Numismatic Guaranty Corporation (NGC) has authenticated and graded 2 million Chinese coins, the company announced in a news release on Monday, Mar. 20.
NGC opened its first submission center in China back in 2008. Its operations have grown significantly since then, attested by an increase of 1 million Chinese coins graded in the last 1-1/2 years alone.
"We are truly humbled by all of the support that we have received in China," says Steven R. Eichenbaum, CEO of NGC. "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."
Chinese coins graded by NGC include three pieces that later sold for more than $1,000,000 as well as a wide range of vintage and modern issues. The 2 million figure includes more than 1,000,000 Chinese Panda coins, which have grown significantly in popularity both in China and around the world in recent years, according to the company.
"Our goal is to continually provide collectors and dealers in China with better and more comprehensive third-party grading services," said Eichenbaum. "We will not rest on our laurels, but rather take each milestone as a challenge to make further improvements."
Coin 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 centers and to learn how to submit, visit NGCcoin.cn/Submissions.
For information about NGC and their grading services, visit www.ngccoin.com.