PCGS-Certified Coins Sell For Strong Prices In Chengxuan Auction

(Beijing, China) -- Coins certified for authenticity and grade by Professional Coin Grading Service (http://www.PCGS.com.cn) attracted bidder's attention and strong bids at the Chengxuan (http://www.ichengxuan.com) 2014 Autumn Auction, 21 - 22 November, in Beijing.  Convenient opportunities are coming up for collectors and dealers in China to submit their coins for PCGS certification.

"The top four coins in the Chengxuan auction were all graded by PCGS.  That emphasizes the respect and trust collectors and dealers have in PCGS certification, and we look forward to the next grading week at the PCGSShanghaiSubmissionCenter in December," said Ms. Muriel Eymery, PCGS Vice President of International Business Development.

 Highlights of the Chengxuan auction included: 

  • HeilungkiangProvince, (1903) KUANG HSU YUAN PAO, 7.2 mace (lot number 2826), graded PCGS SP60, that sold for RMB 2,012,500 (including commission). 
  • Tai Ching silver coin, HSUAN TUNG third year, Long-Whiskered Dragon type (lot number 3348), PCGS SP63, sold for RMB 1,725,000 (including comission).

Mrs. Zuo Jinghua, General Manager of Chengxuan Auction, said: "The Chegnxuan 2014 Autumn Auction of vintage coins had a 88% total turnover (sell-through rate) of about RMB 30 million, and was a success.  PCGS-graded coins performed especially well under the depressed market, and some of the coins sold for unexpectedly strong results!"

"PCGS representatives met with collectors and dealers during the Chengxuan Auction and discussed PCGS grading, coin collecting, the coin market and other topics," said Ms. Eymery.  "We received excellent suggestions and advice about what is important to them, and this will help PCGS provide even more help for collectors and dealers." 

PCGS-graded coins are also in the upcoming auction in Beijing that will be conducted by Poly International Auction Company (http://www.polypm.com.cn) on 1 December.  They include a 1987 Inner Mongolia Found Anniversary proof coin and many PCGS-graded Fat Man Dollar coins. 

PCGS will offer on-site authentication and grading at the 1st Macau International Coin & Precious Metals Expo (http://www.macaucoinshow.com), 5 - 7 December 2014, and at the pre-show event. 

The next session for grading vintage and modern Chinese coins at the PCGSShanghaiSubmissionCenter is beginning.  Coins must be submitted by 8 December in Shanghai or the PCGSSubmissionCenter in Guangzhou.  Coins also can be conveniently submitted through a network of PCGS Authorized Dealers in mainland China who can be found online at www.PCGS.com.cn/dealers. 

Founded in 1986 by distinguished numismatic experts, Professional Coin Grading Service is the most respected coin authentication and grading company in the world and has offices in Shanghai, Hong Kong, Paris and the United States.  For additional information about PCGS and its services, visit www.PCGS.com.cn, call the PCGS Shanghai Office at 86 21 6467 2926 or email [email protected].