One Rupee Note Can Get You Upto Rs 7 Lakh | Here’s How

Collectors of old currency notes and coins are witnessing a surge in demand, with some items fetching hefty sums in online auctions. Many platforms have become hotspots for buyers and sellers of rare notes and coins, some of which are commanding prices in the lakhs.

One standout example is the Re 1 note, which has recently been sold for up to Rs 7 lakh at online auctions. While this may seem surprising, the high price is attributed to the historical significance of these notes. The Government of India stopped printing Re 1 notes 29 years ago, and although they were reintroduced in 2015 under the Narendra Modi government, certain pre-Independence editions are highly valued by collectors.

A rare 1935 Re 1 note from British India, signed by Governor JW Kelly, stands as a prime example of such valuable currency. This almost 80-year-old note, due to its rarity and historical importance, can reportedly fetch as much as Rs 7 lakh.

For collectors looking to sell, online platforms like Coin Bazaar and Quikr offer convenient avenues to auction or sell their prized possessions. However, it's important to note that the Reserve Bank of India ( RBI ) does not officially permit the buying or selling of old currency notes and coins, meaning these transactions occur in a grey area of the law.

As demand for old currency continues to rise, those with rare notes and coins could find themselves in a position to profit significantly, should they choose to part with their collections.