How can I sell my coin in India?

Step 1: Visit the official website indiamart.com which facilitates buyers and sellers to trade directly. Step 3: Click a picture of your coin, and put it for sale on the website. Step 4: Talk to interested buyers who will contact you. If you have a rare coin, then you have the chance to earn a good amount of money.

How can I sell my coin collection in India?

Here’s how to sell an old 2-rupee coin on Quickr.

  1. Go to Quickr.com and log in. …
  2. Make a listing for your coin and click, upload pictures of the website.
  3. Interested and relevant buyers will get in touch with you directly via the details mentioned on the website.
  4. Negotiate and sell the coin at the highest price offered.

Where can I sell my coin?

Best places to sell coins online

  • CoinsForSale.com Only 5% to sell. No listing fee.
  • Heritage Auctions 10% fee. Consignment program.
  • Ebay 12.35% + $. 030 fee, plus listing fees. …
  • Apmex Well known. But won’t pay until after you’ve shipped your coins.
  • Modern Coin Mart Won’t pay you until after you’ve sent them your coins.
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What is the cost of 25 paise coin?

Rare 25 Paise Coin Can Fetch You ₹1.5 Lakh Online. Here’s How. 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.

Does RBI buy old coins?

For selling old banknotes and coins, people are asking for fees/commissions or taxes. The Reserve Bank has said in its statement that it is not involved in any such activity and will never ask for any fee or commission from anyone for such transactions.

Is there an app to value coins?

Coinoscope mobile app makes coin identification and valuation easy – just snap a picture of a coin with your phone camera and the app will show you a list of similar coins. Fast and accurate. A must-have tool for every coin collector and numismatist!

How do I sell coins on coin bazaar?

How to sell old coins on CoinBazaar?

  1. Provide a daily selling price to CoinBazaar.
  2. On CoinBazaar, always keep a stock of the displayed products.
  3. Orders are sent to CoinBazaar on time.
  4. Provide certified packaging for the coins or products you’re selling.

Is 50 paise banned in India?

Coins of All Denominations are Legal Tender – RBI

It is clarified for the benefit of public that all coins including 25 paise and 50 paise coins are legal tender and will continue to be so.

What is the cost of 10 paise coin?

The 10 Paise coin equals 1⁄10 of a rupee.

What is the value of 1 paisa coin?

This one paisa coin can give you value up to 5 rupees to 100 rupees depending on coin condition, year, and mintmark.

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Is it legal to sell coins?

Is it illegal to melt or destroy US pennies or other coins? It is not illegal to melt, form, destroy, or otherwise modify US coins, including pennies, unless the objective is fraudulent or with the intent of selling the raw materials of the coins for profit.

Is it illegal to sell old coins?

It’s not illegal as far as I’ve checked. All legal tender (coins of 50 paise, 1 Re, 2 Rs, 5 Rs, 10 Rs) cannot be melted or knowingly damaged. haven’t been able to find any law regarding selling them. Even commemorative coins are sold by RBI at a higher-than-face-value rate at its sale counters.

Is it safe to sell old coins?

There is no illegality in selling old coins and 786 series notes, but the notes should not be in relation to the today’s note is not permissible. The old coins must not be counterfeited.