Where can I sell my old Indian coins?
Apart from indiamart, you can sell your coins on other platforms such as Quikr and Coinbazzar. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on India.com.
What is the value of old silver coins?
U.S. Circulated Silver Coins
| Description | Face Value | Silver Value |
|---|---|---|
| 1878-1921 Morgan Dollar | $1.00 | $20.1097 |
| 1921-1935 Peace Dollar | $1.00 | $20.1097 |
| 1971-1976 Eisenhower Dollar (40% silver) ** | $1.00 | $8.2221 |
| 1986-2013 Silver Eagle (.999 Silver) | $1.00 | $25.9740 |
How can I sell my old coins and notes in India?
Here’s how to do it:
- First, you need to visit the website of CoinBazzar.
- Create an account by furnishing your details like name, e-mail id and complete address.
- Then, you can then start selling the coins or notes on the website.
- You will have to put out the coin or note and the price you expect against it.
What is the cost of 1 rupee note?
Although the one rupee note was banned from circulation by the Indian government, it is now priced in thousands. The Rs 1 note is selling for Rs 45,000 on the online platform.
Is it legal to sell Indian coins?
As per the Antiquities and Art Treasures Act, 1972, any manuscript, coin, sculpture, painting etc which dates back to 100 years and above is an antique. Although this act do not talks about selling or imitation of antique but in general it is not allowed as per criminal laws of India.
Can I sell my old coins to the bank?
Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee.
Is it legal to sell coins online?
Yes, but your business is expected to comply with all U.S. trademark laws and false and deceptive advertising laws.
Do I have to pay taxes on coins I sell?
If you make a profit from selling your coins or precious metals, it is considered a capital gain. This requires IRS Form 8949 (Sales and Other Dispositions of Capital Gains). If you own previous metals for more than one year it is considered a long-term capital gain and the gain is subject to the 28% tax rate.
What is the best way to sell my coin collection?
The most common and profitable ways to sell coins include:
- Selling to a coin dealer.
- Using an auction service.
- Selling coins online through an auction.
Where can I sell my coins online?
The best places to sell coins online
- eBay. It’s become an unofficial coin marketplace for thousands of sellers from around the world.
- Amazon. The Collectible Coins section is an excellent alternative to eBay.
- Internet Auctions.
- Your website.
What is the best website to sell my coins?
Best places to sell coins online
- CoinsForSale.com Only 5% to sell. No listing fee.
- Heritage Auctions 10% fee. Consignment program.
- Ebay 10% fee plus listing fees. Wide audience.
- 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.
Which coins is worth money?
9 of the most valuable coins in the world
- The 1794 Flowing Hair Silver Dollar. picture alliance/Getty Images.
- The 1787 Brasher Doubloon.
- The 1787 Fugio cent.
- The 723 Umayyad Gold Dinar.
- The 1343 Edward III Florin.
- The 1943 Lincoln Head Copper Penny.
- The 2007 $1 Million Canadian Gold Maple Leaf.
- 1913 Liberty Head V Nickel.
Which app is best for selling old coins?
CoinBazaar is a popular app to buy and sell precious metal coins on the platform. The platform was founded in October 2012 and is available on Google Play Store for Android users besides the web portal. On numerous festivals and other occasions, Indians purchase gold and silver coins for investment and gifting.
What can I do with old coins?
If you have old or foreign coins try taking them to your local charity shop as many charities accept old and foreign coins to help raise valuable funds. You can also often donate foreign coins on your return flight from holiday.