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.
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
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%.
The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.
Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.