A-Mark Precious Metals Strengthens Its Market Position with New Acquisitions

A-Mark Precious Metals Expands into the Collectible Coin Industry

El Segundo, California – A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a prominent player in the precious metals sector, has taken significant steps to enhance its presence in the collectible coin market. With recent acquisitions, A-Mark is poised to leverage the growing demand for numismatic products, thus broadening its customer base and increasing profitability.

Recent Acquisition Highlights

Stack’s Bowers Galleries Acquisition

On February 28, 2025, A-Mark completed the acquisition of Spectrum Group International, Inc. (SGI), the parent company of Stack’s Bowers Galleries (SBG). Renowned globally as one of the largest auction houses for rare coins and currencies, SBG generated an impressive total revenue of $536.4 million and an EBITDA of $10.9 million for the fiscal year.

AMS Holding, LLC Acquisition

Another strategic move occurred on March 9, 2025, when A-Mark agreed to acquire the remaining 90% of AMS Holding, LLC (AMS). Established in 1984, AMS operates the renowned GOVMINT brand, which specializes in assembling vintage and modern coin collections. For the past year, AMS reported total revenues of $203.8 million and an adjusted EBITDA of $9.3 million, clearly demonstrating its strong market position.

Pinehurst Coin Exchange, Inc. Acquisition

Additionally, A-Mark finalized the acquisition of a 51% stake in Pinehurst Coin Exchange, Inc. The company, founded in 2005, is noted for being one of the largest e-commerce retailers of modern coins. Pinehurst boasted total revenues of $215.8 million and an EBITDA of $7.7 million in the preceding year, indicating its robust operational framework within the collectibles marketplace.

Advantages of the Acquisitions

These acquisitions create a synergistic relationship that extends A-Mark's reach in the collectibles market. By enhancing its portfolio with SBG, AMS, and Pinehurst, A-Mark expects to boost its gross margins, especially during periods of reduced volatility in the bullion market.

Transaction Details and Financial Commitments

A-Mark’s investment encompassed $92.0 million to acquire SGI's outstanding stock, structured with a balanced approach of $46.0 million in cash and $46.0 million in stock. For the purchase of AMS, A-Mark agreed to a $50.0 million cash payment, with potential for an additional $12.0 million contingent upon performance benchmarks. Similarly, the investment in Pinehurst amounted to $6.5 million, complemented by performance-related earnouts.

AMS and Pinehurst: A Closer Look

AMS Sourcing and Portfolio

A-Mark's historical relationship with AMS spans over a decade, during which it has provided bullion and related products significantly. With AMS’s substantial warehouse of products and an extensive customer base of over 500,000 throughout its history, the collaboration is expected to drive traffic and engagement.

Pinehurst’s Market Impact

Pinehurst is well-established within the e-commerce sector, serving 300,000 customers and generating a significant revenue portion from retail activities. Its synergy with A-Mark’s existing logistics networks is anticipated to amplify revenue streams and enhance customer service capabilities.

Management Insights

Greg Roberts, CEO of A-Mark, expressed enthusiasm about the acquisitions, stating that the collectibles space provides a gateway into the luxury market and diversifies A-Mark's customer demographic. He noted that integrating these businesses within A-Mark’s extensive supply chain network would yield operational efficiencies and bolster earnings, particularly during favorable market conditions.

Company Overview and Future Outlook

Established in 1965, A-Mark stands as a premier fully integrated precious metals platform. The company operates through diverse segments including wholesale sales, direct-to-consumer services, and secured lending, positioning itself favorably within the global market landscape. A-Mark continues to innovate and expand its services, aimed at meeting the evolving needs of its diverse customer base.

Frequently Asked Questions

What recent acquisitions has A-Mark Precious Metals made?

A-Mark has recently acquired Stack’s Bowers Galleries, AMS Holding, LLC, and Pinehurst Coin Exchange, Inc., enhancing its footprint in the collectible coins market.

How has the acquisition of Stack's Bowers Galleries benefited A-Mark?

This acquisition positions A-Mark as a leader in auctioning rare coins and currencies, significantly increasing its market share and revenue potential.

What revenue growth does A-Mark anticipate from these acquisitions?

A-Mark expects to see increased gross margins and new customer bases from these acquisitions, especially during periods of low bullion volatility.

How does AMS Holding, LLC contribute to A-Mark's strategy?

AMS has a solid history and an established customer base, which will enhance A-Mark's capabilities in the modern and vintage coin market.

What is A-Mark's core business focus?

A-Mark operates as a fully integrated platform for precious metals, offering a range of products including bullion, numismatic coins, and related services to both wholesale and retail customers.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.