Rare 100 Rupee Note with Serial Number 786 Sells for ₹6 Lakh: A Detailed Analysis, How to sell
The recent sale of a ₹100 currency note bearing the serial number 786 for an astounding ₹6 lakh has sparked significant interest among collectors and investors. This article explores the cultural significance, market dynamics, and practical insights surrounding such rare notes, drawing from verified reports and auction listings .
1. The Significance of the Number 786
The number 786 holds deep religious and cultural importance, particularly in Islamic traditions, where it symbolizes the phrase “Bismillah al-Rahman al-Rahim” (In the name of Allah, the Most Gracious, the Most Merciful). This association has made currency notes with this serial number highly sought after for their perceived blessings and auspiciousness . Collectors and believers often purchase these notes as tokens of prosperity, driving their market value far beyond their face value.
2. The ₹6 Lakh Sale: Key Details
The record-breaking sale mentioned in the viral news involved a Mahatma Gandhi series ₹100 note with the serial number 786 prominently displayed. According to OTVKHABER.IN, the note was sold via the online marketplace Quikr after the seller uploaded high-quality images and attracted competitive bids. The transaction underscores the lucrative potential of rare currency notes in niche markets .
3. Market Trends and Pricing Variations
While the ₹6 lakh sale is exceptional, prices for similar notes vary widely based on factors like condition, platform, and buyer demand:
- *eBay Listings: Notes with serial number 786 are frequently listed on eBay, ranging from *$48 (₹3,700) for circulated notes to $294 (₹22,800) for near-mint-condition specimens .
- *Discount Platforms: On *Collection Yatra, a note originally priced at ₹105,000 was discounted to ₹52,500, highlighting fluctuating demand .
- *Special Combinations: Notes combining 786 with other “fancy numbers” (e.g., *007786) may fetch higher prices due to their uniqueness .
4. How to Sell Such Notes
Sellers can leverage platforms like *eBay, **Quikr, or specialized sites like *Coin Bazzar to auction their notes. Key steps include:
- Registration: Create a seller account on the chosen platform.
- Documentation: Upload clear images of the note’s front/back and serial number.
- Pricing Strategy: Research recent sales (e.g., ₹6 lakh for pristine notes) and set competitive bids .
- Shipping: Use secure packaging and declare customs value for international buyers .
5. Factors Influencing Value
- Condition: Uncirculated or “near-mint” notes command premium prices .
- *Rarity: Serial numbers with repeated digits (e.g., *786786) or special prefixes increase desirability .
- Cultural Demand: Buyers from regions where 786 is considered sacred often drive up prices .
6. Risks and Precautions
- *Fraud Alert: The *Times Bull report cautions sellers to verify buyer credibility and avoid scams .
- Customs and Taxes: International sales may incur import duties or delays .
- Market Volatility: Prices can fluctuate based on trends, as seen in the ₹3 lakh to ₹6 lakh range .
Conclusion
The sale of the ₹100 note with serial number 786 for ₹6 lakh exemplifies the intersection of cultural symbolism and collectible economics. While such transactions are rare, they highlight opportunities for sellers to capitalize on niche markets. Prospective sellers should prioritize transparency, platform reliability, and thorough research to maximize returns while mitigating risks.
For further details, refer to auction platforms like eBay or specialized dealers such as Coin Bazzar .
