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A rare Re 1 note from British India, bearing the signature of then-Governor JW Kelly and issued in 1935, could potentially fetch up to Rs 7 lakh at online auctions
The Government of India stopped printing the one rupee note 29 years ago, but it was reintroduced in 2015. (News18 Telugu)
If you are a collector of old currency notes and coins, luck might just be on your side. Recently, the demand for old notes and coins has surged, with some fetching lakhs of rupees in online auctions.
One platform witnessing this trend is Coin Bazaar, where collectors have sold old notes and coins, sometimes even Re 1 or Rs 2 notes, for substantial amounts. This surge offers collectors an opportunity to profit handsomely. For example, a single Re 1 note can reportedly fetch up to Rs 7 lakh in online auctions.
You may wonder how a Re 1 note could command such a high price. The answer lies in its historical significance. The Government of India ceased printing the Re 1 note 29 years ago. While these notes were reintroduced in 2015 under the Narendra Modi government, certain pre-Independence editions hold immense value for collectors.
One notable example is a rare Re 1 note from British India, bearing the signature of then-Governor JW Kelly and issued in 1935. This almost 80-year old note, due to its rarity and historical value, can potentially bring in up to Rs 7 lakh.
For those interested in selling their collections, online platforms like Coin Bazaar and Quikr offer avenues for auction and sale. However, it is important to note that the Reserve Bank of India (RBI) does not officially permit the buying or selling of old currency notes and coins.
