Cashing in on old coins and notes

Patience and passion can help you make a sizeable profit from an avocation. Here are five hobbies that can help you diversify your portfolio and earn high returns. Cashing in on coins and notes      When Suhas Kadam, an employee in the private sector, wanted to buy a house in 2009, he chose a unique way to fund the down payment—selling 252 ‘error’ coins that he had collected over 25 years. Hottest Gains and Return on Investment from Indian coin  Each coin had a minor error that had crept in when it was minted and was probably considered worthless at the time. But they helped Kadam earn 6 lakh on selling them. Coins as investment: “The returns from investing in coins and bank notes ranges from 20-30% on a year-on-year basis,” says Farokh S Todywalla, owner of Todywalla House, a Mumbai-based auction house. Agrees Shamji Vinchhi, a coin dealer who bought an East India Company coin of 1808 four years ago for 100, and which is now valued at 3,000.     Experts say the astronomical returns are because of demand and supply mismatch. The number of people showing an interest in numismatics has been rising, but the supply of antique coins hasn’t increased in the same proportion.     The other reason is that with the     increase in the value of gold and silver, the intrinsic value of old coins also rises. However, all collectors stress on one point: it isstrictly an interest-led investment. It would be foolhardy to collect coins only because of the potential returns. “Unlike other investment classes, coin collecting is illiquid and is not institutionalised,” says Harsh Dalal, regional head, Altamount Capital. Minting money: Experienced collectors suggest one should start by investing small amounts, about 1,000 a month.  “There are two ways of acquiring coins—purchasing them from a dealer or by sourcing them from coin and paper money exhibitions that are conducted by private collectors and traders,” says Dalal. Family and friends, besides jewellers, are also good sources.     While buying from a dealer, check if he has a licence and permit. Purchasing from an auction is always a better option as the chances of the product being authentic are higher. However, the prices generally scale up at auctions due to the aggressive bidding.     Most sellers offer a money-back guarantee if the coin is not genuine. However, in case the coin was bought at an auction, only the minimum bid price will be returned. The value of a coin does not depend only on its age, but on several other parameters, such as its condition, rarity and metallic value. You can take the help of various agencies to find out the true worth of your coin.     Uncirculated coins (or proof coins), which were minted for a collection or presentation, have greater value. “A common silver British Indian rupee would be worth 500, but its proof version would be available for 5,000,” says Todywalla.     To sell your coin, you can approach a dealer, an auction house or put it up on a website, such as eBay. Auctioneers charge around 10% of the total sales. Source:Economic Times 2011 End Edition 2003-IT Services Explosion  2008-Real Estate skyrocketed 2010-Yellow Metal Gold and Silver touched the Roof. 2012-2015 Hobbies ,Old Coins will shoot and attain the  maximum . Grandpacoins.in strongly believes the Future of  2012-2015  Coin Markets. Grandpacoins.in yet to launch a Survey on predictive markets of Numismatics. We strongly agree to invest an partly amount of 10% of your income on Hobbies especially Old coins and Notes.

ONE RUPEE ERROR COIN INTERSTING X +(X PLUS )SYMBOL ERROR

ERROR EXTREMELY RARE 2003 PLUS SYMBOL 1 COIN AND X ROTATIONAL ERROR EXTREMELY RARE.

 TO MY SURPRISE I FOUND ROTATIONAL ERROR AND PLUS ERROR IN THE ONE RUPEE 2003 COUPLE OF COINS.

Although these type of coins are banned by government on political Disagree, Still circulating in the market.

ONE RUPEE 2003 X PLUS ROTATION ERROR

X PLUS ROTATION ERROR ON ONE RUPEE 2003 COIN  XTREMELY RARE

                                                            Rotatinal Error Extremely Rare Rs 1499/-

ONE RUPEE CHARMINAR SILVER COIN

IN SIMPLE IT IS ONE RUPEE CHARMINAR SILVER COIN

MIR USMAN ALI KHAN ONE RUPEE 

818 SLVER 

AH 1341 YEAR SILVER COIN WITH CHARMINAR BACK SIDE

These coins are during the Hyderabad Ruling period .

                                                       Price Rs 2699/-

ONE Rupee Full Bundle 1985 Year

ONE RUPEE FULL SERIAL BUNDLE OF 1985 YEAR ( B RARE INSET)

ONE RUPEE FULL BUNDLE OF 1985 SERIAL BUNDLE

B is Rare Inset in 1985 Year. If Inset wise ,Year wise is your choice for collection . Don't wait Book your order . UNC price would be Rs 3,499/-

100 Rupee Dam Note Jaganathan Signature

100 Rupee Dam Note of Jaganathan

The Water Mark has three lions because it is earlier to Mahatma Gandhi on Water Mark.

About Governer Jaganathan: 

S. Jagannathan was the 10^th Governor of the Reserve Bank of India from 16 June 1970 to 19 May 1975.

                                              Available Notes: 4
                                  Depends on condition price Fixed Rs 1999/- top condition 

10 Rupee 2008 UNC coin

UNC :Uncirculated coin in the market.
10 Rupee coins of Bimetallic are not circulated mostly in the market during the Years of 2007,2008.
2010 Released RBI Mint Issue

2008 UNC Ten Rupee Bimetallic coin

Each coin Rs 120/-