Old Pink 20 Rupee Note: Many people consider old notes and coins useless, leaving them in a corner of their house or giving them to children to play with. However, the value of these old currencies is rising unexpectedly in the collector market. Collectors from all over the world are purchasing rare notes and coins at high prices. If you have such an old note, it could prove to be a great opportunity for you to earn money.
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Old 20 Rupee Note Worth Lakhs
The 20 rupee note currently in circulation is light green, but the earlier version was issued in light pink or red. Very few people have such notes now. The special feature is that these old notes bear the Konark Temple symbol and the note number 786. These two features make the note extremely rare. The number 786 is also considered highly significant among collectors, and hence its value often reaches lakhs of rupees.
Why are such notes so valuable?
Rarity is what makes old notes and coins so expensive. Over time, these notes disappear from the market, making them difficult for collectors to obtain. If you possess such a note in perfect condition, it can command a high price in the international market. This is why the pink old 20 rupee note, the Konark mark, and the 786 serial number combine to make it extremely valuable.
Where and how to sell old 20 rupee notes
The trade in old notes and coins has become completely online. You don’t need a specialised agency to sell them. By simply registering on certain websites, you can connect directly with collectors. Websites like OLX or Coin Bazaar are quite popular platforms for this. After registering, you simply upload clear and crisp photos of your note. This allows collectors around the world to view your post, and if they like your note, they contact you directly.
Once the deal is finalised, you can sell your note at the desired price. In many cases, sellers receive a price much higher than they expected. This entire process can be completed from home, and you can earn a substantial profit without any effort.
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Necessary Safety Precautions
It is essential to be cautious when selling old notes and coins. It is important to read and understand the RBI guidelines, as certain rules apply to the purchase and sale of old notes. Furthermore, do not make advance payments to anyone. Always complete the transaction securely to avoid any kind of fraud.