New
Submission Center Opens in China Posted on 6/22/2009
Guangzhou National Standard Numismatic Collection
Grading Co., Ltd will assist collectors and dealers to prepare
submissions and to ship and insure coins to NGC, NCS and PMG
for certification.
In Guangzhou, China, a new company has been established to
operate a submission center for Certified Collectibles Group
companies, NGC, NCS and PMG. Guangzhou National Standard Numismatic
Collection Grading Co., Ltd opened formally in June 2009 and
is now accepting submissions. The new organization is allied
with the Guangdong Province Coin Collection Association, the
most active and widely-known numismatic association in China.
A submission center serves dual roles. First, they assist
both collectors and dealers with the submission process, handling
international transport and insurance to Certified Collectibles
Group (CCG) headquarters in Sarasota, Florida. Second, in
the countries that they operate, they provide information
about certification services provided by CCG.
“Removing barriers and making it easy to send collectibles
to us for certification from anywhere in the world is a central
component of our growth internationally. Already, considerable
interest is being shown for certified coins and currency in
China and we are very fortunate to have formed this partnership
with an exceptional group of professionals in Guangzhou,”
comments Steve Eichenbaum, CEO of Certified Collectibles Group.
In China, easy access to professional certification services
will help the market expand and develop. Already among coin
collectors, the Chinese market has emerged as an important
segment, due in part to the considerable popularity of the
Chinese Panda bullion program and the innovative 22-coin Beijing
Olympics commemorative program. The accurate and consistent
application of grading standards makes it easy for buyer and
seller to agree on an item's condition allowing for smooth
transactions across wide geographic distances and using online
exchanges. Collectors of Chinese coinage have shown a preference
for NGC-certified coins due to NGC's leadership position in
the marketplace worldwide and because of NGC’s guarantee of
authenticity. NGC provides a money-back guarantee should a
coin that they have certified be determined to be not genuine,
removing significant risks for collectors and increasing buyer
confidence.
An opening celebration was held to announce the launch to
the media and numismatic professionals on June 1, 2009. More
than a hundred Chinese and foreign experts, coin dealers and
invited guests were present. Mr. Zhen Wei Gang, president
of the Guangdong Province Coin Collection Association, concluded
the opening presentation with his address in which he stated:
“With China's rapid economic and cultural development, the
Chinese coin industry has also expanded rapidly. The outlook
is very positive; trading continues to become more diverse
and more active. Certification will help to foster the continued
development of the Chinese coin market. This new venture is
a major step to promote and facilitate stability for the Chinese
coin market and to assure sustainable development.”
More information about Guangzhou National Standard Numismatic
Collection Grading Co., Ltd. can be found on their Web site,
www.gbngc.com.
A
crowd gathers at the entrance of the grand opening of the
numismatic submission center in Guangzhou.
Speakers
at the grand opening presentation. From left to right, Mr.
B.H Lim, Mr. Dai Zhiqiang, counselor of People`s Bank of China
and the former curator of China Numismatic Museum, Mr. Martin
Weiss, Mr. . Xu Jinyuan, chairman of China Gold Association,
Mr. Zhen Wei Gang, and Ms. Xu Jingyou, president of Guangdong
Province Gold Association.
Numismatic
experts and members of the media are seated for a presentation
to formally announce the grand opening of NGC’s Submission
Center in China.
Members
and invited guests of Guangzhou National Standard Numismatic
Collection Grading Company stand before a banner at a celebration
banquet following the opening presentation. Mr. Zhen, organization
chairman, is at left.