If you possess a ₹20 Indian currency note featuring the serial number “786,” you might be holding a collector’s item of significant value. Such notes are considered auspicious in certain cultures and are sought after by collectors, potentially fetching prices much higher than their face value.
Summary Table: ₹20 Currency Note with 786
Feature |
Details |
|---|---|
Note Denomination |
₹20 |
Serial Number |
786 |
Potential Value |
Up to ₹2,00,000 or more, depending on condition and demand |
Selling Platforms |
eBay, ClickIndia, CoinBazzar, Old Indian Coins |
Key Value Factors |
Serial number, note condition, rarity, year of issue, RBI governor’s signature |
Cultural Significance |
Considered auspicious in Islamic tradition |
Official Resources |
Understanding the Value of 786 Serial Number Notes
Cultural Significance of 786
In Islamic tradition, the number 786 is often associated with the phrase “Bismillah al-Rahman al-Rahim,” meaning “In the name of Allah, the Most Gracious, the Most Merciful.” This association renders currency notes bearing the 786 sequence particularly valuable to collectors and individuals who hold the number in high esteem.
Market Demand and Pricing
The demand for notes with the 786 serial number has led to a burgeoning market where such notes are sold at prices significantly exceeding their nominal value. For instance, a ₹20 note with this serial number has been listed for as much as ₹2,00,000 on platforms like ClickIndia . Similarly, eBay listings have showcased such notes with asking prices around $1,200 . However, actual sale prices can vary based on factors like the note’s condition, rarity, and the buyer’s interest.
Key Features That Enhance Value
To maximize the potential value of your ₹20 note with the 786 serial number, consider the following attributes:
- Serial Number: The presence of “786” in the serial number is crucial.
- Condition: Uncirculated or crisp notes are more valuable.
- Rarity: Notes from limited print runs or with unique features can fetch higher prices.
- Signatures and Year: Notes signed by certain RBI governors or from specific years may be more sought after.
Platforms to Sell Your 786 Serial Number Note
If you’re looking to sell your note, several online platforms cater to collectors:
- eBay: A global marketplace where collectors search for rare currency notes.
- ClickIndia: An Indian classifieds platform where sellers have listed ₹20 notes with the 786 serial number for lakhs of rupees .
- CoinBazzar: Specializes in collectible coins and notes, including those with auspicious serial numbers .
- Old Indian Coins: Offers a range of old and rare Indian currency notes for collectors .
Steps to Sell Your Note
- Evaluate the Note: Ensure it has the 786 serial number and is in good condition.
- Research Market Prices: Check listings on the platforms mentioned to gauge current market rates.
- List the Note: Create a detailed listing with clear images, highlighting the serial number and condition.
- Engage with Potential Buyers: Be responsive to inquiries and negotiate terms carefully.
- Secure Payment: Use trusted payment methods to avoid fraud.
Frequently Asked Questions (FAQs)
Q1: Is it legal to sell currency notes in India?
A. Yes, selling currency notes as collectibles is legal in India. However, it’s essential to ensure that the transaction doesn’t involve counterfeit currency and adheres to the guidelines set by the Reserve Bank of India.
Q2: How can I verify the authenticity of my note?
A. Authenticity can be verified by checking security features like watermarks, security threads, and the quality of printing. For high-value transactions, consider getting the note authenticated by a professional numismatist or a reputable dealer.
Q3: What precautions should I take when selling online?
- Use reputable platforms with buyer and seller protections.
- Avoid sharing personal information unnecessarily.
- Be cautious of offers that seem too good to be true.
- Secure payments through trusted methods before dispatching the note.
Q4: Can I sell other denominations with the 786 serial number?
A. Absolutely. Notes of various denominations with the 786 serial number are sought after by collectors. The value depends on factors like denomination, rarity, and condition.
Q5: Are there other serial numbers that are valuable?
A. Yes, serial numbers that are palindromic, have repeating digits, or significant sequences (like 123456) can also be valuable to collectors.
If you have a ₹20 note with the 786 serial number, now might be an opportune time to explore its potential value in the collectors’ market. Ensure you conduct thorough research and engage in safe transaction practices to maximize your returns.
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