Are Nizam-era coins and notes valuable?

Some are sought after by collectors, but value depends on the specific issue, its rarity and its condition. Many are fairly common. Get more than one quote and compare with current listings before you sell.

Does RBI certify or buy old coins?

No. RBI does not buy, sell or certify old coins and notes and charges no fees for them. Offers that use RBI’s name and ask for payment first are frauds.

How can I tell if an old silver coin is fake?

Check the weight against a reliable reference, look for soft or blurred detail and casting seams on the edge, and use a magnet — silver is not magnetic. For anything valuable, get an experienced collector or dealer to examine it.

Is it safe to sell collectibles to strangers?

Yes, with sensible precautions: meet in a busy public place in daylight, let the buyer examine the item there, and take payment in person. Never pay a fee to a buyer or share an OTP.

Where to Sell Collectibles in Hyderabad

Where to Sell Collectibles in Hyderabad – Old Coins, Notes & Antiques

Hyderabad State issued its own coins and notes under the Nizams, and they still turn up in family collections alongside British India coins, stamps, bidriware, old brass, silver and furniture from the Old City around Charminar and Laad Bazaar.

If you are wondering where to sell collectibles in Hyderabad, or want to buy them, a face-to-face deal with a local collector is the safest route. Listing is free, with no commission and no fees.

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Where to sell collectibles in Hyderabad

To local collectors. A free listing lets collectors across Hyderabad and Secunderabad see your items, examine them in person and pay you directly.
Old City dealers. The lanes around Charminar and Laad Bazaar have long traded in antiques, curios and old silver. Dealers need a resale margin, so treat their offer as a floor, not the ceiling.
Collector meets and fairs. Coin and stamp fairs happen from time to time and are useful for learning prices before you sell.

Do not fall for the “old coin buyer” scam

A widespread fraud promises lakhs for an old coin, a Nizam note or a “786” note, then asks for a registration fee, tax, processing charge or an “RBI certificate” fee before paying. It is always a scam: genuine buyers never charge the seller. The Reserve Bank of India does not buy, sell or certify old coins and notes, and has publicly cautioned people about fraudsters using its name. Never pay anything to sell, never share an OTP and never scan a QR code to “receive” money. A buyer you meet in person, who examines the item and pays on the spot, is the safe alternative.

Authenticity and condition

Leave coins uncleaned. Polishing destroys collector value.
Condition is everything. Sharp inscriptions, original lustre and no rim damage matter more than age. Hyderabad State coins carry Urdu inscriptions, so compare with reliable reference photos.
Copies are common. Old silver coins are often cast or struck copies. Check weight, sharpness and the edge; silver is not magnetic.
Notes and stamps. Look for folds, pinholes, tears, stains and toning.
Antiques and bidri. Genuine bidriware has real silver inlaid into a blackened metal body; designs that look painted or printed on are imitations. The Salar Jung Museum is a good place to see what fine old pieces actually look like.

Pricing, law and selling tips

Compare with current listings and more than one dealer quote, and distrust any online claim that an ordinary coin is worth a fortune. Genuine antiques over a hundred years old may fall under the Antiquities and Art Treasures Act, 1972, which restricts sale and bars export. When selling, photograph both sides in daylight, state the year, ruler and condition honestly, and meet buyers in a public place. Read our guide to selling art & collectibles, see coins & stamps across India, or post a free ad. Also browse furniture in Hyderabad and all Hyderabad listings.

Frequently asked questions

To collectors through a free local listing, to dealers in the Old City, or at coin fairs. Collectors usually pay more than dealers, and meeting in person means you are paid on the spot without any fees.

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