New Delhi: It is no secret that old and rare coins and notes have recently become highly collectible. Coin collectors are indeed showing renewed interest in buying old coins issued by the Reserve Bank of India (RBI). In one such case, old 50 paise coins are being sold online for up to Rs 1 lakh on the online classifieds portal OLX.
The 50 paise coin we are talking about is special, as it is slated to be issued in 2011 – the year the Indian government decided to end the circulation of 25-50 paise coins.
So, such 50 paise coins, which were issued in the year 2011, have become extremely collectible now. To sell the old coin you have to go to the official website of OLX which is https://www.olx.in/ .
Sellers need to start creating their profile on OLX. Once the profile is ready, they have to make a list for 50 paise coin. For this they have to take some good quality photographs of the coin which clearly shows that it was issued in 2011.
After the listing goes live, potential customers will start contacting you to purchase the rare coin. You can negotiate the price before making a fortune by selling your old 50 paise coin.
Individuals can use other websites like Indiamart to sell their old and collectible old coins and notes. However, one should always beware of UPI frauds on such platforms. Read also: CNG expensive? Rates may rise 11% as gas prices rise 62%
Under no circumstances should the seller transfer funds to the buyer using UPI on the Platform. Earlier, an old currency seller was robbed by an online thug who was posing as a buyer on a well-known classifieds platform. Read also: ZEEL EGM report is misleading, check facts from official statement here
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