PMG certifies its two-millionth banknote

Paper Money Guaranty (PMG) has announced it has certified its two-millionth banknote—a first for a third-party paper money grading service, and more than double the amount of notes certified by the second-largest company.

Since it was established in 2005, PMG has become the world’s largest third-party paper money grading service, and its rapid growth is partially owed to its ongoing international expansion. PMG has established Official Submission Centers in seven countries, the largest of which is China, where PMG regularly performs on-site authentication, grading and encapsulation services at the Shanghai office of NGC Shanghai Business Information Consulting. PMG has now graded more than 500,000 Chinese notes.

“We are very honoured to be trusted by so many collectors and dealers around the world,” said PMG Chairman Mark Salzberg. “We sincerely appreciate all of the support and we look forward to continuing to expand and enhance our services in the future.”

NEW TECHNOLOGY & TALENT

Another driver of PMG’s growth is its development of “new technology and talent that has brought increased efficiency and capacity to PMG’s operations while it continues to maintain its strict focus on quality,” reads a press release issued by the company. “These improvements have led to faster turnaround times, which have been particularly helpful to PMG Authorized Dealers.”

Among the two million notes certified by PMG are some of “the world’s greatest rarities,” including the only 1869 $500 and $1,000 Rainbow notes in private hands. They were graded PMG About Uncirculated-53 EPQ (exceptional paper quality) and PMG AU-53, respectively.

Other highlights include a 1951 People’s Republic of China 5,000 yuan graded PMG 40, and the unique 1891 $1,000 silver certificate graded PMG Very Fine-25. In 2013, the latter example sold for a world-record price of $2.6 million USD.

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