Coin Grading Giant Partners with Positronic to Develop Machine Learning Tool
Earlier this year, Professional Coin Grading Service rolled out PCGS Gold Shield™ Service utilizing new coin grading technology developed in partnership with Positronic. Coin grading is the process of determining the grade or condition of a coin in order to determine its value. PCGS is one of the top coin grading services in the United States, providing the standard for coin authenticity.
PCGS graders have long been considered the best in the business - setting the bar for finding counterfeits and consistently grading coins with accuracy. Since 1986, they have graded more than 37 million coins. As they looked to serve their customers with a higher degree of accuracy and a quicker turnaround on coin grades, their team knew that upgraded machine learning technology and artificial intelligence would be key.
In partnering with Positronic, PCGS has been able to decrease the amount of time it takes to grade coins while increasing accuracy of their grading. The new system Their new system benefits from artificial intelligence and machine learning, allowing coin graders to quickly determine coin authenticity by checking coins against their vast proprietary imaging database.
“We have been testing and refining the system for over two years and will continue to do so for the foreseeable future. It will become a crucial component of our fight against counterfeiting, " shared Don Willis, President of PCGS
John Nelson, PCGS’ Chief Technology Officer, shared: “With coins going through PCGS Gold Shield, our system is even more intelligent, and faster than before. It speeds the grading and authentication process.”
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