PCGS Grades and Authenticates 25 Millionth Coin

The Professional Coin Grading Service passed a milestone on Wednesday, October 24, 2012 when it authenticated and graded its 25 millionth coin.

According to the company’s records, the combined market value of PCGS-graded coins has now exceeded $27 billion.

The Professional Coin Grading Service is a major coin submitting service used by private collectors and dealers to establish a common grading scale for rare and numismatic coins. The scales within the PCGS’s grading system are world-renowned and recognized throughout the pantheon of collecting.

A spokesperson for the company said it was just eight years ago in November 2004 that we certified our 10 millionth coin and since then PCGS services to collectors and dealers in the U.S. and overseas have grown along with the overall number of submissions.

PCGS has been expanding. This year alone, the company has established a new office in Hong Kong and a new, large office in Paris for services in Europe. Also, the company has developed and launched the websites and for support and information for collectors and dealers.

An historically rare 1871 10 Yen gold coin, valued at $6,000 or more, is the 25 millionth coin to be authenticated by PCGS.

The coin is struck from 16.6 grams of .900 fine gold with 1,867,032 coins produced. The 1871 10 Yen features a dragon and pearl representing the sun on the obverse. The reverse features a mirror, sunburst, and military banners with a raised line border around the design elements.

The 1871 10 Yen is an important coin in Japanese numismatic history, according to the PCGS. During the fourth year of the reign of Emperor Meiji, Japan adopted a gold standard under the New Currency Act of 1871, and it marked the start of the modern era of Japanese decimal coinage.

The 1871 10 Yen is graded PCGS Secure Plus MS-65 and was submitted by a PCGS Collectors Club member in Tokyo. To mark the milestone submission, the Professional Coin Grading Service gifted the Japanese collector a Saint-Gaudens Double Eagle graded PCGS Secure Plus MS-65. The gold piece is valued at about $2,500.

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