A new international partnership has been established between the Professional Coin Grading Service (PCGS) and the New Zealand Mint, one of the first world mints to adopt the .9999 standard for gold coin purity.
Under the agreement PCGS will grade selected examples of the mint’s new commemorative and bullion issues, such as the gold Kiwi bullion coins, and will establish a submission center at the mint in Auckland, New Zealand for the convenience of local collectors and dealers to submit coins for PCGS certification.
"PCGS is pleased to partner with the New Zealand Mint to allow submissions of vintage as well as modern commemorative issues for authentication and grading. This will help expand the use of third-party certification there.
The New Zealand Mint has been producing coins of the highest quality for over four decades and is justifiably proud of its design and production work," said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
Gary McNabb, Managing Director of New Zealand Mint LTD, commented:
"We are excited about the opportunity to partner with PCGS to implement coin grading in New Zealand. PCGS is the standard in the USA and will enhance awareness and interest in the secondary coin market in New Zealand.
The New Zealand Mint’s location on Greys Avenue in Auckland will be the collection point for coin collectors and dealers seeking to add the value of certification to their collections."
He said the new program will begin in June with the planned opening of a service center for local coin collectors.
McNabb, Willis and other officials of the New Zealand Mint and PCGS met during the recent World Money Fair in Berlin, Germany. The agreement with the New Zealand Mint is similar to the partnership announced earlier between PCGS and the Mint of Poland.
For additional information about the PCGS World Coin services, contact PCGS at (800) 477-8848, online at www.PCGS.com, or contact the New Zealand Mint by e-mail at sales@NewZealandMint.com or online at www.NZMint.com.
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