NGC Vice President Ken Krah provides an update on the world coin department.
In the last decade NGC has experienced tremendous growth internationally as collectors and dealers throughout the world realize the value of NGC certification. We now have seven full time world coin graders along with a number of consultants, which results in the most accurate and consistent grading possible. As we finish another successful year, I wanted to take this opportunity to introduce you to our world coin grading team.
Jay Turner, Alex Moulinos and I are the primary classic world coin graders and we see every world coin struck prior to 1970 that is submitted to NGC. Our modern world coin department is led by David Camire, who is assisted by Michael Corley, Dan Huntington and Alex Hatch. We also frequently consult outside experts in a variety of specialties. Most recently, we hired Peter Anthony—a well known expert in modern Chinese coins—to serve as a consultant.
A few of our graders previously worked as coin dealers, and most have been with NGC for a number of years. I have been here for 25 years, David Camire for 13, Michael Corley for 10 and Jay Turner for 8. The collective experience and expertise of our world coin graders has resulted in NGC being recognized as the industry leader in grading and collector services.
As a result, NGC has grown to become the world’s preferred coin grading service. We have now certified more than 2 million world coins, and that number is expected to increase significantly over the next year. At recent shows in Seoul and Beijing more than 90% of the certified coins were graded by NGC, further solidifying NGC’s status as the market leader in Asia. NGC now has affiliates in China, Korea, Taiwan, and Singapore as well as satellite offices in Switzerland and Germany.
NGC has certified a number of outstanding world coin rarities in the past few years, including the only two certified Chinese coins to break the million dollar barrier at auction. There were many stellar world coins submitted in 2012, but a few were particularly exceptional. In April we certified two exceedingly rare South African patterns, one of which—an 1887 Bronze 1 Kroon—is believed to be unique. Several months later we graded an Irish 1938 Penny SP 66 BN, a coin that is known by a mere two examples. Just a few weeks ago we graded 12 spectacular Polish gold coins from the 19th century that will be sold at auction in February.
As we expand our world coin department in the future we will continue to provide the same expert grading that has made NGC the trusted authority for world coin certification. On behalf of the entire NGC world coin grading team, I would like to thank all of you for your support.