Old Coin Sale: If you have old or rare coins that you no longer need, you could potentially make a significant profit by selling them. You might wonder how these seemingly useless coins can be valuable. It’s quite common for many individuals in India to have a passion for collecting old coins and notes. These collectors, known as numismatists, are often willing to pay a premium for coins that hold historical or cultural significance.
Which coins are most sought after?
– Coins from British India (1835–1947)
– The first coins minted after independence, like the Rs 1 coin from 1950
– Error coins that feature printing mistakes
– Coins produced in limited quantities, such as certain special editions of Rs 5
For instance, a one rupee silver coin from 1939 has fetched prices as high as Rs 1 lakh on eBay and other marketplaces.
Where can you sell your old coins?
You can list your coins for sale on the following online platforms:
– eBay India
– Indiamart
– Quikr
– Coinbazaar (www.coinbazaar.in)
– Numismatic Society of India (where coins are auctioned)
It’s important to note that while old and rare coins were once sold on platforms like OLX, experts now advise against this due to the risk of fraud. Stick to reputable websites and verified seller platforms for a safer transaction.
Things to consider before selling your coins:
– The condition and authenticity of the coin are crucial.
– Keep details about the coin’s date, metal, and size handy.
– Have your coins appraised by a professional.
– Registration and proof of identity will be necessary for auction participation.
Note: This news has been made on the basis of information received from various websites. We do not confirm this type of information.