APMEX

APMEX, Inc., based in Oklahoma City, Oklahoma, is the world's largest online retailer of precious metals, with over $11 billion in transactions since its founding in 1999. The company offers more than 20,000 Gold, Silver, Platinum and Palladium coins, bars, bullion rounds, collectibles and other numismatics products from various mints around the world.

Not to be confused with Ampex.
APMEX, Inc.
Formerly
Edmond Coins
Private
IndustryOnline precious metals e-commerce company
Founded1999 (1999)
HeadquartersOklahoma City, Oklahoma, United States
Key people
Owner Scott Thomas, Founder
CEO Kenneth Lewis
ProductsGold coins and bars
Silver coins and bars
Websitewww.apmex.com

Products

APMEX offers Gold, Silver, Platinum and Palladium products, including coins, bars, jewelry, collectible coins, rare currency, and commemorative items. The company buys and sells bullion, numismatics, semi-numismatics, rare coins and currency. APMEX's customers range from collectors and investors to wholesale dealers.[1]

APMEX also offers secure storage for your Precious Metals in the form of Citadel Global Depository Services. Citadel is a wholly owned subsidiary of APMEX that provides maximum-security storage for your Precious Metals. This private storage facility is managed by Brink's, one of the world's leading security companies.[2]

After years spent researching different techniques, APMEX launched 9Fine Mint[3] to create a modern take on a truly classic production process. 9Fine Mint carries ISO 9001 certification, which requires the demonstration of the ability to consistently provide products using processes that meet customer and regulatory requirements.

OneGold[4] is the result of the knowledge, experience, and resources of two globally recognized partners APMEX and Sprott.[5]

Associations

APMEX is a member of the American Numismatic Association, the International Precious Metals Institute and the Industry Council for Tangible Assets.[6]

APMEX has an A+ rating from the Better Business Bureau.[7]

APMEX is an active member of the Greater Oklahoma City Chamber.[8]

The Regional Food Bank of Oklahoma is APMEX's primary charity. For many years, APMEX has worked with the Regional Food Bank of Oklahoma to give back to those who need it most.[9]

History
APMEX headquarters in Oklahoma City, OK

Scott Thomas, an avid coin collector, was an underwriter for a mortgage company before founding Edmond Coins and forming American Precious Metals Exchange in Edmond, Oklahoma in 2000.[10] The company name was later shortened to APMEX.

In 2011, APMEX publicly paid a security deposit using gold bullion to Donald Trump for commercial space in The Trump Building in Manhattan's Financial District.[11] The payment was publicized as a commentary on the weakness of the American dollar.[12]

Timeline
  • 2000 - Edmond Coins founded in Edmond, Oklahoma, and American Precious Metals Exchange is formed.[10]
  • 2004 - APMEX.com was created.
  • 2007 - The 1 oz Silver APMEX Bar is introduced as the first product in the line of APMEX-branded products.
  • 2009 - APMEX opens international shipping with orders to Canada.
  • 2010 - APMEX relocates to the former Federal Reserve Bank of Oklahoma City.
  • 2010 - APMEX breaks $1 billion in total sales.
  • 2011 - APMEX launches the MintDirect® program.[13]
  • 2012 - APMEX launches Citadel Global Depository Services, Inc.[14], a wholly owned subsidiary that provides maximum-security storage managed by global security leader Brink's.
  • 2013 - APMEX launches exclusive partnership with eBay. [15]
  • 2014 - APMEX becomes an Authorized Purchaser[16] for U.S. Mint Gold and Platinum bullion coins, adding to the previously acquired Silver bullion, allowing APMEX to provide the full range of U.S. Mint bullion coins direct to customers.
  • 2015 - APMEX celebrates 15 years in business.
  • 2015 - APMEX ranks #46 in the Internet Retailer® Top 500 Guide.
  • 2018 - APMEX launches new line of Silver bullion - 9Fine Mint.
  • 2019 - APMEX ranks in the top 1,000 shops in the Collectibles category in Newsweek's Best Online Shops.
  • 2020 – APMEX launches exclusive partnership with PCGS.[17]
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References
  1. "APMEX, Inc.: Private Company Information - Businessweek". Bloomberg.com. Retrieved 2016-01-10.
  2. "Secure Silver & Gold Storage". APMEX. Retrieved 2020-01-27.
  3. "Modern Silver Bar | Contemporary Silver | Fine Silver | 9Fine Mint". APMEX. Retrieved 2020-06-11.
  4. "OneGold". www.onegold.com. Retrieved 2020-06-11.
  5. "Sprott". www.sprott.com. Retrieved 2020-06-11.
  6. "Industry Council for Tangible Assets". www.ictaonline.org. Retrieved 2020-01-30.
  7. "American Precious Metals Exchange Business Review in Oklahoma City, OK - Central Oklahoma BBB". Bbb.org. 2013-07-01. Retrieved 2016-01-10.
  8. https://www.okcchamber.com/index.php
  9. https://www.apmex.com/regional-food-bank-of-oklahoma
  10. Don Mecoy (2006-05-17). "Made in Oklahoma: Edmond Coins". News OK. Retrieved 2016-01-10.
  11. "Trump's New Gold Standard". WSJ.com. 2011-09-14. Retrieved 2016-01-10.
  12. "Local precious metals company pays Trump in gold bullion". Oklahoman.com. 2011-09-16. Retrieved 2020-06-11.
  13. "MintDirect® | MintDirect® Premier | MintDirect® Premier & PCGS". APMEX. Retrieved 2020-06-11.
  14. "Secure Silver & Gold Storage". APMEX. Retrieved 2020-06-11.
  15. "eBay Launches Online Gold Store". Business Insider. 2013-01-11. Retrieved 2016-01-10.
  16. "Where To Buy Bullion Coins | U.S. Mint". United States Mint. Retrieved 2020-06-11.
  17. "APMEX MintDirect® Premier with PCGS FirstStrike®". PCGS. Retrieved 2020-06-11.
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