A historic gold coin from Japan has the distinction of being the 25 millionth coin authenticated and graded by Professional Coin Grading Service ( www.PCGS.com), underscoring the growing appreciation worldwide for expert certification by PCGS. Professional Coin Grading Service is a division of Collectors Universe, Inc. (NASDAQ: CLCT).
This 1871 Japanese 10 Yen denomination gold coin, graded PCGS Secure Plus(TM) MS65, is the milestone 25 millionth coin certified by Professional Coin Grading Service. (Photo: Business Wire)
The coin is a rare 1871 (Meiji 4) 10 Yen With Border on the Reverse variety. It was among a group of 33 coins recently submitted by a PCGS Collectors Club member in Tokyo. On October 24, 2012 it was certified PCGS Secure Plus™ MS65, and became another major achievement in the company's history of accomplishments.
As a gift of appreciation to mark the milestone submission, PCGS is awarding the Japanese collector a Saint-Gaudens Double Eagle gold coin graded PCGS Secure Plus MS65 and valued today at $2,500.
The 1871 10 Yen is an important coin in Japanese numismatic history, according to PCGS. During the fourth year of the reign of Emperor Meiji, Japan adopted a gold standard under the New Currency Act of 1871, and it marked the start of the modern era of Japanese decimal coinage.The 1871 10 Yen contains 16.6 grams of .900 fine gold, and 1,867,032 of the coins were minted that first year. The obverse design features a dragon and a pearl representing the sun. The reverse includes a mirror, sunburst and military banners with a raised line border around some of the design elements. PCGS estimates the value of this particular coin at $6,000 or more.