance protocols and denomination specifications.

Intaglio engraving (line-engraved banknote), as evidenced by the crisp, detailed engraved patterns, fine linework, and complex security designs visible throughout both sides. The note was printed by Tudor Press of Boston, a notable American security printer. The intricate background patterns, portrait detail, and ornamental designs are consistent with high-quality intaglio production techniques of the period.

This note is a standard issue of the 1946 Government of Thailand 1 Baht (Pick P-63) without obvious star/replacement note marking (though PMG catalogues both a regular P-63 and starred P-63* variant). The serial number A27599819B is consistent with the regular issue. No significant overprints, signature varieties, or other variants are apparent on this example. The note conforms to the standard design specifications for the primary 1946 issue.