A-Mark Precious Metals (founded in 1965 as A Mark Coin Company) is a

precious metals Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less chemically reactive than most elements. They are usual ...

trading company Trading companies are businesses working with different kinds of products which are sold for consumer, business, or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to cus ...

. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of . A-Mark is traded on

Nasdaq The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

and is a

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

company as of 2021.

History

Greg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005. Thereafter, the firm changed its name to Escala Group, then to Spectrum Group International Inc. In 2009, it purchased the remainder of A-Mark. In 2014, Spectrum spun off A-Mark so that it could be

publicly traded A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

. A-Mark acquired

Goldline International Goldline, LLC was a retail seller of gold and silver coins, and other precious metals for investors and collectors. Goldline traced its formation to a Deak & Co. subsidiary created in 1960, a firm that in the late 1970s was the largest Brick and ...

in 2017.

Corporate affairs

Shareholder structure

As of 2021, A-Mark stock is in held by institutional investors (43%), the general public (29%) and private companies (7%). Individual insiders hold about 21%.

Financial results

Following its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

A-Mark has grown its revenue from US$5.9 billion in 2015 to US7.6 billion in 2021. The following list is an overview of the main financial results from recent years:

References

External links

Official website
Metal companies of the United States American companies established in 1965 Manufacturing companies established in 1965 1965 establishments in California Companies based in El Segundo, California {{US-company-stub