April 30, 2025 | 11:08 pm
TEMPO.CO, Jakarta - Withdrawing old banknotes from circulation is something of a common practice among global states. Even so, not all holders exchange their old banknotes and coins for the new ones, leaving some denominations to become rare collectibles.
Once the exchange period for the withdrawn banknotes has passed, these currencies can no longer be redeemed at banks—but their value often increases among collectors who appreciate their antique appeal.
That brings up the curious question: “How to sell rare coins?” Find the answer about five ways to sell rare coins, as quoted from DetikFinance and OCBC.
How to Sell Rare Coins?
1. Advertise on Social Media
Social media isn't merely a platform to connect with friends and family, but also a powerful tool to sell rare coins. To maximize your reach, be sure to take high-quality photos of the coins and use relevant hashtags to attract collectors and enthusiasts.
2. Showcase It on E-Commerce
With e-commerce now an everyday part of life, selling rare coins through online marketplaces has become one of the most practical and accessible options. Similar to social media, showcasing high-quality photos of your coins can significantly boost your chances of attracting buyers, alongside a detailed description.
3. Join Rare Coin Communities
Another effective method is to connect with rare coin communities, both online and offline. While it may require more effort, it's entirely doable—start by exploring local groups in your city or searching through social media platforms.
4. Directly to Collectors
If you have particularly rare or valuable coins, consider reaching out to individual collectors. You can find them through referrals, online platforms, or collector events. Selling directly to collectors often eliminates middlemen, allowing you to negotiate better prices.
5. Rare Coin Sellers
The last reliable option is selling your rare coins to rare coin sellers. As they usually have a deep understanding of market value, you’ll have no worries about the coins being appraised inaccurately.
Can You Sell Rare Coins to the Bank?
According to OCBC and DetikFinance, you can’t sell rare coins to a bank in Indonesia—at least not if you're expecting a markup or collector’s value. Banks, including Bank Indonesia, only exchange old currency at face value, and only if it's still within the official redemption period.
If the rare coins or banknote denominations you hold are still eligible under this period, you can exchange them for the new circulating currency of the same nominal value.
Editor’s Choice: 7 Most Valuable Coins in History, Worth Millions
Click here to get the latest news updates from Tempo on Google News
7 Most Beautiful Banknotes in the World That Redefine Currency Design
4 jam lalu
Touted as the most beautiful currency in the world, these banknotes also help prevent counterfeiting through their intricate and complex design.
Four Banknote Denominations and Where to Exchange Them
9 jam lalu
Holders of four banknote denominations issued in 1979, 1980, and 1982 must exchange them before the final redemption deadline, April 30, 2025.
Bank Indonesia Withdraws Four Banknote Denominations
1 hari lalu
Bank Indonesia (BI) has withdrawn four denominations of rupiah banknotes from circulation, issued in 1979, 1980, and 1982.
Children's Snacks Found with Pork Ingredients, Fake Halal Labels Prompt KPAI Outcry
8 hari lalu
Nine children's snacks were identified by BPOM and BPJPH as containing non-halal elements, specifically pork-derived ingredients.
What Are the Biggest Currency Notes in Circulation in 2025?
21 hari lalu
This article will take you on a discovery of the current biggest currency notes in the world today, offering a glimpse into the history and evolution.
Smart Online Shopping: 6 Ways to Prevent Data Theft
54 hari lalu
While it offers convenience and efficiency, online shopping also comes with risks, particularly the potential theft of personal and financial data.
7 Most Valuable Coins in History, Worth Millions
16 Januari 2025
This article unveils the most valuable coins in history, highlighting not only their unique designs but also the historical value they carry.
Bukalapak Shuts Down Physical Goods Marketplace
8 Januari 2025
Bukalapak announced this change in business direction through an official blog post on Tuesday, January 7.
Top 5 Most In-Demand Jobs in Singapore, Salaries Included
21 November 2024
Here are five of the most in-demand jobs in Singapore.
Google Predicts Indonesia's Digital Economy to Grow by 13%, Driven by E-commerce Innovation
13 November 2024
The latest report by Google, Temasek, and Bain & Company, projects that Indonesia's digital economy will reach a GMV of US$ 90 billion in 2024.
