A-Mark Precious Metals, Inc. has announced a trio of major acquisitions that dramatically expand its presence in the collectible coin and precious metals markets.
A-Mark’s acquisition of Stack’s Bowers is another sign of the continued consolidation of the industry and should be a growing concern for collectors and investors alike.
Black Friday is an exciting time for gold and silver investors, with bullion dealers offering significant discounts to kick off the holiday shopping season.
Even with the record prices, investors are happy to find gold bar premiums have seen a slight decrease in recent weeks.
Costco’s success with gold prompted the retailer to expand its offerings by introducing platinum bars at competitive prices.
According to a report from Kitco, the Costco’s gold bullion sales have become a significant driver of its online sales, with reports of double-digit increases in gold sales over the past three months.
While pre-sales are beginning now, investors will need to wait until January 2025 for the coins to officially ship from the U.S. Mint
This new depository not only enhances the security options available for precious metals storage in the Western United States but also brings additional employment opportunities to the Treasure Valley area. The opening of this depository reflects the growing demand for physical precious metals, driven by concerns over currency debasement and economic uncertainty.
According to a recent announcement, the latest investment of $9.6 million brings A-Mark’s ownership stake to 55.4%. A-Mark acquired its initial stake in SGB in 2014 and increased its investment again in 2022 to 47.4%.
When it comes time to sell your gold coins it is a good idea to get price quotes from multiple dealers, coin shops and brokers. We now offer a quick way to compare buy back prices from online dealers to help make selling your gold coins easier.