Is selling old coins illegal?
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Is selling old coins illegal?
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.”
Is it safe to sell coins online?
In fact all of the largest coins buyers buy from around the country via their internet presence. With insured and tracked shipping being as easy, cost effective & common as it is, the process is safe and secure, providing that the company is trustworthy.
Can I sell old coins outside India?
Yes; You can sell. But coin shouldn’t be more than 100 years old, else you have to take permission from the Director-General of Archaeological Survey of INDIA, Janpath, New Delhi. Thank you for requesting me to answer your query.
Is it a good time to sell coins?
Although the internet is blurring the traditional coin seasons, the two best times of the year for selling your coins are still around the FUN show in January and at the summer ANA in July or August. This holds true for selling a coin yourself, on consignment, or through an auction.
How can I sell my old coins in Indiamart?
Here’s how to sell 25 paise coin on indiamart.com: Step-by-step guide here
- First you need to visit the official website indiamart.com.
- You will have to register yourself on the website.
- Soon after the registration, you just need to click a picture of your coin, and put it for sale on the platform.
How valuable are old coins?
Dollars
| Coin Type | Average Circulated | Typical Uncirculated |
|---|---|---|
| Dollar – Morgan – 1878-1921 | $15 – $20 | $24 – $70 |
| Dollar – Peace – 1921-1935 | $15 – $19 | $20 – $50 |
| Dollar – Eisenhower – 1971-1978 | Face value | $1.25 – $2 |
| Dollar – Susan B. Anthony – 1979-1981,1999 | Face value | Face value |