Different types of old coins and their value | rare and old coin value | how to sell old coin | old coins | old notes | old coin selling process | old coin sell online | old coin buyer contact number
Different Types of Old Coins and Their Value: If you have historical, rare or error coins and you are looking for information about those coins and their values then welcome, you have come to the right place. In this era of social media and YouTube, it is not easy to get correct information about the correct values of old coins. Because most of the information available on the internet is fake. But through this post we (coin bazaar88.com) are providing you the best and most genuine information about old coins and their value based on facts and true knowledge.
Do you know why old coins are fetching more than their actual value?
If not then let us know about them, Old coins, whether of India or any other country, are valued higher than their face value for several reasons, including historical importance, rarity, popularity, precious metals, commemorative coins and their condition, etc. We should know about different types of old coins in India and all over the world for sale.
Please note that the Reserve Bank of India (RBI) does not provide any mechanism or catalog for selling or purchasing such old coins or old notes nor does it interfere in the transactions of coins with collectors.
Different Types of Old Coins
Coins have been in use for thousands of years but in today’s times, the price of those old coins is skyrocketing, out of which there are some special types whose prices are very high in the markets like ancient coins, historical coins, rare coins, precious metal coins and Commemorative coins etc.
So let us know about some main types of coins:
- Historical Coins
- Rare Coins
- Precious Metals
- Error Coins
- obsolete Coins
- Commemorative Coins
- Antique Coins
- Paper Notes
Let us know 5 lines about historical coins, Coins have been in use for thousands of years. If we talk about ancient Indian coins, examples of ancient coins are coins of Gupta period, Maurya period, Harappan civilization, Mughal dynasty etc. The coins minted during this period had portraits and inscriptions of famous rulers. Through these coins we can also know about the situation and culture of that time.
If you have coins of this time then get ready to become rich because today their price value can be in crores.
Rare coins fall into the category of coins that are available in limited numbers or are not easily found in today’s market. Coins that are made in small numbers for a special occasion or coins that have unique designs and imperfections can also be called rare coins. The rarity of these rare coins makes them more precious and valuable and a huge amount can be earned by selling them.
Coin minting in India began around the 6th century BC. Initially coins were usually minted in metals such as gold, silver and copper and often bore images of important rulers and deities. The value of metal coins depends on the market price, but ancient and medieval coins are worth much more today. Also, these are the most expensive rare Indian coins price is very high.
Some special ancient coins are bought by collectors or museums for huge sums of money, but if you have ancient and medieval coins and they are not minimally damaged or excessively worn, you can get lakhs or crores of rupees for those coins.
Coin minting in India began around the 6th century BC. At that time coins were minted from various metals, of which gold, silver and copper coins were more popular. Those coins often bore images of important rulers and deities. The value of current metal coins depends on the market price, but the value of ancient and medieval metal coins is very high due to their amazing design and rarity.
- Gold Coins: Among metals, gold has been in the category of more valuable metals since ancient times. It has been seen in history that various civilizations had issued gold coins. Even a coin of that time can fill your pocket with money today.
- Silver Coins: If we talk about the most important and most popular coins after gold, they used to be silver coins. If you have silver coins of ancient times, then you can become rich by selling them because in today’s time both the price and demand of those coins are very high.
- Copper Coins: Copper coins were of lesser value than gold and silver and these coins were made especially for the lower class. Copper coins remain safe for a longer time than gold and silver coins, due to which they remain in circulation for a longer period. Ancient copper coins can fetch you a huge amount of money even today.
Those coins in which there is an error during minting or the design is damaged like wrong impression, double strike, off-center strike, die crack etc. are called defective coins. Due to the unique design of these flawed coins, large amounts of money can be obtained as these types of coins attract collectors who are ready to pay good money.
Those coins which have ceased to be legal tender or are no longer used in everyday transactions are called Obsolete coins. In India, all the coins of less than 1 rupee have gone out of circulation like 1 paisa, 2 paisa, 5 paisa, 10 paisa, 20 paisa, 25 paisa, 50 paisa. Although according to the Reserve Bank of India (RBI), 25 paise and 50 paise coins are still not banned, but like other coins, these two have also stopped being used in everyday transactions.
Limited edition coins are coins that are issued in limited numbers to commemorate special occasions, specific events, individuals or anniversaries like ₹100 coins, ₹250 coins, etc.
- The central government had issued ₹100 coins to commemorate the completion of the 100th episode of Prime Minister Narendra Modi’s “Mann Ki Baat” radio series.
- ₹150 commemorative coins were launched in the year 2019 by Prime Minister Narendra Modi on the occasion of the 150th birth anniversary of the Father of the Nation Mahatma Gandhi. These coins had Gandhiji’s portrait engraved on one side and the Ashoka Pillar engraved on the other side.
- The Government of India issued ₹10 coins in the inaugural year of International Yoga Day in 2015. In which a picture of a person doing yoga was printed on one side and the Ashoka Pillar on the other side.
Some ancient or medieval coins, especially those of the Gupta Empire, Maurya Empire, Mughal period, Greek, Roman or British period, are counted among the Antique coins. If the condition of these ancient coins is good or there is minimal damage, then there is a demand for such coins among collectors or museums and they are ready to pay crores of rupees for it.
If you also have such special coins then congratulations, you can become rich very soon by selling them. All you need is to find the right buyer and a fair price to sell these precious coins. To sell these old coins and get the right price, it is very important to have correct information about old coins.
The demand for these types of coins is much higher than the face value in the market. The demand for these coins is very high among collectors and they buy these coins by paying many times more.
If you are looking for a suitable buyer, then make sure to check your coins thoroughly before selling them to any buyer because there are many fraudsters and fake people in the market who can dupe you.
Here you are given the number of the person who can buy your coins at the right price and who will provide you the actual price for your rare and precious coins and notes – 93396 – 19009
FAQ – Different types of old coins
What is the age of Coin?
The coins are approximately 2500 years old, with the earliest known Lydian Lion coin minted in the 7th century BC. Standardized coins in the world began with the Lydian Lion Coin. Lydian was an ancient kingdom in what is now known as the country of Turkey.
Who used the first coin in India?
The oldest coins in use in India are silver punch-marked coins struck by other empires such as Magadha, Kosala and Kuru from the 7th century BCE, which are the first coins in India. These coins were minted in punch or geometric shapes.
Who is the father of Coins?
Sher Shah Suri is considered to be the father of old coins in India. He is credited with introducing the first silver coins in India during his reign from 1540 to 1545.
What is the oldest coin in the world?
The Lydian Lion coin, dating from the 7th century BC, is believed to be the oldest known coin in the world as the Lydian Lion was the first coin minted as a standardized coin. Lydian was an ancient kingdom in what is now known as the country of Turkey.
What is the oldest coin in India?
The oldest coins in use in India are silver punch-marked coins struck by other empires such as Magadha, Kosala and Kuru from the 7th century BCE, which are the oldest coins in India. These coins were minted in punch or geometric shapes.