Old Currency Value in India, Special Series Notes, RBI Warnings and FAQs…

Old Currency Value in India, Special Series Notes, RBI Warnings and FAQs…

Old Currency Value in India: The 1994-made coin has an Indian flag on one side, and its value on the Quikr website is estimated to be of Rs 5 lakh. Whereas, the value of one rupee coin that was minted before independence, and had Queen Victoria’s picture imprinted on it, is calculated to be worth Rs 2 lakh. Selling an old Re 1 note can fetch you Rs 45,000. The one rupee coin is available for purchase on the coinbazzar website. Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. old currency value chart in india

In Hindi:

1994 में बने इस सिक्के के एक तरफ भारतीय झंडा है और क्विकर वेबसाइट पर इसकी कीमत 5 लाख रुपये आंकी गई है। जबकि, एक रुपये के सिक्के का मूल्य जो आजादी से पहले ढाला गया था और जिस पर महारानी विक्टोरिया की तस्वीर अंकित थी, उसकी कीमत 2 लाख रुपये आंकी गई है। एक रुपये का पुराना नोट बेचने पर आपको 45,000 रुपये मिल सकते हैं। एक रुपये का सिक्का कॉइनबाजार वेबसाइट पर खरीदने के लिए उपलब्ध है। उपभोक्ता अपने सिक्कों को बैंकों में नकद में बदल सकते हैं, जिससे उन्हें उनका पूरा मूल्य मिल जाएगा। सिक्के जमा करने पर बैंक अपने ग्राहकों से कोई शुल्क नहीं लेते हैं, लेकिन कई लोगों को सिक्कों को रैपर में रोल करने की आवश्यकता होती है।

Also, Read- Old Coin Bazaar, Value of Old Coins, How to sell Old Coins & Notes, FAQs… Read More

KEY HIGHLIGHT

  • Sold and rare currency notes are bought and sold online for good prices
  • Currency notes with the ‘786’ series are considered auspicious and fetch money sometimes in lakhs
  • Website like eBay, Coinbazzar, and Quikr provides a platform for people having unique and old notes to sell it online

If you are someone who is fond of collecting certain coins and currency notes, then you may have a chance to exchange them for a lot of money. If you have notes of Indian currency with certain features, then you have the chance to earn anywhere from Rs 1 lakh to Rs 5 lakh as some currency notes and old coins are considered very valuable for some special reasons and they have more value.

You can earn a good amount from such old coins and notes by just sitting at home. Nowadays, many websites auction antique notes and coins and people are ready to pay large amounts of money to own the special notes and coins. There are several websites that allow people to sell rare coins and notes to interested buyers.

Also, Read- www coinbazar com India, Top 10 Rare British India Coin, Rare Coins, FAQs… Read More

Special series notes:

If you have currency notes of Rs 1, 2, 10, 100, 500, 200 and 2,000 with certain specified features, then you can sell them online and earn good money. So these notes can fetch you up to Rs 5 lakh if they have the number 12345 or 123456 on them. Therefore the series is considered unique and antique as all the numbers from 1 to 6 are in ascending order. Also, these notes are rare and buyers are ready to pay huge amounts of money to own these notes from sellers.

Another popular series is 786. An old note of the 786 series can help you earn a good amount sitting at home. If you have notes with the series number 786 on them, then you can sell these notes to earn a good amount of money. For this, you need to have notes of 1, 2, 10, 100, 500, 200, and 2000 denominations with series number 786 on it.

Notably, the notes with 786 digits printed on them are considered antique and rare. Also, a 100 rupees note with serial number 000786 is being sold for Rs 1,900 online. This note has the signature of former governor D Subbarao. Earlier, people got up to Rs 3 lakh in the bid of notes containing 786 numbers.

Old Note (Old Currency Value in India)
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Coins and currency notes that are buzzing:

The value of five rupees and 10 rupees coins of Mata Vaishno Devi is one of the highest among other coins. People who have possession of such rare coins can rake up lakhs of rupees by putting them for sale. So nowadays, it is nearly impossible to see a one rupee note in circulation. If you have one with you, there’s a chance that you can earn up to Rs 45,000 for it. There is a one rupee note with the signature of former Reserve Bank of India (RBI) governor HM Patel that is listed for Rs 45,000 online.

A 10 rupee note from 1943 during British Raj and signed by the then RBI Governor CD Deskhmukh is attracting an amount of Rs 25,000. Coins with Queen Victoria’s face on them can get you as much as Rs 1.5 lakh on Quikr.

If you have any notes of this series, you can go to websites like eBay, Quikr, CoinBazzar and other similar platforms and collect the price for your particular note there. These websites provide a platform for the auction of rare Indian currency notes and coins. Therefore anyone can sell unique notes and interested buyers will purchase the notes after seeing the advertisement.

Also, Read- Old Note Sale, Where/How to Sell Old Currency, Demanding Notes, FAQs… Read More

RBI warning

RBI cautioned the public from falling prey to “fictitious deals” offered by unscrupulous companies, persons using its name to sell or buy old coins and banknotes.

“Also, it has come to the notice of Reserve Bank of India that certain elements are; fraudulently using the name/ logo of Reserve Bank of India; and seeking charges/ commission/ tax from the public, in transactions related to buying and selling of old banknotes and coins; through various online/ offline platforms. It is clarified that the Reserve Bank of India does not deal in such matters and never seeks charges/ commissions of any sort. Reserve Bank of India has also not authorised any institution/ firm/ person etc; to collect charges/ commission on its behalf in such transactions. Hence Reserve Bank of India advises members of the public to remain cautious and not to fall prey to elements; using the name of Reserve Bank of India to extract money through such fictitious/ fraudulent offers” said the central bank issued a warning on August 4, 2021.

Old Coin with Queen Victoria minted
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FAQs on Old Currency Value in India

Where can I turn coins into cash?

Many banks and most credit unions offer a free conversion of coins to cash for account holders. So they’ll simply dump your change into a sorting machine and give you cash after the change has run through it. Some banks offer this service for a small fee.

What is the value of the old 1 rupee?

According to reports, Rs 1 coin with an ‘H’ mark and minted in 1985; can be sold for Rs 2.5 Lakh. Also, one of these coins was auctioned at such a high price a few years ago.

What old Indian currency is worth the most?

The value of five rupees and 10 rupees coins of Mata Vaishno Devi; is one of the highest among other coins.

Old Currencies

How do I find the value of an old currency?

Search through the sold listings and try to find a bill that has the same; characteristics as your old money — condition, errors, etc. Use the sold value of similar items to assess the value of your old note or bill. So these steps provide the quickest way for you to determine the value of your old money

Also, Read- Indian Currency Note with Holy No 786 Rs 500 Slightly Used, How to Sell, FAQs… Read More

Why 786 is lucky?

In Arabic literature, there is a numerology equation in which words and abjad letters; are converted into numbers giving 786 as a conversion of the words in Arabic Besm Allah AlRahman AlRahim; which literally means in English: “In the Name of Allah (i.e. God) the Compassionate the Merciful”.

How do I sell my 100-year-old coin?

To sell old coins, you have to go to Indiamart’s website. Also, on this website, you have to create your account. After creating an account, you have to register yourself as a seller here. After registration, now you upload the picture of your coin and put it for sale. indian old currency value in india