NEW! Weekly Certified Coin Auctions? YES PLEASE
raritiesvalue
Posts: 48 ✭✭
For anyone who likes nice certified collector type coins, here are some good deals ending this weekend! This is RaritiesMarket's first online auction, weekly auctions ending every Sunday evening here on out.
This awesome $2.5 Indian in a PCGS OGH is at just $78!
A 1/10th ounce gold American Eagle proof at just $26!
A stunning lightly toned 1928 Buffalo 5C MS66 is at $4!
What do you all think about this site?
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Comments
I think this is spam that belongs in the Buy Sell Trade forum.
Best of luck, but your post belonged/belongs here, instead: https://forums.collectors.com/categories/buy-sell-trade-u-s-coins
Also, I don’t know what’s “awesome” about an MS62 common date $2.50 Indian and you’d better hope that the fact that it’s only bid at $78 is meaningless. 😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yup. The OP apparently only comes on here to pimp whatever it is he is working on/selling. Definitely should be paying our hosts for the exposure, given the bids the site is attracting on its own, even with 4 days to go. 🤣
...and not even a die punch break nickel.
Maybe you'll just have to buy it to find out. The one the OP is spamming is available at a great price!
All I can say is if I were in the market for any of these, I would most certainly not bid on them after seeing this.
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
Let's not be too hard on this startup -
WHITEWATER — Chad Tjugum, a sophomore in the entrepreneurship program at the University of Wisconsin-Whitewater College of Business and Economics has been awarded $15,000 for placing fourth in the Schulze Entrepreneurship Challenge e-Fest.
The money will fund a business venture called Rarities Market.
Tjugum, along with his co-creator Damian Tobias of St. Francis University, presented the winning business plan at e-Fest under the guidance of Dr. William Dougan, professor of management at Whitewater’s College of Business and Economics.
“Rarities Market stood out to our online judges as a ‘must-see’ team for the 2023 e-Fest Finals,” said Jennifer Gessner, Program Manager, e-Fest and Schulze School Programs, in a press release.
Out of 110 online submissions and nearly 300 students participating from 67 universities, Rarities Market made it to the prestigious Top 25 Finals in Minneapolis, MN. Rarities Market then achieved exceptional success at e-Fest, garnering recognition and awards for their outstanding performance.
Rarities Market is a platform for buying and selling rare coins, based on the description listed on the company’s website.
“Our goal with RaritiesMarket is to provide a safe and efficient marketplace for collectors and dealers to do business. Our mission is to create THE go-to certified coin marketplace for the rare coin industry, by facilitating transactions and creating a personalized and safe experience.”
e-Fest is a business competition that is designed to inspire the entrepreneurial spirit and foster innovation among young students. e-Fest challenges participants to think beyond the ordinary and create creative solutions to real-world problems.
Dr. William Dougan, management professor and faculty advisor for the student CEO group at UW-Whitewater had this to say: “Chad’s impressive performance beat competitors from schools like Dartmouth, Brown, Ohio State, and Auburn. This is the quality of students that we have at the College of Business and Economics—this is why we are Wisconsin’s largest business school. The CEO opportunities at UW-Whitewater, and our rigorous management programs are proven time and again to produce champions like Chad Tjugum. Chad is an impressive leader with a bright future ahead of him. We look forward to following his success well into the future.”
The success of the Rarities Market is not just an accomplishment of the students’ venture; it also reflects on the dedication and expertise of William Dougan and how he has guided and nurtured the team.
“Throughout e-Fest, Chad and Damian exhibited an unwavering commitment to their venture, resourcefulness, and a deep understanding of business strategies,” said Gessner said in the press release.
“They showcased remarkable problem-solving abilities and a strong aptitude for critical thinking, effectively addressing complex challenges with creative solutions. Moreover, their professionalism, resilience, and gratitude for the opportunity were much appreciated by our team,” she added.
All of that is very nice, and perhaps could go with a post about the business being formed. Or it could accompany a post advertising specific coins for sale on the BST.
Mis-categorization of this post aside, I do like some of the coins being offered. I'll probably make a few bids and see what happens.
Collector, occasional seller
@DisneyFan: thanks for the post; good info about this somewhat fledgling enterprise. Still, this belongs on the BST forum.
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Retired sets: Soaring Eagles
Copperindian
Don't disagree. It's possible this sophomore at Whitewater has a huge learning curve in front of him about coins and the coin business
not being able to un-check this on registration is going to hurt your participation rate.
Collector, occasional seller
college sophomore doesn't know what spam is?
Trying to start a new and innovative business that is exactly like Great Collections except without decades of experience and earned trust will probably not help either.
