NGC Certifies 20 Millionth Coin
Posted on 5/19/2010
NGC, the most-preferred certification and grading company in numismatics, announced today it has reached an unprecedented industry milestone — 20 million coins graded. NGC is the first coin grading company to arrive at this historic number and it underscores NGC’s position as the industry leader and guardian of numismatic interests around the world.
Mark Salzberg, chairman of NGC, is excited about the 20 million mark but says the company is more thrilled about what the milestone represents. "We would not be here without the support and trust of the numismatic community," said Salzberg. "We are so grateful to the collectors and dealers who have entrusted their passions and livelihoods with us."
NGC has played a major role in the rapidly expanding coin industry from the perspective of both collectors and dealers. As an objective third-party coin grading source, NGC has been instrumental in establishing standards for authenticity and condition that contribute to consistent, accurate methods of valuation. This has added a level of confidence and protection to the industry and added liquidity to the collectible coin market. According to Salzberg, the absence of subjective opinion is a key component in the global growth of the coin collecting industry.
Despite a challenging economy, the company’s growth is evident. NGC has received coin submissions from 43 different countries. Submissions span 2,600 years in history, including ancient coins from as early as 600 B.C. NGC certified the single most valuable graded coin ever sold, the finest known USA 1804 $10 gold coin. Within just the past year, NGC certified the South Africa 1898 Single 9 Pond, the China 1910 Yunnan Dollar, the Russia 1755 Pattern 20 Roubles and the Ecuador 1862 Quito GJ 50 Francos, each among the most important and valuable African, Asian, European and South American coins, respectively. In addition, auctions of certified coins around the world continue to achieve results at or above expectation, even as other auction genres suffer.
"While 20 million graded coins is a huge accomplishment and we celebrate it, we really are focused on the future," said Salzberg. "We look forward to continuing to push the industry envelope to develop and implement innovations that benefit not only our loyal customers, but the hobby as a whole."