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<p>[QUOTE=&quot;Croatian Coin Collector, post: 25468134, member: 153043&quot;]A really interesting coin is up for auction in a few days in India, but today I found out about this: <a href="https://lawrato.com/criminal-legal-advice/selling-old-coins-to-any-foreign-country-or-any-foreigner-90447#:~:text=Therefore%2C%20if%20an%20old%20coin,license%20from%20the%20competent%20authority" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://lawrato.com/criminal-legal-advice/selling-old-coins-to-any-foreign-country-or-any-foreigner-90447#:~:text=Therefore%2C%20if%20an%20old%20coin,license%20from%20the%20competent%20authority" rel="nofollow">https://lawrato.com/criminal-legal-advice/selling-old-coins-to-any-foreign-country-or-any-foreigner-90447#:~:text=Therefore, if an old coin,license from the competent authority</a>.</p><p><br /></p><p><b>&quot;According to The Antiquities and Art Treasures Act, 1972, any antiquity or art treasure which is over 100 years old is protected under the act, and its export is restricted without a license from the competent authority. The term &quot;antiquity&quot; includes any coin</b>, sculpture, manuscript, painting, or any other work of art or craftsmanship.</p><p>Therefore, if an old coin is more than 100 years old, it falls under the definition of &#039;antiquity&#039; and is subject to the provisions of The Antiquities and Art Treasures Act, 1972. The Act makes it illegal to export any antiquity without a license from the competent authority.</p><p><br /></p><p>As per Section 7 of the Act the competent authority in India for issuing licenses for the sale of antiquities is a licensing officer. Therefore, if you wish to sell an old coin to a foreigner, you will need to obtain a license from the licensing officer.</p><p><br /></p><p>Additionally, for the export of antiquities to a foreign country Section 3 of the Act states that on and from the commencement of this Act, it shall not be lawful for any person, other than the Central Government or any authority or agency authorized by the Central Government in this behalf, to export any antiquity or art treasure.</p><p><br /></p><p>Moreover, if the coin is not an antiquity, its export may not require a license, but it is always advisable to check the relevant laws and regulations before exporting any item out of the country.</p><p><br /></p><p><b>Thus, it is generally not legal to sell an old coin to a foreign country or a foreigner without obtaining the necessary licenses and permissions from the competent authorities, as per The Antiquities and Art Treasures Act, 1972.&quot;</b></p><p><b><br /></b></p><p><b><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></b>[/QUOTE]</p><p><br /></p>

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