Demand for third-party grading services is expanding in China.
Numismatic Guaranty Corporation, Numismatic Conservation Services and Paper Money Guaranty are growing with it.
The three companies, which are independent members of the Certified Collectibles Group, have extended their Official Submission Center agreement with Guangzhou National Standard Numismatic Collection Grading Co., Ltd.
Since 2009, Guangzhou GB has helped collectors and dealers in China submit to the three firms.
NGC, NCS and PMG have also added four new Official Submission Centers in Chinese cities in order to expand access to their services to collectors and dealers in other regions of the world’s most populous country.
Shanghai Yintai, a distributor for China Gold Coins Inc., and 11 Coins will serve as Official Submission Centers in Shanghai.
Beijing Jinxin De Yi Trading Co. and Xi An Tang Quan Jin Cang Co., Ltd. will serve as Official Submission Centers in the cities of Beijing and Xi’an, respectively.
“The extension of Guangzhou GB’s agreement and the appointment of these four companies as Official Submission Centers will enable NGC, NCS and PMG to better serve collectors and dealers in Guangzhou, Shanghai, Beijing, Xi’an and elsewhere in China,” said Steven R. Eichenbaum, CEO of CCG.
In July, NGC, NCS and PMG will open a new office in a luxurious high rise building in the prestigious Xintiandi district of Shanghai. The office will be operated by the recently formed company, NGC Shanghai Business Information Consulting Co., Ltd., NGC’s wholly owned Chinese subsidiary.
This new office will host more frequent on-site NGC grading events as well as on-site PMG grading and NCS conservation events.
“NGC, NCS and PMG have pledged to provide the best possible service to collectors and dealers in China,” said Eichenbaum. “These important developments will significantly further our long-term commitment to the Chinese market.”