In today’s world, where people are constantly seeking new investment options, old coins and banknotes are becoming a significant source of income. Many people have a hobby of collecting old coins, but they don’t realise that this hobby could one day make them millionaires. In particular, some rare coins are fetching astronomical prices in the international auction market.
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A Rare 1 Rupee Coin from the British Era
In the world of old coins, a particular one-rupee coin is currently the subject of much discussion. This coin was issued during British rule. It is said that if this coin is dated 1885 and is in good condition, its value can reach crores of rupees. The price of one such rare coin reached nearly 10 crore rupees at an auction, attracting the attention of collectors and investors.
Why is this coin so expensive?
The biggest reason for the high price of this coin is its rarity. These coins, minted in limited numbers, are now very scarce. Besides rarity, historical significance, metal quality, design, and the condition of the coin also play a crucial role in determining its price. Buyers are willing to pay more for coins that show less wear and tear and whose markings are clearly visible.
Where are old and rare coins sold?
Such old coins are no longer in circulation in the general market, but there is a huge demand for them on online platforms. Many individuals and institutions buy such coins for their antique and vintage collections. By selling them on online auction websites and classified platforms, one can earn lakhs to crores of rupees. With the right buyer, the price can be even higher than expected.
How does the online auction process work?
If you also have an old and rare coin, you can sell it online. For this, you first need to take clear and high-quality pictures of the coin. Then, upload them to an online platform. Interested buyers will contact you directly, and you can negotiate the price. Once an agreement is reached, the payment and delivery terms are finalised. In many cases, buyers also have the coin’s authenticity verified.
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Things to keep in mind before selling
Before selling an old coin, be sure to find out its correct information and estimated value. Consulting an expert or collector can be beneficial. Avoid handing over the coin to anyone without proper verification. Additionally, when conducting online transactions, use secure payment methods to minimise the risk of loss.