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Monday, 23rd March 2009 (932 views)

Purchasing antique gold coins is growing in popularity across India, it has been claimed.

The Coin Exhibition 2009, which was organised by the Madras Coin Society and took place this week, saw a large number of collectors buying and selling old currencies, Express Buzz reports.

President of the organisation R Vaidyanadhan stated that competition in the market has increased, due to a new generation of investors showing interest in purchasing coins.

"The cost of a 7.5 gram gold coin of the Vijayanagara Empire was around Rs 10,000 (£136.50) to Rs 15,000 fifteen years ago and today it is around Rs 1.50 lakh," he told the news source, adding that the price of examples from the Kushana period has also risen.

Gold coins are also growing in popularity elsewhere in the world, with traders at the recent American Numismatic Association National Money Show reporting high interest in such items.

 

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