Got an old ₹1 note stuck in a drawer, it could be worth more than you realize. A rare ₹1 note from British India, issued in 1935 and signed by then-Governor JW Kelly, is grabbing attention from collectors. In online auctions, this single note can sell for up to ₹7 lakh.
Why Is This ₹1 Note So Valuable?
It’s not the value, it’s the history. The ₹1 note was initially withdrawn by the Government of India 29 years ago and reissued in 2015. But the real gems are the ones before Independence. Among them, the 1935 one is priceless as it is vintage, rare, and much sought after by collectors.
That specific note more than 80 years old is highly sought after because of its peculiar layout, simple printing design, and colonial vintage historical significance.
Mass Demand on Online Sites
Websites like Coin Bazaar, Quikr, and eBay have experienced an increased demand for rare coins and notes. Collectors are purchasing and selling old currency, and the transactions earn lakhs. Older ₹2 or ₹5 denomination notes can earn decent amounts if they are rare or bear unusual serial numbers, misprints, or differences in signatures.
How to Sell Rare Notes Online
If you think your old note is valuable, you can list it on platforms like Coin Bazaar or Quikr. Provide good photos, mention the issue year, condition, and even any other identifying attributes such as signature or printing errors. Some individuals have earned a small fortune by merely discovering forgotten notes within their cupboards.
RBI Rules – What You Need to Know
Although people are selling old currency online, it’s important to note that the Reserve Bank of India (RBI) doesn’t officially recognize or authorize the sale or auction of old coins and notes for profit. These transactions happen independently through collectors’ platforms.
Note: We do not promote this news, it is based on the news running on other channels. Chandigarh Breaking does not take responsibility for this. Invest at your own risk.