The trend of buying and selling antique coins and notes has been on the rise for several days. Nowadays, people often sell old coins and banknotes and earn money for them. Old banknotes and coins are sold on many online and offline platforms. Old coins or coins you may have kept as collectibles could be worth a fortune. There is a market that is interested in paying lakhs of rupees for these coins, the legal value of which could be much lower. If you have sat on these notes and coins, you would be surprised to know that you can also sell them online in India. I don`t know how, we`re here to help. Below is a list of many methods you can use to sell old banknotes and coins in India online and make a lot of money. So, without further ado, let`s get straight to the point. OLX is a well-known marketplace for buying and selling used and used products. Many people also use this platform to sell their old coins. Here`s how you can too. There are a number of platforms available online that are involved in selling and buying old currencies.

Olx and eBay are two of the most reliable platforms for selling and/or buying old notes and coins. Apex Bank posted a tweet on its official Twitter account stating that some elements abuse the name and emblem of the Reserve Bank of India and urge people to sell old notes and coins through various online and offline platforms. Fees, commissions or taxes will be charged. Below are the online platforms where you can list your old coins and banknotes. By looking at other parts lists, you will have an idea of the prices and set yours accordingly, depending on the year mentioned on the parts. The older the part, the more it can be sold. The year indicates the date the coins were minted, so let`s assume that a coin produced in 1984 has more sales value than a coin minted in 1998. If you have coins or banknotes with the number 786, you can sell them for lakhs. You can also sell 10 pieces of paisa, which were the first coins issued after independence. These 10 paisa coins can be sold for 1000 rupees or more.

Special editions of banknotes and coins are also in high demand. Gold is old, because the older your currency, the more price it will bring you. The Reserve Bank of India (RBI) has warned the public against bids to buy or sell old notes and coins. The Reserve Bank of India (RBI) on Wednesday warned the public against scammers using the name and logo of the Reserve Bank of India to charge fees and commissions or taxes to the public on online transactions to buy and sell old notes and coins. One can certainly make a lot of money by selling old coins and banknotes in India. The 25-paise and 50-paise coins that were demonetized were available in the country last year for a maximum of Rs 1.5 lakh. There are people who are more than interested in spending thousands and lakhs of rupees on these banned currencies for collection purposes. All you have to do is contact them directly by listing your old coins or banknotes on some online platforms. Trade with them if you want, sell your currency and voila, you have made money by selling money. Fees/commissions or taxes are charged for the sale of antique notes and coins. Just like OLX, Quickr is another platform that involves the exchange of old items and products, including old and demonetized coins and banknotes.

However, it is important to note that the Reserve Bank of India (RBI) has recently released some important information on this topic. The RBI said some fraudulent elements use the central bank`s name and logo to sell old notes and coins on online and offline platforms. If you are also preparing to sell or buy old coins and banknotes, check this information with the RBI first, as online scammers are constantly trying to trick customers. There is not exactly confirmation of the legality of selling old coins in India, but as long as you do not engage in fraudulent activities like collecting commissions on behalf of government agencies like the RBI, you should agree. There are also already many offers for antique coins on online platforms. How to make money with old coins and paper coins: If you like to collect old banknotes, you will be pampered. Many buyers who are avid collectors of old banknotes and coins are willing to pay a large sum of money for some rare old currencies. Coinbazaar is a website dedicated to buying and selling antique items such as medals, ancient coins, and antique coins and banknotes. Here`s how to sign up and create a listing for your own coins. Interested buyers will contact you via the platform`s built-in messaging service or can contact you directly via your phone number. Important note: Whether you are a buyer or seller, beware of scammers and scammers.

Sell/buy only to those who are legitimate. If you have bought or sold shares or invested in equity funds and have not completed KYC on your Demat account, do so as soon as possible or your account will be terminated. SEBI, the market regulator, did so until March 31. Otherwise, you cannot invest in the stock market. You can become a millionaire in no time if you know how to properly sell your old currencies. Once you`re done and dusted off with the steps above, your listing will become active and visible to potential buyers.