The number of people interested in collecting old and rare coins is steadily increasing in India. After the COVID-19 pandemic, as people began looking for alternatives to earn extra income, online trading in old coins became increasingly popular. Many are earning good profits by selling coins stored in their piggy banks or old chests. The special thing is that if the right coin finds the right buyer, it can be worth lakhs of rupees.
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The Growing Market for Old Coins
Once considered merely a hobby, collecting old and rare coins has become a medium of investment. Due to their history, art, and rarity, the value of these coins is constantly increasing. Many collectors are willing to pay large sums for rare designs and coins issued for a limited time.
The 1994 2-rupee coin becomes a golden opportunity
The most talked-about old coin is the 2-rupee coin issued in 1994. The Indian flag is depicted on the reverse of this coin, and according to many experts, this coin was issued in very limited numbers. This is why it has fallen into the rare category today. The Quickr website estimates the price of this coin at up to 5 lakh rupees. If you have this coin in your piggy bank, this could be a great earning opportunity for you.
British-era coins are worth lakhs
Along with old Indian coins, the price of some coins from the British period is also steadily increasing. A one-rupee silver coin from the Queen Victoria era is estimated to be worth approximately 2 lakh rupees. A 1 rupee coin from 1918, King George V, has reached a price of 9 lakh rupees. Collectors purchase these coins for their personal collections, and their rarity is driving their prices even higher.
Selling on online platforms has become easier
In today’s digital age, selling old coins is no longer as difficult as it once was. These coins can be easily bought and sold on platforms like Quickr. Here, sellers and buyers communicate directly, and the price is mutually agreed upon. If you have such coins, register on the site, upload clear photos of the coin, and add your contact details. Buyers will then connect with you directly, and delivery and payment terms will be agreed upon between you.
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New Earning Option
If you have old, unique, or rare coins, this is a great way to earn money. Finding the right platform and the right buyer can earn you lakhs of rupees from home. Therefore, be sure to check the old coins you have at home, because it’s difficult to predict which coin will make you a millionaire.