NEW! Weekly Certified Coin Auctions? YES PLEASE

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raritiesvalue
raritiesvalue Posts: 48 ✭✭
edited October 3, 2024 7:55AM in Buy, Sell, & Trade - U.S. Coins

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.

auction.raritiesmarket.com

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?

Comments

  • MFeld
    MFeld Posts: 17,131 ✭✭✭✭✭
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    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.

  • NJCoin
    NJCoin Posts: 4,890 ✭✭✭✭✭
    edited October 2, 2024 12:33PM
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    @lermish said:

    @raritiesvalue said:

    What do you all think about this site?

    I think this is spam that belongs in the Buy Sell Trade forum.

    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. 🤣

  • airplanenut
    airplanenut Posts: 22,763 ✭✭✭✭✭
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    @MFeld said:
    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. 😉

    Maybe you'll just have to buy it to find out. The one the OP is spamming is available at a great price!

    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • hummingbird_coins
    hummingbird_coins Posts: 1,671 ✭✭✭✭✭
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    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

  • ChrisH821
    ChrisH821 Posts: 7,147 ✭✭✭✭✭
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    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

  • Copperindian
    Copperindian Posts: 3,374 ✭✭✭✭✭
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    @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
    Copperindian II
    Indy Eagles
    Gold Rush
    Bust Caps

    Retired sets: Soaring Eagles
    Copperindian
    Nickelodeon
    Early Walkers

    Successful transactions: redraider, winesteven, renomedphys, splitaces, oreville, ajaan, Cent1225, onlyroosies, justindan, blitzdude, DesertMoon, johnnyb, Heubschgold, SunshineRareCoins, ParadimeCoins, ndeagles, Southern_Knights, pcgsregistrycollector, BruceS

  • DisneyFan
    DisneyFan Posts: 2,965 ✭✭✭✭✭
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    @airplanenut said:

    @DisneyFan said:
    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.

    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.

    @Copperindian said:
    @DisneyFan: thanks for the post; good info about this somewhat fledgling enterprise. Still, this belongs on the BST forum.

    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

  • ChrisH821
    ChrisH821 Posts: 7,147 ✭✭✭✭✭
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    not being able to un-check this on registration is going to hurt your participation rate.

    Collector, occasional seller

  • MsMorrisine
    MsMorrisine Posts: 40,040 ✭✭✭✭✭
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    college sophomore doesn't know what spam is?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • lermish
    lermish Posts: 4,998 ✭✭✭✭✭
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    @ChrisH821 said:
    not being able to un-check this on registration is going to hurt your participation rate.

    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.

    chopmarkedtradedollars.com

  • DocBenjamin
    DocBenjamin Posts: 1,492 ✭✭✭✭✭
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    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.

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @lermish said:

    @ChrisH821 said:
    not being able to un-check this on registration is going to hurt your participation rate.

    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.

    Anyone read how something like this won 4th place at a competition when it appears to be a beginner version of GC?

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @U1chicago said:

    @lermish said:

    @ChrisH821 said:
    not being able to un-check this on registration is going to hurt your participation rate.

    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.

    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.”

  • TomB
    TomB Posts: 23,185 ✭✭✭✭✭
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    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.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • lermish
    lermish Posts: 4,998 ✭✭✭✭✭
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    @U1chicago said:

    @U1chicago said:

    @lermish said:

    @ChrisH821 said:
    not being able to un-check this on registration is going to hurt your participation rate.

    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.

    “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.”

    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.

    chopmarkedtradedollars.com

  • john_nyc1
    john_nyc1 Posts: 246 ✭✭✭
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    Start-ups are hard. Competition is good.
    @raritiesvalue: you've raised $... you know first impressions are important.
    Now here you are!

    Casual collector: Morgans & Peace Dollars & 20th Century Type Set. Successful BST transactions with ProofCollection, Morgan13, CoinFinder, CoinHunter4, Bretsan.

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @lermish said:

    @U1chicago said:

    @U1chicago said:

    @lermish said:

    @ChrisH821 said:
    not being able to un-check this on registration is going to hurt your participation rate.

    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.

    “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.”

    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.

    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.

  • TomB
    TomB Posts: 23,185 ✭✭✭✭✭
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    @U1chicago said:

    @lermish said:

    @U1chicago said:

    @U1chicago said:

    @lermish said:

    @ChrisH821 said:
    not being able to un-check this on registration is going to hurt your participation rate.

    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.

    “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.”

    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.

    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.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • john_nyc1
    john_nyc1 Posts: 246 ✭✭✭
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    @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: Morgans & Peace Dollars & 20th Century Type Set. Successful BST transactions with ProofCollection, Morgan13, CoinFinder, CoinHunter4, Bretsan.

  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @john_nyc1 said:
    @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!

    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.

  • MsMorrisine
    MsMorrisine Posts: 40,040 ✭✭✭✭✭
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    @U1chicago said:

    Anyone read how something like this won 4th place at a competition when it appears to be a beginner version of GC?

    harsh

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisine
    MsMorrisine Posts: 40,040 ✭✭✭✭✭
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    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?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • U1chicago
    U1chicago Posts: 6,993 ✭✭✭✭✭
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    @MsMorrisine said:

    @U1chicago said:

    Anyone read how something like this won 4th place at a competition when it appears to be a beginner version of GC?

    harsh

    Unlike the judges apparently :D

  • UncleJoe
    UncleJoe Posts: 2,552 ✭✭✭
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    What will happen if and when they start getting counterfeits?

    Joe.

  • TxCollector
    TxCollector Posts: 487 ✭✭✭✭
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    @UncleJoe said:
    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.

  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
    edited October 3, 2024 4:43AM
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    @U1chicago said:

    @MsMorrisine said:

    @U1chicago said:

    Anyone read how something like this won 4th place at a competition when it appears to be a beginner version of GC?

    harsh

    Unlike the judges apparently :D

    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.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • DocBenjamin
    DocBenjamin Posts: 1,492 ✭✭✭✭✭
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    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.

  • lermish
    lermish Posts: 4,998 ✭✭✭✭✭
    edited October 3, 2024 5:26AM
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    @jeffas1974 said:
    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?

    Sure...but this is now the third time with the same misstep (blatant advertising "disguised" as informational).

    chopmarkedtradedollars.com

This discussion has been closed.