Professional Coin Grading Service announced that they certified their 25 Millionth coin. 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 Toyko. On October 24, 2012 it was certified PCGS Secure Plus™ MS65.
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.
Congratulations to PCGS on this milestone!
Image courtesy of PCGS.