Thailand (Siam). Bullet Money (photduang) probably King U-Tumphorn (1758-1759 AD) (3 bullets 5.67) (No reserve price)

Thailand's Bullet Money, known locally as Photduang, represents a unique and fascinating form of currency used historically in Siam, now Thailand. These silver ingots were hand-hammered into a bullet-like shape and stamped with official marks indicating their authenticity and value. The specimen likely dates to the reign of King U-Tumphorn (1758-1759 AD), illustrating an era when Siam's monetary system was distinct from coinage used elsewhere. Photduang are notable for their unusual shape, often weighing several grams, and are considered important cultural artifacts. Collectors and historians value them for their rarity, craftsmanship, and as symbols of Thailand’s economic heritage prior to modern minting conventions.