Numismatic Guaranty Corporation (NGC) graded its 35 millionth coin, and is the first third-party coin grading service to reach the landmark figure, according to a company news release published on Friday, June 10.
NGC graded nearly five million coins in the last two years alone, having hit the 30-million mark in mid-April 2014. Their growth, according to the company, is driven strongly by their expansion around the world and continued strength in the U.S. modern coin market.
"It is a great honor to have been trusted to certify more coins than any other grading service," said NGC Chairman Mark Salzberg. "We are extremely grateful and humbled by the trust that collectors and dealers place in NGC’s services. We look forward to continuing to provide the best services with the highest integrity all around the world."
In addition to its Sarasota, Florida, headquarters, NGC has offices in Munich, Germany; Hong Kong; and Shanghai, China. It also has Official Submission Centers in China, Singapore, Korea, Japan and Taiwan. World coins remain the fastest-growing segment of NGC’s business, with the company saying they have now graded 1,500,000 Chinese coins, 400,000 South African coins, 400,000 Australian coins and nearly 325,000 Canadian coins.
For information about NGC and their grading services, visit www.ngccoin.com.
No doubt most of the coins graded by second-tier grading serving NGC are the common silver American Eagle bullion coins. The US Mint’s American Eagle coin program keeps them in business.
So far I have only had NGC grade my coins because I like their holders in general and the Kennedy label in particular since I mainly collect Kennedy coins. I’ve found NGC to be arrogant and rude when you deal with them and that’s just the least of their problems. Once i sent coins in OGP packaging and they thought the coins were special high reliefs and graded them as such, with one coin being worth $480 if it really was a high relief. I had to call 3 times to have them look again and correct the mistake. I… Read more »