Nice clean website for a startup. As noted, they are pressing hard for a CC number. Not going to do that...yet.
My account is pending. Was able to get a Stacks account opened in a couple of minutes to bid on the error nickel.
Great to see new businesses. This one needs a bit of work at the front end.
Anyone read how something like this won 4th place at a competition when it appears to be a beginner version of GC?
Found this that expanded a bit on the business:
https://spectrumnews1.com/wi/milwaukee/news/2023/05/04/chad-tjugum-coin-collector
“This year, he launched “RaritiesMarket,” an alternative investing platform which allows collectors and investors to buy part-ownership in, and invest in, rare coins and other physical assets.
“I wanted to do something a little more, something that would hit a bigger market and, overall, just be more scalable,” said Tjugum. “A company that I can get into on the tech side, and really innovate a market, like coins, that hasn’t had a lot of innovation in the past.
“And so we started out trying to introduce rare coins as investments, through a sort of fractional ownership, taking ultra-rare coins and allow anyone to invest in them like there were stocks. I decided the barriers to entry for that were a little high. And we needed a way to bring something to market quickly.”
So he pivoted.
“So, the way we would be running the investment platform, we would basically be a custodian for the assets,” he said. “Collectors or dealers could bring us their coins and then we’d offer them on our platform and basically facilitate the transaction.”
He entered his business idea in the Schulze Entrepreneurship Challenge last week at the University of St. Thomas in Saint Paul, Minn.”
You mean like ebay or Stack's or Heritage or Great Collections or Scotsman or any number of other auction platforms? Wow, that's really innovative.
In honor of the memory of Cpl. Michael E. Thompson
That is such an awful and scary idea for any "investors" in so many ways.
Untested young innovator maintaining custody of assets and selling fractional shares? One thing goes wrong and it's a Ponzi scheme in the making.
Also, as an investment advisor, the idea of non-licensed and non-regulated 20 year olds giving "investment advice" is laughable.
Lastly, new innovation? There were well funded and experienced "coin investment" funds issued by legitimate businesses decades before this guy's birth and they all went belly up.
Sounds like a crypto/NFT type startup that should have started in 2021 when the craze for fractional ownership was at its peak and gone belly up about September 2022.
Start-ups are hard. Competition is good.
@raritiesvalue: you've raised $... you know first impressions are important.
Now here you are!
Casual collector, mostly Morgans & Peace Dollars.
That’s what I was thinking too. So I’m still wondering what actually got them a prize in the competition when none of this is new and it’s arguably bad for the hobbyist and investor.
My gut reaction is they got the prize because the evaluators are out of touch with everything or the folks who win prizes can blow smoke really well. Either that, or the baseline for scoring high was so low it was insane.
In honor of the memory of Cpl. Michael E. Thompson
@U1chicago @TomB
I don't follow. The OP is not asking for equity or debt investors rather but simply making the market aware of new products (which yes should be on BST Thread) which are TPG graded. And NO I have no affiliation with this company!
Casual collector, mostly Morgans & Peace Dollars.
The website being advertised, as shared in an earlier post, was part of some 4th place win at a business competition. Looking up the competition and the info about the business combined with how this thread was made, does not provide much confidence in the product.
harsh
one thing no one has pointed out yet, and it's noticeable
Good Coin Photos are Required and are Hard To Do
the images shown are severely lacking. first, they are poorly lit. as many auction houses do, and I prefer, shots of the slab and closeups of the coins are done
there is hope here. there are small sized auctions out there. differentiation?
Unlike the judges apparently
I don't think this is necessarily a cause for banning. It's not like the guy is out here challenging everyone to a fight or is duplicitously promoting his own startup grading service like what we've seen in the past with others. Simply moving the post to the BST should be sufficient imo.
Also maybe cut the kid a bit of slack since he's just a sophomore. While it was a bit of a gaffe to start the post in this section of the forum, who hasn't made their fair share of missteps at his age?
What will happen if and when they start getting counterfeits?
Joe.
I don't think the end result would be worse than what happens on eBay on average when a counterfeit pops up there.
Rarely are academic comps for small dollars won by people developing new drugs. It's usually more about the business plan than any real "innovation" in the product.
Or college funded a great monitor in a toilet seat. That's really just a smart watch that you sit on. Lol.
Much bitterness towards the fellow for landing in the wrong forum. Believe that competition is good and may put pressure on the big three to cut the soaring transaction fees if this guy succeeds.
Sure...but this is now the third time with the same misstep (blatant advertising "disguised" as informational).
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Thanks