New Delhi: Old currency notes can sometimes fetch great value due to the history associated with them. The old currency tells the tale of a bygone era when the monetary system was not just different, but people and their lives and expenditures were also different.
Nowadays, old currency notes and coins are in demand and if you are a collector of those, you might be in with luck. Of late, the demand for coins and old notes has increased and some of them have fetched lakhs of rupees in online auctions.
Coin Bazaar is one such platform which is witnessing a surge in the trend of old currency and coins fetching high value. The collectors sold old notes and coins on the platform and sometimes even sold Re 1 or Rs 2 notes for very good amounts. The collectors can get a good profit by selling their currencies. For example, for a single Re 1 note, one can be paid Rs 7 lakh in online auctions.
How can a Re 1 note have such high value?
You must be wondering how a Re 1 note can have such a high value. That is due to the historical significance of the Re 1 note. The Government of India stopped its printing 29 years ago. In 2015, those notes were reintroduced by the government helmed by PM Narendra Modi and the pre-Independence editions are extremely valuable to the collectors.
One such thing was a rare Re 1 note from British India, which had then-Governor JW Kelly’s signature. The note was issued in 1935. The old note, thanks to its extreme historical value, can potentially bring in up to Rs 7 lakh. If anyone is interested in selling such old currencies, then he or she should visit online platforms like Coin Bazaar and Quikr as the auction and sale take place there. But please do note that the RBI does not officially permit the buying or selling of old currency notes and coins.
Nowadays, old currency notes and coins are in demand. If you are a collector, you might be in with luck. Here’s why Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
