New Delhi: If you are also fond of collecting old and collectible coins, then we have good news for you. With the increasing demand for the rare currency, interested buyers are now ready to pay a handsome amount to add collectible coins to their portfolio.
So, if you had bought old coins earlier, you can make a lot of money very quickly, because the price of these coins has gone up a lot now. For example, an old 50 paise coin is being sold for Rs 1 lakh.
The reason the coin is special is that it has been out of circulation since 2011 – the same year since the 25 paise coin went out of circulation. Since the coin has gone out of circulation, collectors are now willing to pay a large sum to add it to their collection.
How to sell old coins?
You can easily sell old coins on online classifieds platforms like OLX. In order to sell old coins, collectors first need to create an account on the platform. Users need to register with their phone number and e-mail ID to create an account.
After creating an account, you have to create a listing for the coin. Click on some nice pictures of the coin to make it appear that it was issued by the Reserve Bank of India (RBI) in 2011. Read also: E-ATM for Mutual Funds: ICICI Direct launches instant payment on redemption
Once your listing goes live, interested parties will start contacting you. Before selling the coin, you can negotiate with the buyer to buy the coin at any price you want. However, you must be aware that the buyer is genuine and not someone wasting your time. Read also: Sensex drops 678 points; Nifty 17,700. closed under
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