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News India Live, Digital Desk: These days many reports on the internet are claiming that certain old ₹10 notes can be sold for ₹8 lakh or more through online auction. This news brings a ray of hope for those who have a collection of old notes. However, not every ₹10 note is valuable. its price its Rarity, historical significance And Condition Depend on.
Is your ₹10 note ‘special’? (Key Features)
Generally, only those notes are worth lakhs which have the following characteristics:
786 serial number: Many collectors consider notes with number ‘786’ auspicious and are ready to pay a high price for it.
Notes of British India: If the note is from before independence (such as the era of King George VI), it may be worth quite a bit more.
Misprint or error note: Errors during printing, such as missing serial numbers or double printing, make the note ‘antique’.
Boat Note: Old ₹ 10 notes which had a boat on the reverse are in high demand.
Signature of the Governor: Notes bearing the signatures of certain governors (such as C.D. Deshmukh) are also considered rare.
The Process of Selling Online
If you have such a rare note, you can use these platforms:
eBay, Quikr, and OLX: On these websites you can register as a ‘seller’ and upload a clear photo of your note.
CoinBazzar and Scoins: These platforms are specifically made for old coins and notes.
Coin Exhibitions: Currency exhibitions are held from time to time in big cities, where you can meet ‘real buyers’ directly.
Caution: Avoid Fraud!
The Reserve Bank of India (RBI) has from time to time issued warnings that:
No role of RBI: The Reserve Bank is not involved in the buying and selling of old notes.
Registration Fee: If someone asks you for ‘registration fee’ or ‘tax’ in exchange for selling a note, then he Fraud Is. A real buyer never asks for money upfront.
Fake Buyers: Be cautious of people posing as ‘RBI Authorized Buyer’ on social media.
