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Own a special Rs 1 coin? You can earn up to Rs 2.5 lakh by selling it online, check process | Personal Finance News

New Delhi: The demand for collectable previous and uncommon cash and notes is on the rise for the previous few months. Collectors with uncommon currencies are selling previous cash and notes for lakhs of rupees. For occasion, a special Rs 1 coin is selling for up to Rs 2.5 lakh, in accordance to stories.

The coin that we’re speaking about right here is a 1985 Rs 1 coin with an H mark on it. One such coin was reportedly offered at a excessive worth a few years in the past. So, should you’re in possession of 1 such coin, you could possibly make lakhs by sitting on the consolation of your house. 
 
What makes the Rs 1 coin extra special is that it was first introduced into circulation in 19821 and was final minted in 1991. The cash are stated to be minted of stainless-steel and weighed about 4.85 grams.

The Rs 1 coin sports activities earrings of the corn on one facet and the Ashoka Pillar on the opposite. One can clearly see India written on the coin in each Hindi and English. The coin was minted in 4 Indian mints in addition to two mints outdoors the nation – one at Llantrisant (UK) and the opposite at Heaton mint (UK).

However, the special coin that we’re speaking about isn’t the same old Rs 1 coin that was the 1985 H mark as a result of these cash are fairly widespread. The one which was offered for Rs 2.5 lakh as a result of it wasn’t issued for public circulation, however was a trial Off Metal Strike (OMS) coin.

OMS coin, because the title suggests, is a coin minted with a completely different metallic than cash in circulation. The Rs 1 coin that was auctioned off for Rs 2.5 lakh was minted in pure Copper solely whereas different cash in circulations have been product of a combination of Copper-Nickel. Also Read: PM Kisan: Farmers could get 10th instalment before New Year, here’s how to check status

According to a report by DNA, you can promote the coin on Indiancoinmill.com, the place you can submit the advert for selling the special forex. Once you posted the free advert, clients will begin contacting you with their gives. You can negotiate with them earlier than selling the coin that might have been with you in all probability for years, if not many years. Also Read: Avenge the dinosaurs with asteroid defence mission: SpaceX chief Elon Musk tells NASA

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