New Protection and Solid Advice in the Fight Against Counterfeit Coins Trending
COINage Magazine|December 2020 - January 2021
PCGS Announces Groundbreaking NFC Technology Included in all Holders
Joshua McMorrow-Hernandez
Professional Coin Grading Service began embedding Near Field Communication (NFC) technology in all its encapsulated coins, medals, tokens, and banknotes in October. This revolutionary advancement launched after an initial limited rollout earlier this year with coins graded in PCGS Gold Shield holders to test compatibility and user response, both of which were overwhelmingly positive.

“PCGS is the industry leader in fighting counterfeiting,” says PCGS President Brett Charville. “PCGS has always been ahead of the curve in the numismatic industry regarding technology, and the inclusion of NFC technology is just the latest way we can stay one step ahead of counterfeiters and ensure collectors and dealers that their PCGS coins and banknotes are exactly what the label promises.”

Adds Charville, “you collect, we protect.”

The data available through this technology ensure collectors, dealers, customers, and others that the coin or banknote stated on the label is the piece inside the holder. The NFC technology has become necessary in a day and age when counterfeit coins and banknotes are more sophisticated than ever before. To combat this, PCGS partnered with HID Global to insert NFC technology in all holders, including PCGS Banknote holders, to provide peace of mind that collectibles within PCGS holders are 100% authentic and the grade or condition stated on the label.

NFC inserts require no new hardware or any software updates. They are solid-state and have no moving parts, do not contain any battery, and will be encased in the same industry-leading holder that keeps coins and banknotes safe. Therefore, PCGS explains that without the risk of exposure to the elements and damage, expect these inserts to last beyond the expected lifespan of 100,000+ scans and 40+ years.

“This technology, similar to the chip found in the credit cards in your wallet, is the single biggest leap forward for third-party grading since its inception. While it may affect our pocketbook down the line, I would hope that every other third-party grading service in the industry considers integrating similar technology into their product lines as well. It’s simply that important for the hobby as a whole,” urges Charville.

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