Silver Buyback Guarantee

Chotteylal and Sons Buyback Guarantee

999 Purity Guarantee

Complete Transparency

Legacy Since 1950

How It Works

Bring Your Coin

Visit any Chotteylal & Sons showroom with your original 999 pure silver coin and purchase receipt if available.

Verification and Rate

Our team verifies the coin for purity, weight, and condition, then fetches the prevailing silver spot rate for that day.

We Make an Offer

Offer is calculated as Weight × Prevailing Silver Rate. The offer is transparent and itemised.

Payment

Once accepted, payment is credited to your bank account within 7 working days via secure bank transfer.

What is the Chotteylal Buyback Guarantee?

At Chotteylal & Sons, we believe silver is not just a gift — it is a store of value you pass on through generations. Every eligible 999 pure silver coin purchased from us comes with our written Buyback Guarantee. Whenever you choose to liquidate your silver, walk into one of our showrooms with the original coin, and we will buy it back at the prevailing silver market rate on that day. No middlemen. No hidden deductions on silver value. No hassle.

Accepted for Buyback

All plain 999 pure silver coins (round, bar, dollar, or floral shapes)
Large denomination coins: 50g, 100g, 200g, 500g, and 1 kg
MMTC-certified silver coins purchased from Chotteylal & Sons
3D finish silver coins (antique, textured, or embossed surfaces)
UV-printed customised coins with names, logos, or photographs
Ceremonial coin sets and musical gift box silver coins
Coins originally billed from either of our two showrooms
Coins in original, undamaged, tamper-free condition

Not Accepted for Buyback

Coins not originally purchased from Chotteylal & Sons
Scrap silver: broken pieces, melted lumps, cut coins, or filings
Damaged coins: bent, scratched, polished, drilled, soldered, or altered
Coins that fail our 999 purity verification on XRF testing
Coins below 999 purity such as 925 sterling, 900, 950, or mixed alloys
Silver jewellery, utensils, idols, or articles other than investment coins
Coins that have been tampered with or show signs of alteration
Counterfeit or fake coins identified during purity verification

Non-Recoverable Charges

The following charges paid at the time of purchase are not part of the silver metal value and are therefore not included in the buyback offer.

Making charges
GST paid at purchase
Dye or minting charges
UV printing charges
Shipping or delivery charges
Box or packaging charges

Terms and Conditions

The coin must be in original, undamaged, unaltered condition. No bends, dents, deep scratches, polishing marks, or structural changes.
The original purchase invoice is preferred. Not mandatory for plain coins above 10g, but helps speed up verification.
Buyback is available only at our physical showrooms in Karol Bagh and Gurugram. No courier, online, or third-party requests accepted.

Every coin is tested using XRF purity testing. We reserve the right to decline buyback if the coin fails purity verification or shows tampering.
The silver buyback value will be calculated based on the current silver exchange rate on the day of return.
Only the registered buyer or an authorised family member with valid ID and authorisation letter can execute the buyback.
Payment is made strictly by bank transfer to a verified bank account in the name of the seller. Cash payouts are not made for buyback transactions.
For buyback offers above ₹2,00,000 in a single day, PAN card is mandatory as per Government of India norms.
All payments will be processed only via bank transfer within 7 working days from the date of verification.

Visit Our Showrooms

Karol Bagh — Flagship Store

1st Floor, 5 Pusa Road, Karol Bagh, New Delhi – 110005

Open 7 Days, 10:30 AM to 8:00 PM

Gurugram — Good Earth City Centre

Shop 170, Good Earth City Centre, Sector 50, Gurugram – 122011

Open 7 Days, 10:30 AM to 8:00 PM

Frequently Asked Questions

Will I get back the exact amount I originally paid?

Not necessarily. The buyback is based on silver metal weight multiplied by the prevailing market rate on the day you sell back. If silver prices have risen, you may receive more. If they have fallen, you may receive less. Making charges, GST, and packaging charges are not refunded as these were service costs, not metal value.

What if I have lost the original invoice?

For plain 999 silver coins above 10g, the invoice is preferred but not mandatory. Our team can usually retrieve your purchase record using your name and registered mobile number. For coins below 10g, the invoice is required.

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