Quick Answer: How can I sell my old Indian coins legally?

Is it legal to sell old coins in India?

No they can’t… the 2 paise coin is an antique now. Don’t you worry about it just sell the coin and get the money that you deserve as a seller, let that person say whatever he wants to…we have no problem…

Which is the best website to sell old Indian coins?

Apart from IndiaMART.com, you can also register yourself on Quikr and Coinbazzar where you can sell your old and unique coins for a good amount of money.

Do banks buy old coins?

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. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee.

Do RBI buy old coins?

Cautioning the general public “not to fall prey to fictitious offers of buying/ selling of old banknotes and coins,” the RBI said the central bank does not deal in such matters, and “never seeks charges/ commissions of any sort.” …

How can I sell my old coins for cash?

Let’s look at the 3 main ways to sell your coins.

  1. 1.) Sell to a Coin Shop – Now the coin dealer is going to buy them for less than they are worth, and this is normal. …
  2. 2.) Physical Auction – You may want to find an auction and see if the auction house is interested in listing your collection. …
  3. 3.)
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How can I sell my old 25 paise coins?

If you have a special 25 paise silver colour coin, then you can rake in up to Rs 1.50 lakh by selling it online.

  1. The rare coin is selling for lakhs on the online classifieds platform, Quikr.
  2. For selling these coins, you first need to register yourself online on the Quikr website.