NGC Grades 2,000,000 Chinese Coins
Posted on 3/20/2017
Numismatic Guaranty Corporation (NGC) has announced that it has now certified 2,000,000 Chinese coins, a first for a third-party coin grading service. This milestone was reached a mere 18 months after NGC had certified 1,000,000 Chinese coins, a reflection of the significant growth that NGC has experienced in China.
NGC began operations in China in 2008 when it opened an Official Submission Center in Guangzhou. It has since invested millions of dollars to expand and enhance its services in the country. Just recently, NGC expanded its grading facility in the prestigious Xintiandi District of Shanghai to nearly 15,000 square feet. Modeled after NGC’s headquarters in Sarasota, Florida, the office boasts advanced security and climate-control features.
“Our goal is to continually provide collectors and dealers in China with better and more comprehensive third-party grading services,” says Steven R. Eichenbaum, CEO of NGC. “We will not rest on our laurels, but rather take each milestone as a challenge to make further improvements.”
The 2,000,000 Chinese coins graded by NGC include three pieces that subsequently sold for more than $1,000,000 as well as more than 1,000,000 Chinese Panda coins.
“We are truly humbled by all of the support that we have received in China,” adds Eichenbaum. “I am extremely grateful for the hard work of our Official Submission Centers, Strategic Partners and Authorized Dealers as well as for the trust that collectors have placed in our expert and impartial services.”
Submissions to NGC in China should be made through one of its five Official Submission Centers located in Guangzhou, Shanghai, Beijing and Xi’an. For a list of Official Submission Centers and to learn how to submit, visit NGCcoin.cn/Submissions.