Just One Rupee for an iPhone? The Rare Coin Behind This Viral Deal Will Shock You

A viral video on social media has left netizens stunned after a shopkeeper was seen offering a premium iPhone for just one rupee — on one condition: the buyer must possess a rare one-rupee coin from the year 1970.

In the video, the shopkeeper can be seen holding a shiny iPhone and announcing that anyone who brings him a 1970 one-rupee coin can take the phone by paying just one rupee. No instalments, no extra charges — just one old coin.

The video spread rapidly across platforms, leaving people amazed as to how a smartphone worth nearly ₹80,000 could be offered in exchange for a single rupee coin.

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Later, it was revealed that there is a fascinating historical reason behind the unusual offer. In 1970, the world faced a severe shortage of nickel, causing its price to rise nearly five times. As a result, only a limited number of coins were minted that year.

Experts say that only around 2,900 one-rupee coins were produced in 1970, making them extremely rare today. From 1971 to 1974, the Reserve Bank of India even stopped minting one-rupee coins altogether.

These coins were made of pure nickel and are now highly sought after by collectors. On online marketplaces like eBay and other auction platforms, these coins are being sold for prices ranging from ₹20,000 to over ₹1 lakh. One recent listing even quoted the coin at more than ₹1 lakh.

That is why, for the shopkeeper, the rare coin is far more valuable than the iPhone itself. If anyone happens to have a 1970 one-rupee coin lying forgotten in a cupboard or drawer, they could be sitting on a small fortune today.