Coins gathering dust in an old box or drawer at home aren't just memories, they also hold the power to change your destiny. We often dismiss old coins as trivial, but in the world of numismatics, they can be worth millions. As time passes and a particular coin's availability diminishes, its demand and price skyrocket among collectors.

Which coins are in the highest demand?

Not every old coin on the market is valuable, but people are willing to pay a lot for certain categories of coins:

• British-era coins: Silver and copper coins issued during the British Raj in India remain highly sought after. The 1939 one-rupee silver coin, in particular, has sold for lakhs of rupees due to its rarity.
• Early post-independence coins: Coins from the 1950s, which were part of the initial minting of independent India, sell for quite high prices.
• Error Coins: Coins with minting errors, such as incorrect dates, design flaws, or missing mint marks, are treasured by collectors.
• Commemorative Coins: Coins issued in limited numbers to commemorate a special event or people are always in demand.

These "minor" coins sell for lakhs.

The true value of old coins can be gauged from the fact that rare coins from the era of King George V or Queen Victoria have fetched prices ranging from 2 lakh to 2.5 lakh rupees at auction. Even a 1985 one rupee coin without a mint mark can be worth thousands or even lakhs.

Where and how to sell old coins?

It's crucial to choose the right and secure platform to sell your coins. There are several ways to showcase your currency in India:

• Online marketplaces: Platforms like CoinBazzar, eBay India, and Scoins India are dedicated to old notes and coins. Here, you can upload good photos and descriptions of your coins.
• Auction Houses: Reputed institutions like AstaGuru or Marudhar Arts conduct auctions of rare coins where you can get the best prices.
• Currency Exhibitions: Coin fairs or numismatic exhibitions are held periodically in major cities. Here, you can meet directly with reputable dealers and collectors.

Keep these things in mind before selling

Don't rush to sell a coin. Check its condition first; a clean, unworn coin always fetches a higher price. Be aware of the coin's metal, weight, and exact year of issue. Fraud in this area is rampant these days, so don't pay money on unidentified platforms under the guise of "registration fees" or "filing charges." A genuine dealer will never ask for an advance payment. It's always wise to have your coin evaluated by an experienced expert.