Top News

News India Live, Digital Desk: These days many reports on the internet are claiming that certain old notes of ₹ 10 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 value depends on its rarity, historical importance and condition. Is your ₹10 note ‘special’? (Key Features) Usually, only those notes are worth lakhs which have the following characteristics: 786 Serial Number: Many collectors consider notes with the number ‘786’ auspicious and are ready to pay a high price for it. Notes of British India: If the note is from before independence (like from the era of King George VI), then its value can be quite high. Misprint or error note: Errors made during printing, e.g. Missing serial number or double printing makes that note ‘antique’.Boat Note: Old ₹10 notes which had a boat on the reverse are in high demand.Governor Signature: Notes bearing signatures of certain governors (like C.D. Deshmukh) are also considered rare.The Process of Selling OnlineIf you have such a rare note, you can use these platforms These are: eBay, Quikr, and OLX: On these websites you can register as a ‘seller’ and upload clear photos of your notes. CoinBazzar and Scoins: These platforms are specially made for old coins and notes. Coin Exhibitions: Coin exhibitions are held from time to time in big cities, where you can directly meet ‘real buyers’. Beware: Frauds Beware! The Reserve Bank of India (RBI) has issued warnings from time to time 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 the note, then it is a fraud. A genuine buyer never asks for money up front. Fake Buyers: Beware of people posing as ‘RBI Authorized Buyer’ on social media.