A historic gold coin from Japan has the distinction of being the 25
millionth coin authenticated and graded by Professional Coin Grading
Service (www.PCGS.com),
underscoring the growing appreciation worldwide for expert certification
by PCGS. Professional Coin Grading Service is a division of Collectors
Universe, Inc. (NASDAQ: CLCT).
This 1871 Japanese 10 Yen denomination gold coin, graded PCGS Secure Plus(TM) MS65, is the milestone 25 millionth coin certified by Professional Coin Grading Service. (Photo: Business Wire)
The coin is a rare 1871 (Meiji 4) 10 Yen With Border on the Reverse
variety. It was among a group of 33 coins recently submitted by a PCGS
Collectors Club member in Tokyo. On October 24, 2012 it was certified
PCGS Secure Plus™ MS65, and became another major achievement in the
company's history of accomplishments.
As a gift of appreciation to mark the milestone submission, PCGS is
awarding the Japanese collector a Saint-Gaudens Double Eagle gold coin
graded PCGS Secure Plus MS65 and valued today at $2,500.
The 1871 10 Yen is an important coin in Japanese numismatic history,
according to 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 contains 16.6 grams of .900 fine gold, and 1,867,032 of
the coins were minted that first year. The obverse design features a
dragon and a pearl representing the sun. The reverse includes a mirror,
sunburst and military banners with a raised line border around some of
the design elements.
PCGS estimates the value of this particular coin at $6,000 or more.
"Since our founding in 1986, Professional Coin Grading Service experts
have now certified 25 million coins, with a total market value of over
$27 billion," said PCGS Co-Founder, David Hall, President of Collectors
Universe, Inc.
"It was just eight years ago in November 2004 that we certified our 10
millionth coin. Since then, PCGS services to collectors and dealers in
the U.S. and overseas have grown, along with the overall number of
submissions."
PCGS certifies coins dated as far back as the 16th century from over 100
countries, including France, Germany, Great Britain, Greece, Italy,
Poland, Russia, Spain and Switzerland, as well the United States,
Australia, New Zealand and countries in Asia, such as China, Japan and
Korea, as well as countries in Africa and Central and South America.
"We've opened a new, larger European submission center in Paris, and
earlier this year we opened an Asian submission center in Hong Kong. We
also created the PCGSEurope.com and PCGSAsia.com web sites that include
useful coin information in a total of eight languages for collectors and
dealers," explained PCGS President Don Willis.
"The PCGS Set RegistrySM (www.pcgs.com/setregistry)
now contains more than 64,000 sets, with a growing number of new
participants in Europe and Asia. The free PCGS Photograde™ Online (www.pcgs.com/Photograde)
feature makes it easy to determine the approximate grade of your coins,
and the ever-expanding PCGS CoinFacts (www.PCGSCoinFacts.com)
is the most comprehensive online resource for information and
illustrations about United States coins."
For additional information about PCGS and its services, visit www.PCGS.com
or call PCGS Customer Service at (800) 447-8848.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50456900〈en
