Is Selling Old Currency Illegal?

Is it OK to sell old coins?

It’s possible to sell old coins and notes in India, but they can’t be a legal tender for exchange.

How can I sold my old currency?

There are websites that you can sell your old note on. If you want to sell the currency note online in an auction, you have to click the photo of it. You have to register as a seller on the site.

Is it illegal to sell quarters?

Yes, that is correct. If the U.S. Government owns acopyright in the coin design, you may need permission from them. It is against the law to alter a U.S. coin with the intent to cheat.

Do people buy old currency?

Modern numismatists like to buy rare coins for their place in history. Vendors who will give cash for gold or silver are sought by others.

How do I sell my 100 year old coin?

Indiamart has a website where you can sell old coins. You need to create an account on the website. You need to register as a seller after you create an account. After you register, you can sell your coin by uploading the picture.

Can I sell old coins in bank?

Fees/commissions or taxes are what people are asking for when they sell old coins. The Reserve Bank said in its statement that it won’t ask for a fee or commission for such transactions.

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Can we sell 786 notes?

You can sell your note on Ebay. The purpose of the website is to sell old coins.

Can I sell Indian currency?

A lot of people are willing to pay a lot of money for these special coins. If you have such a coin, you can quickly sell it and make money. If you want to sell the old coin, all you have to do is list it on a online platform.

Who buys old coins in India?

The word is OLX. Used and second-hand stuff can be bought and sold on the OLX marketplace. Many people are selling their old coins on the platform.

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