A-Mark Precious Metals, Inc., incorporated on December 19, 2013, is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies. It operates through various business units for accounting purposes, including Industrial, Coin and Bar, Trading, Finance, Collateral Finance Corporation (CFC), Transcontinental Depository Services (TDS) and Logistics. It is a distributor of gold and silver coins for all of the sovereign mints and various private mints. The sovereign mints include the United States Mint, the Australian (Perth) Mint, the Austrian Mint, the Royal Canadian Mint, the China Mint, Banco de Mexico, the South African Mint (Rand Refinery) and the Royal Mint (the United Kingdom).
The Company's industrial unit sells gold, silver, platinum and palladium to industrial and commercial users. Customers include coin fabricators, such as mints, industrial manufacturers and fabricators, including electronics, component parts companies, and refiners. Its metals are either investment or industrial grade and are generally in bars, wafers, plates or grains. The Company's coin and bar unit deals in over 200 different products, including gold and silver coins from around the world and gold, silver, platinum and palladium bars and ingots in a variety of weights, shapes and sizes. It markets a limited number of such products under brand name A-Mark rounds and bars. Its customers are primarily coin and bullion dealers, although it also deals directly with banks and other financial institutions, commodity brokerage house, manufacturers, investors, investment advisors, and collectors.
The Company's trading and finance units engage in commodity hedging and borrowing and lending transactions in support of its industrial and coin and bar units. Its traders employ a combination of transactions to hedge transactional exposure, and forward contracts to hedge inventory exposure. Its finance unit engages in precious metals borrowing and lending transactions and other customized financial transactions with its customers and other counterparties. The Company's collateral finance corporation subsidiary is a finance lender that makes and acquires commercial loans secured by numismatic and semi-numismatic coins and bullion. CFC's customers include coin and precious metal dealers, investors and collectors. CFC takes physical delivery of the coins or bullion collateralizing the loans.
The Company's transcontinental depository services subsidiary provides storage solutions for precious metals and numismatic coins for financial institutions, dealers, investors and collectors around the world. TDS contracts on behalf of its clients with independent storage facilities in the United States, Canada, Europe, Singapore and Hong Kong, for either fully segregated or allocated storage. It assists its clients in developing appropriate storage options for their particular requirements, and it manages the operational aspects of the storage with the third-party facilities on its client's behalf. The Company's Logistics subsidiary provides its customers an array of complementary services, including packaging, shipping, handling, receiving, processing, and inventorying of precious metals and custom coins on a secure basis.
2121 Rosecrans Ave Ste 6300
The company trades on NASDAQ exchange. The company headquarter is located in California, CA. The company was established in the 1965.| Ticker | AMRK |
| Long Name | A-Mark Precious Metals, Inc. |
| Short Name | A-Mark Precious Metals |