NGC Hosts Numismatic Symposium in China

In late March 2010, NGC and its China submission center, Guangzhou GB, hosted a three-day seminar for China’s top coin dealers. Also present were delegations from China’s major mints in Shanghai, Shenzhen and Shenyang. The purpose of the event was to educate dealers about the role and uses of coin certification, to improve access to NGC services and to take steps to eliminate counterfeit coins, which undermine the growth of coin collecting in China and around the world.

Current Chinese numismatic programs, especially including the Lunar and Panda coins, are very popular with collectors. Preference for NGC-certified examples of these coins continues to grow in China and around the world. But collectors also face a considerable challenge because the number of deceptive counterfeit coins continues to grow. NGC guarantees that the coins it certifies are authentic, offering a valuable safeguard.

Activities at the symposium included a summit on the numismatic market and a discussion of coin counterfeiting. Social events included a banquet dinner and a golf tournament. This milestone event on the topic of coin authentication and certification was the first symposium of its kind in China.

Steven Eichenbaum, NGC CEO, delivers his welcome address, translated by Maggie Peng (left).

Zhen Wei Gang, General Manager of Guangzhou GB, discusses the important role that NGC certification will play in the Chinese marketplace.

A large billboard on the driving range welcomes golfers to the NGC tournament.

Forty golfers participated in the NGC-sponsored event.