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Is selling old coins and notes legal in India ?


07-Dec-2023 (In Civil Law)
Hai sir..I have a doubt that I have some old coins and notes.. Indian coins.. If I get a deal for 18 lakhs for these coins..is it legal to sell the coins or after selling these, can I pay tax if it's legal
Answers (2)

Answer #1
566 votes
Yes you can sell old coins and notes in India and you can do so even online websites like eBay etc. However they can be sold like goods and to people like coin collectors and won't be a legal tender for exchange.
Advocate Samyak Raj

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Answer #2
160 votes
It is legal in India to sell old coins. There are some important regulations and points to keep in mind: Antiquities Act: The Antiquities and Art Treasures Act is applicable to old coins.
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Advocate Chikirsha Mohanty

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Comments by Users

Robin Pillay
I have old notes of 5 rupees and 100 rupees notes and 1 US dollar note ending with 786

indra
i have coin 1,2,5,10 and vasno devi

kumari nidhi
Is it legal to sell vaishno devi coin to abroad?

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