Demand For Unique And Rare Currency Spikes Online, Old Rs 2 Coin Can Fetch Up To Rs 5 Lakh On Quickr

I remember the first time I saw my uncle's coin collection - big, heavy and worldly. He has coins that I had never set eyes on before and it was mind blowing, to say the least.

Since collecting coins is a hobby, as I grew up, I saw more and more people with coins that were no longer in use. When I would ask them what is the point of collecting something you cannot use anymore, I was told that one day this would be worth a lot of money. Seems like they were right because turns out old coins, rare notes, discontinued, special notes or coins and faulty currency have a lot of demand in the online market.

Apparently, people are willing to pay heavy amounts to collect the rare coins and notes. A Rs 2 coin can help you earn up to Rs 5 lakh.

Quickr

This particular coin was issued in 1994 and has the Indian flag engraved at the back. The price of this special 2 rupee has been fixed at Rs 5 lakh on the Quickr website. So, if you are in possession of this particular coin or any other vintage and rare coin in your collection, you can list them online and earn lakhs of rupees by selling them to the interested party.

How to sell the Rs 2 coin on Quickr:

So, in order to sell the coin if you have it, register on Quickr.com and log in. Create a listing for your coin and upload pictures of the same. Interested parties will contact you directly through the details mentioned. You can negotiate with them and sell the coin at the price you deem fit.

Quickr

However, the Reserve Bank of India has recently issued a warning message to those selling and buying of old notes and coins online.

"It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of India, and seeking charges/ commission/ tax from public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms," an RBI statement said.

Quickr

The central bank further said that it does not deal in such matters and never seeks charges/ commissions of any sort. The RBI has also not authorised any institution/ firm/ person etc. to collect charges/ commission on its behalf in such transactions, said the Central Bank.