Numismatic Guaranty Corporation (NGC) has become the first third-party coin grading service to grade 35 million coins.
NGC has long been the world’s largest third-party grading service, owing to what its representatives call a “commitment to accuracy, consistency and integrity” as well as an “industry-leading guarantee and its advanced holder—the same holder used by the Smithsonian Institution for its most valuable rarities.”
“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.”
The milestone was achieved barely two years after NGC announced that it had graded its 30 millionth coin. The increase of five million coins in such a short time reflects NGC’s continued international expansion as well as its continued leadership position in the US modern coin market.
NGC has opened a number of locations to meet the growing demand around the world for NGC certification. In addition to its headquarters in Sarasota, Fla., 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 continue to be the fastest growing segment of NGC’s business. NGC has now graded 1.5 million Chinese coins; 400,000 South African coins; 400,000 Australian coins; and nearly 325,000 Canadian coins. Its NGC Ancients services for the earliest coins and its tokens and medals department have also demonstrated standout growth.