PMG Certifies 2,000,000 Notes
Posted on 6/20/2017
Paper Money Guaranty® (PMG®) has announced that it has now certified 2,000,000 notes, a first for a third-party paper money grading service and more than double the number of notes certified by the next-largest company.
Founded in 2005, PMG quickly became the world’s largest third-party paper money grading service as collectors and dealers soon recognized the accuracy and consistency of its authentication and grading as well as the superior protection of its holder.
A key reason for PMG’s rapid growth in recent years has been the success of its efforts to expand internationally. PMG established Official Submission Centers in seven countries, which has allowed it to bring its expert certification services to these important markets.
The largest of these international markets is China, where PMG regularly performs on-site authentication, grading and encapsulation services at the Shanghai office of NGC Shanghai Business Information Consulting Co., Ltd., its Chinese affiliate. PMG has now graded more than 500,000 Chinese notes.
Another driver of growth for PMG has been the 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. These improvements have led to faster turnaround times, which have been particularly helpful to PMG Authorized Dealers.
Among the 2,000,000 notes certified by PMG are some of the world’s greatest rarities. These include the only 1869 $500 and $1,000 Rainbow notes in private hands (graded PMG AU 53 EPQ and PMG AU 53, respectively), the unique 1891 $1,000 Silver Certificate (graded PMG VF 25) that sold for a world record price of $2.6 million and a 1951 People’s Republic of China 5,000 Yuan (graded PMG 40).
“We are very honored to be trusted by so many collectors and dealers around the world," says 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.”