In the last few years, the demand for old currency and coins has suddenly increased a lot. People especially want to buy the notes and coins of the British era as a collection. This is the reason why the old one-rupee note is being sold in an online auction today for Rs 200 to Rs 7 lakh.
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Why is the 1 rupee note special?
The one-rupee note has historical importance in India. About 29 years ago, the government stopped printing them. However, they were brought back to the market in 2015. But the real price is of those rare notes which were issued before independence or in the early period of independence. These notes are in great demand among collectors, and this makes them worth lakhs of rupees.
Rare note of the British era
The one-rupee note issued during the British rule in 1935 is counted among the most expensive notes today. The signature of the then-Governor J.W. Kelly is present on this note. This nearly 80-year-old note has fetched a price of up to Rs 7 lakh in an auction due to its rarity and historical importance.
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Where and how to sell old notes
If you also have such an old note or coin, then you can participate in the auction by visiting online platforms like Coin Bazaar or Quikr. Here, collectors buy them at a high price. However, it is important to note that the Reserve Bank of India (RBI) does not officially allow the purchase and sale of old notes and coins. Therefore, this entire process takes place only on private collectors’ and auction websites.