PCGS
Establishes Groundbreaking International Program With the
Mint of Poland February 4, 2009
A
precedent-setting international partnership is being set up
between the Professional Coin Grading Service (PCGS) and Mennica
Polska, the Mint of Poland, to grade the mint's new commemorative
coins as well as to establish a submission center at the mint
in Warsaw, Poland for the convenience of local collectors
and dealers to submit coins for PCGS certification.
The announcement of the new partnership was jointly made
by PCGS and the Mint of Poland at the World Money Fair in
Berlin, Germany on February 5, 2009.
"This new program will facilitate the submissions of
Polish and Eastern European collectors and dealers for both
vintage and modern world coins. It will offer them a central,
secured and efficient point of submission with the highly-reputable
Mennica Polska where they can send and receive back the coins
they entrust to PCGS for grading," said Don Willis, PCGS
President.
Jacek Jakobczak, Polish Trade and Marketing Deputy Director,
stated: "Mennica Polska is looking forward to partnering
with PCGS in Eastern Europe for the submission of new commemorative
modern issues and acting as a submission center for modern
and vintage coins for our collectors and dealers."
"We are pleased to work with the leading, independent
third-party grading service, PCGS, to ensure not only a proactive
and more transparent secondary market, but also to enhance
some of the new offerings of Mennica Polska for the benefit
of the collectors market. Having our new commemorative issues
graded according to PCGS' grading scale allows us to assure
and showcase the quality of our minting production, and offer
the best in modern commemorative coins to our clientele around
the world."
"There's
increasing interest in certified coin grading in Eastern Europe,"
said Muriel Eymery, PCGS Director of International Business
Development. She attended the Fourth International Exhibition
Coin Expo 2008 held in Warsaw, October 9 – 11, and helped
arrange the landmark, joint program with Mennica Polska.
"This was the first participation by PCGS at this show,
and many Polish collectors and dealers visited the PCGS booth.
The coin market in Poland is growing very rapidly and we foresee
a greater demand for grading. Polish and Eastern European
collectors are becoming more interested every day in relying
on the worldwide-accepted grading standards that PCGS offers.
The partnership between PCGS and Mennica Polska will benefit
Polish and Eastern European collectors and dealers in building
a more vibrant and transparent marketplace," Eymery said.
"The coin market in Poland is strong, and this creates
good business prospects for the future for all companies interested
in sales growth in the Polish market and finding prospective
buyers," according to the Director of the Warsaw Coin
Expo, Grazyna Karlowska, Vice President of Targow Warszawskich.
The mint in Warsaw was established in 1766 with the production
of gold, silver and copper coins as well as medals and orders.
Shares in the State Mint Plc have been publicly traded on
the Warsaw stock market since 1998.