{"id":72512,"title":"Pure 🪙 - Bloomberg Terminal for certified rare coins (Numismatics)","tagline":"We provide real-time pricing data \u0026 analytics to numismatists about their certified rare coins.","body":"Hey everyone 🙂 [@Trey Benedict](https://bookface.ycombinator.com/user/1135457) \u0026 [@David Gordillo](https://bookface.ycombinator.com/user/1477652) here from [@Pure 🪙](https://bookface.ycombinator.com/company/29053) to talk about our recent app launch for physical certified rare coins (sorry crypto fans these are real coins).\n\n### **TL;DR:**\n\nWe have built the first aggregate index to provide the **$11B Numismatics industry** with real-time pricing \u0026 population data for all certified rare coins.\n\nCertified Coins are typically of higher value ($1k-$20m), that are authenticated and graded on a scale of 1-70 by services such as PCGS, NGC, \u0026 CAC. These are physical coins made from precious metals such as gold, silver, platinum, and palladium.\n\nThe current state of the industry is plagued with asymmetric information, fragmented databases, and steep learning curves, causing many market inefficiencies. Pure aims to tackle these problems, and provide transparency to the industry as a whole.\n\n### **⭐️ Team**\n\n[Trey Benedict](https://www.linkedin.com/in/treybenedict/) **(CEO)** UC Berkeley Econ + DS 23’\n\n* 10+ years of Numismatic experience at the Smithsonian, Heritage Auctions, KLRC \u0026 Tangible Investments.\n* Purchased, graded, and sold over $20m worth of Rare U.S. Certified Coins.\n\nDavid Gordillo **(CTO)** Dropped out to pursue Pure\n\n* Full-Stack Engineer \u0026 Security Specialist\n* Sneaker Automation Developer \u0026 Collector\n\nShoutout to [Harrison Resnick](https://www.linkedin.com/in/hres/) \u0026 [Carter Watts](https://www.linkedin.com/in/carter-watts/) as well for being a part of the founding engineering team \u0026 being fellow collectors of Comics \u0026 Cars!\n\n### **❌ Problem \u0026 Current State of Numismatics**\n\nSimilar to sports cards, highly valuable coins are certified by third-party graders such as PCGS, NGC, and CAC. These entities authenticate the coins and assign them a condition rating, which scales from 1 to 70.\n\nHowever, due to the nature of the industry, many problems arise for participants such as encountering:\n\n1. **Asymmetric Information** of Pricing, Population, and Provenance of Certified Rare Coins.\n2. **Fragmented Databases** with misaligned and outdated descriptions, difficulty of navigation, and data entry errors.\n3. **Steep Learning Curves** in Numismatics often lead new collectors to purchase overpriced or even counterfeit Certified Rare Coins.\n\n### **✨ Solution**\n\nPure has created the **first aggregate index** of all U.S.-certified coins, with over 7+ million historical auction records across 72,000 different types of rare coin varieties.\n\n![uploaded image](/media/?type=post\u0026id=72512\u0026key=user_uploads/1135457/bbb572b7-2646-41f6-8d21-f77607b626cf)\n\nSimply **Scan, Tap, or Enter** the certificate number associated with a certified coin to be able to view all associated pricing \u0026 population data.\n\n![uploaded image](/media/?type=post\u0026id=72512\u0026key=user_uploads/1135457/807d05f5-b331-4f68-bcb5-6da2c955c84d)\n\nPure has created an overview for **real-time tracking and analysis** of coin inventories, benefiting collectors, dealers, and auction houses.\n\n![uploaded image](/media/?type=post\u0026id=72512\u0026key=user_uploads/1135457/d940e71f-b95d-4374-b606-6d27c77b1403)\n\nPure goes beyond analyzing historical data, by identifying **valuable collector traits** such as toning, mint luster, and eye appeal through the use of computer vision.\n\n### **How \u0026 Why Numismatics?**\n\nWe are collectors at heart, whether it be sneakers, cards, comics, or coins we have always collected something since we were young. Numismatics is a small niche community that happens to be one of the largest by market size, but the least technically involved. Over the years we have witnessed the revolution of sneakers through StockX \u0026 Goat, to sports cards, pokemon \u0026 Funko through ALT \u0026 Whatnot. It was only a matter of time before rare coins... However, we needed to catch the infrastructure of Numismatics up to speed first before diving deeper, hence this launch!\n\n### 🔦 **Asks:**\n\nIf you are Numismatist or know a friend who is: test [here](https://apps.apple.com/app/collect-pure-scan-rare-coins/id6446706268) 🙂\n\nInterested in learning more about Numismatics or Bullion: send us an email to [founders@collectpure.com](https://mailto:founders@collectpure.com)","slug":"IrY-pure-bloomberg-terminal-for-certified-rare-coins-numismatics","created_at":"2023-06-24T21:44:02.861Z","updated_at":"2026-05-24T09:30:01.868Z","total_vote_count":27,"url":"https://www.ycombinator.com/launches/IrY-pure-bloomberg-terminal-for-certified-rare-coins-numismatics","share_image_url":"//bookface-static.ycombinator.com/assets/ycdc/yc-og-image-c440a0ad1dacfb86eeeb343717479cc54d256614449b4ef719977a0a451f8bc8.png","company":{"id":29053,"name":"Pure","slug":"pure","url":"https://www.collectpure.com/","logo":"https://bookface-images.s3.amazonaws.com/small_logos/a7d5b43cf42b46a6425da47dbd166eb9eb4f389a.png","batch":"Summer 2023","industry":"Consumer","tags":["Marketplace"],"search_path":"https://bookface.ycombinator.com/company/29053"}}