Claims of earning lakhs of rupees from old coins and notes are rapidly going viral on the internet and social media these days. Many claim that if you have certain old coins, you can earn a huge amount by selling them online. However, it is important to understand the reality of these claims, as there is a significant difference between the actual market and viral news.
The value of old coins depends more on their rarity, mint mark, condition, and historical significance than on their age. Many coins are merely collector’s items, and their price ranges from a few rupees to thousands. For example, some 25-paisa collector coins can fetch anywhere from a few dozen to a few hundred rupees in normal condition, while special error coins can fetch even more.
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Some rare variants, such as coins from special mints or those struck in limited numbers, can fetch higher prices, but this is a very limited occurrence and does not apply to every old coin.
25-paisa coin sells for lakhs?
In most cases, this isn’t the case. Normal old coins aren’t very valuable. In some cases, coins can be purchased for slightly more than their face value, but the chances of fetching lakhs of rupees are very low. However, if you’re a fan of collecting old coins, this hobby could make you a millionaire. In fact, a special 25-rupee coin is being sold at a very high price. The colour of this coin should be pure silver.
According to experts, this 25-rupee coin can fetch up to 1.5 lakh rupees. However, you can also sell it for a higher price at auction. You can sell this 25-rupee coin on many different platforms.
You can also earn money from 5-paisa and 10-paisa coins
You can also earn money from 5-paisa and 10-paisa coins. However, these coins must have a picture of Goddess Vaishno Devi printed on them. In such a situation, if you have 5 and 10 paise coins with the image of Goddess Vaishno Devi, you can earn money. Furthermore, these coins must have been minted in 2002. Goddess Vaishno Devi is worshipped in Hinduism and is considered very lucky. Therefore, many people are willing to buy these coins at a good price.
The Truth About Selling Coins on Online Platforms
Buyers for old coins and notes can be found on some online platforms. However, the price determined there depends on collector demand, the condition of the coin, and its true rarity. Many websites are merely a connecting medium and do not directly guarantee a high price.
The Risk of Fraud in Selling Old Coins Online
In recent years, numerous cases of cyber fraud involving old coins have surfaced. Many people have been lured with promises of millions of rupees and duped of their money in the name of processing fees or other charges.
Many advertisements circulate on social media claiming large sums of money for old coins, but many people have fallen prey to these scams and suffered significant losses.
Which Coins Sell Most?
If a coin is extremely rare, has an error print, is from a limited mint, or is historically significant, its price may be high. However, expert valuation is essential. Expecting millions for common old coins is not considered reasonable.
Good Earnings from Old and British-era Notes
Some British-era notes or notes with rare prints can fetch good prices in the collector market, but this also depends on their rarity and condition. Not every old note is worth a high price.
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What Precautions to Take Before Selling Coins
It is important to verify the credibility of any buyer before entering into a deal. Avoid paying any advance payment in the name of processing fees, registration charges, or taxes.
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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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