A-Mark Precious Metals Becomes Gold.com
What impact will the Gold.com rebranding have on the precious metals industry?
What impact will the Gold.com rebranding have on the precious metals industry?
The Q3 2025 numbers were rough, but A-Mark is playing a longer game and expanding its retail empire to control more of the bullion-to-collector pipeline, and hedging its exposure through diversified offerings.
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%.
JM Bullion was acquired by the industry wholesale powerhouse, A-Mark in March 2021. Since then, the company has gone on an acquisition spree, buying up many well-known precious metals dealers, limiting the options for investors looking to buy gold and silver.
The acquisition price for all assets is reported to be $41.5 million, consisting of $37.5 million in cash and $4.0 million of A-Mark common stock with an additional $37.5 million in cash incentives.
The US Mint continues to be slow and unable to meet investor demand.
The failures of the Mint and their planchet suppliers have led directly to significant increases in dealer premiums in recent weeks. This week, the lowest dealer premium for silver eagles is more than 60% over spot price.
Some dealers, such as APMEX and JM Bullion are currently selling silver eagles with premiums at over 88% above spot price.
APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced temporary changes to order and shipping policies upon an increase in order volume in recent weeks amidst the ongoing banking crisis. While premiums on silver eagles have recently risen back above 50% per coin. Lower premiums are available for other sovereign bullion coins such as Britannia, Kangaroo and Philharmonic.
Many new investors discovered precious metals through spot price deals. JM Bullion is now offering new investors the option to buy a 1 oz Gold Bar at Spot Price.