A-Mark Precious Metals

A-Mark Precious Metals -- founded in 1965 as A Mark Coin Company [1] -- is a precious metals trading company. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of SS Gairsoppa.[1] As of 2018 it was a Fortune 500 company.[4] In 2020 it fell off the Fortune 500 to the Fortune 1000[5].It offers gold, silver, platinum and palladium products for storage and delivery. This can be stored via bars, coins, grain and wafers.[6]

A-Mark Precious Metals, Inc.
Public
Traded asNASDAQ: AMRK
Russell Microcap Index component
IndustryMetals
PredecessorSpectrum Group International (2005-2014) as subsidiary[1]
Founded1965,[2] 2014 (as public company)
Headquarters2121 Rosecrans Avenue, Suite 6300, El Segundo, CA 90245[2]
Key people
Gregory Roberts (CEO) Thor Gjerdrum (President)
OwnersPublicly held
Number of employees
126[3] (2017)
Websitewww.amark.com

Greg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005.[7] Thereafter, the firm changed its name to Escala Group,[8] then to Spectrum Group International Inc.[9] In 2009, it purchased the remainder of A-Mark.[1] In 2014, Spectrum spun off A-Mark so that it could be publicly traded.[1]

References
  1. White, Ronald (6 Jul 2014). "A-Mark Precious Metals may profit from increased awareness". Los Angeles Times. Retrieved 24 June 2017.
  2. "About A-Mark". A-Mark Precious Metals, Inc. Retrieved 24 June 2017.
  3. "A-Mark Precious Metals". Fortune. Retrieved 2018-12-22.
  4. "A-Mark Precious Metals". Fortune. Retrieved 2018-12-22.
  5. "A-Mark Precious Metals Company Profile". Fortune. Retrieved 2020-05-31.
  6. McWilliams, Jake (2019-05-20). "Latest Fundamentals: A-Mark Precious Metals (NASDAQ: AMRK)". Reagents Global Market. Retrieved 2019-05-21.
  7. "Greg Manning Auctions Buys A-Mark". Los Angeles Times. 2005-07-19. ISSN 0458-3035. Retrieved 2019-05-21.
  8. "UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK" (PDF). Sec. Gov.
  9. "Spectrum Group International Inc SPGZ Board". Investors Hub. Retrieved 2019-05-21.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.