We usually consider a 20 rupee note as ordinary currency, worth only 20 rupees at the bank. But with changing times, its value in the world of old and rare notes has become completely different. Today, not only in India but also internationally, collectors of old notes are searching for such special notes and are willing to pay hefty sums for them. This is why some special 20 rupee notes have reached a value of lakhs of rupees.
Changing earning mindset after COVID
The COVID-19 pandemic had a profound impact on people’s financial situation. Many lost their jobs, and many started looking for alternative sources of income. Some started online businesses, while others used social media platforms as a source of income. During this period, the buying and selling of old notes and coins also emerged as a new opportunity for people. Good earnings became possible without any major investment, simply from old currency kept at home.
The growing international market for old notes
Today, old and rare notes are no longer limited to just a hobby. There is a significant demand for them in the international collector’s market. Notes with unique designs, colors, or serial numbers, in particular, fetch many times their face value. Notes that are out of circulation or have older designs in India are considered quite popular among foreign collectors.
How a 20 rupee note can fetch Rs 4 lakh
Some online platforms offer up to Rs 4 lakh for such rare 20-rupee notes. However, this doesn’t apply to every note. The price depends entirely on the condition of the note, its rarity, and the demand from collectors. If the note is in pristine condition and has no cuts, stains, or damage, its value increases even further.
What special features should the note have?
Rare 20 rupee notes are identified by certain special characteristics. Such notes are usually pink in color, and their serial number is considered very special. Numbers like 786, in particular, are considered auspicious and associated with good fortune in many cultures and communities. Due to religious and spiritual beliefs, banknotes with such numbers are in high demand. This is why collectors are willing to pay large sums for them.
Earnings can increase with multiple notes
If a person possesses two or three such rare 20-rupee notes, their total value can be even higher. In some cases, a set of three notes is said to be worth between 10 and 12 lakh rupees. However, this depends entirely on the buyer’s interest and market demand.
Easy process to sell notes from home
There’s no need to go anywhere to sell these rare notes. Today, several international and Indian online platforms exist where old banknotes can be auctioned or sold directly. All you need is a mobile phone or a laptop and an internet connection. After online registration, you simply upload clear pictures of the note and provide its details. Buyers can then contact you directly.
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Caution is also necessary
It is crucial to exercise caution when selling old banknotes. Before listing on any platform, always verify its credibility. Also, it’s important to understand that not every claim is necessarily true. Prices are often estimates, and the actual deal may be for more or less than the quoted price. This information is based on various media reports and claims available on online platforms.
Rohit P
My name is Rohit Pal, and I have been working in the field of journalism for the past five years. During this time, I have written on a variety of topics, including business, automobiles, technology, and politics. I have worked with several major organizations and am currently working with Timesbull.
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