NGC Grades 30 Millionth Coin
Posted on 4/15/2014
Numismatic Guaranty Corporation® (NGC®) graded its 30 millionth coin this week and is the first third-party coin grading service to reach this important milestone.
There has been extraordinary demand for NGC certification in world markets — as well as strong growth domestically. Over the last four years, NGC graded more than 10 million coins, and in the process, became the first certification service to break the 20- and 25-million-coins-graded barriers.
"This has been an unprecedented period of growth for NGC certification, and we are honored to be the world's largest and most trusted third-party coin grading service," said NGC Chairman Mark Salzberg. "The number of coins a certification service has graded is a key indicator of market acceptance, which is something every collector and dealer looks at when they sell a coin."
NGC is rapidly expanding internationally as more collectors and dealers around the world choose NGC to authenticate, grade and encapsulate their coins. Last year, NGC opened offices in Munich and Shanghai, and in January, the company launched a Hong Kong submission center. NGC now has locations in the United States, Hong Kong, Germany, Switzerland, China, South Korea, Singapore and Taiwan.
World coins now comprise the fastest-growing segment of NGC certification. These submissions represent remarkable diversity and reveal the global acceptance of NGC grading. To date, NGC has graded nearly 800,000 Chinese coins, more than 350,000 South African coins, nearly 300,000 Australian coins, more than 200,000 Canadian coins and nearly 150,000 British coins.
"As NGC grows, we remain committed to the fundamentals that have led us to this position," said Salzberg. "We have not sacrificed our integrity or diluted our expertise, and we continue to embrace our philosophy to always do the right thing for collectors and dealers."