Many people love collecting old notes, and for many, it is a hobby. Recently, there has been a huge demand for old coins and notes in the auction market. Several online platforms are offering large sums of money for such items. For example, during the British era, old ₹1 or ₹2 notes were common. These notes are now being sold at auctions for around ₹7 lakh, which is a surprising price for many. In this article, we will share all the details regarding the whole matter.
The Older the Currency, the Higher the Price
Nowadays, various items can be auctioned online, and old coins or notes are fetching high prices. Recently, auction sites like Coin Bazaar have been offering large sums for such collectibles. The older the currency, the more valuable it becomes. For example, a ₹1 or ₹2 note from the British era can be sold for up to ₹7 lakh.
History of Notes
The printing of ₹1 notes stopped at the end of the last century. However, in 2015, the Modi government reintroduced them. Notably, ₹1 and ₹2 notes have been printed since the British era. Today, notes from the pre-independence period are highly valued by collectors, driving their prices into lakhs.
80-Year-Old Note
A note that recently went viral on the internet, selling for ₹7 lakh, was issued in 1935. It bears the signature of then-Governor J.W. Kelly. This makes the note about 80 years old in 2025.
How and Where to Sell Old Notes
If you own such old notes or coins, you can sell them on auction platforms like Coin Bazaar or Quikr. Here’s how:
1. Selling on Coinbazaar.com
Coinbazaar is a platform for buying and selling old items, including currency notes, coins, and medals. To sell your old note:
- Visit the Coinbazaar website.
- Go to ‘Store Manager’ and register using your email ID and password.
- Upload clear photos of the note or coin, provide details, and set your selling price.
- Once your listing is reviewed, interested buyers will make offers.
2. Selling on OLX
You can also sell old notes or coins through OLX:
- Visit OLX.in.
- Click on “Sell” at the top right and register as a seller.
- Sign up using your mobile number or Google account.
- Upload clear pictures of the note or coin, enter details, and set a price.
- Interested buyers will contact you via OLX or phone.
Disclaimer
The information provided is for educational purposes only. The value of old notes depends on demand and condition. Always verify the authenticity of platforms before making transactions. Timesbull is not responsible for any financial losses or disputes arising from third-party websites.