Can I send coins internationally from India?

Can I send coins internationally from India?

may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. may take or send outside India (other than to Nepal and Bhutan) commemorative coins not exceeding two coins each.

Can I send coins internationally?

Yoy may send coins to abroad by insured Parcel. Pack the coins in a strong wooden or iron box properly with the help of packing materials like thermocol etc .

Can we sell old coins outside India?

All coins and notes that are more than 100 years old cannot be sold to/taken out of India. However, you can trade them within India.

How can I send old coins to USA?

How to safely send collectable coins by courier

1. Before shipping, wrap the coin with paper or cling film.
2. Put it in a padded envelope or a small box filled with cushioning materials.
3. Seal the package and label it if needed.

Is it legal to sell Indian coins?

Can we send coins through courier?

(Other than value payable letters containing Railway receipt, bills invoices, documents etc. Coin, bullion, platinum, precious stones, Jewellery, government currency notes or bank notes and articles of gold or silver may be sent by post only in insured letters, insured parcels.

Do banks buy old coins?

Why Your Bank Is Probably the Best Place to Cash In Coins. Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers.

Does RBI buy old coins?

For selling old banknotes and coins, people are asking for fees/commissions or taxes. The Reserve Bank has said in its statement that it is not involved in any such activity and will never ask for any fee or commission from anyone for such transactions.

How do you sell collector coins?

Among the most widely used options for selling rare coins is direct to a rare coin company or coin dealer. That may possibly include the source from which you first acquired your collection. Or you can sell them to an acquaintance, friend, or family member.

Do RBI buy old coins?

Cautioning the general public “not to fall prey to fictitious offers of buying/ selling of old banknotes and coins,” the RBI said the central bank does not deal in such matters, and “never seeks charges/ commissions of any sort.” …

What do ancient coins of India hold clues to?

Ancient coins of India hold clues to this country’s rich cultural past. Scholars believe that the Greeks introduced to India the idea of using coins for commerce. It is interesting to note that even in the earlier times merchant guilds have been crossing the trade routes to and fro the Indian subcontinent.

What is the history of portraits on Indian coins?

Ancient Kushan coins are often adorned with the portraits of Shiva and Buddha. Around 230 BC, the Satavahanas or the Andhras settled in Southern and Central India. In the history of Indian coinage, Satavahana coins are the first to feature portraits of kings.

When was the punch marked coinage introduced in India?

In 7th century BC, the ancient Indian kingdoms adapt the use of punched coins from foreigners who traded in the subcontinent. The use of the punch-marked coinage extends until 2nd century BC during the Mauryan Empire. These coins reflect the impressive Mauryan art.

Can I Sell my coin collection?

You’ve inherited a coin collection, and you would like to sell it. Unfortunately, there are a few “sharks” in the coin collecting hobby that would love to take advantage of you. The good news is that these unscrupulous coin dealers are few and far between.