PMG Grades 2.5 Million Notes
Posted on 1/17/2018
Paper Money Guaranty (PMG) is proud to announce that it has become the first third-party grading service to certify 2.5 million notes.
Founded in 2005, PMG quickly rose to the position of world’s largest third-party paper money grading service due to its accuracy, consistency and integrity. Every note that PMG certifies is encapsulated in a transparent, high-quality holder, and is backed by the comprehensive PMG Guarantee, which guarantees that the note is genuine and not overgraded.
PMG has invested millions of dollars to expand its expert services globally, which has helped to elevate the paper money market and accelerate the company’s growth. A testament to the speed of PMG’s growth: It took 10 years to reach 1 million notes graded, and less than 3 more years to reach 2.5 million notes graded.
A particular area of focus for PMG has been China, where it has offered grading services since 2015. Last year marked a major expansion of these services. As a result, more than half of all notes certified by PMG are now Chinese notes. (PMG’s operations in mainland China are managed through its Shanghai-based affiliate: NGC Shanghai Business Information Consulting Co. Ltd.)
“We are honored by the trust that collectors and dealers around the world have placed in our services,” said Steven R. Eichenbaum, CEO of PMG. “We will continue to adhere to the principles and practices that have earned us our position in the marketplace.”
PMG's expert graders have certified a number of remarkable notes over the years, including the historic Serial Number 1 1861 $10 Demand Note from Philadelphia, which was graded PMG 30 Very Fine EPQ, and an extremely rare People's Republic of China 1951 10,000 Yuan, Pick 858Aa, which was graded PMG 50 About Uncirculated.
Rarities certified by PMG have achieved some phenomenal prices over the years. In 2014, a US Series 1891 $1,000 Silver Certificate graded PMG 25 Very Fine, sold in a private sale for $2.6 million. Just this month, a US 1882 $1,000 Gold Certificate, Fr#1218e, graded PMG 30 Very Fine realized $600,000 at an auction in Florida.
PMG maintains offices in Sarasota, Florida; Shanghai and Hong Kong, China; and Munich, Germany, as well as a global network of Official Submission Centers.