JM Bullion acquires Gold.com Domain Name

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In a press release last week, A-Mark and JM Bullion announced the acquisition of the website domain Gold.com. No terms were disclosed. Following this acquisition, JM Bullion now owns both silver.com and gold.com.

The acquisition of the gold.com domain represents a significant investment in our direct-to-consumer growth strategy,” said JMB CEO Robert Pacelli. “The gold.com domain carries broad global appeal and is an extremely versatile asset that will be incorporated into our long term strategy. Prominent, single word domains are in high demand due to their scarcity, and benefits of such domains include instant brand recognition and enhanced marketability.”  

Pacelli continued, “It’s rare to have an opportunity to acquire a category defining asset such as this, and we are excited to add the domain to our expanding portfolio. All gold.com traffic is currently being redirected to the JMB website, providing visitors with seamless access to the company’s extensive range of products and services.”

JM Bullion was founded in 2011 and has grown to become one of the largest online precious metals dealers in the United States.

At the time of its founding, the spot price of silver was around $37 an ounce, while the spot price of gold was trading near $1,755 an ounce.

As JM Bullion’s sales and customer base began to skyrocket, they began acquiring other bullion dealers. The first notable acquisition came in 2019 when the company bought Provident Metals.

By 2020, JM Bullion marked a significant milestone, selling more than $1 billion dollars worth of precious metals to investors that year.

The following year, in March of 2021, JM Bullion was acquired by the industry wholesale powerhouse, A-Mark.

Following the sale to A-Mark, JM Bullion continued their acquisition spree, buying up other notable dealers including BGASC, BullionMax, Pinehurst Coin Exchanges and others, as well as buying significant portions of other vertical businesses such as Silvertowne, Sunshine Minting, Pinehurst Coins and others.

Since 2018, A-Mark has grown through the acquisition of other companies to establish itself as a leader across the entire precious metals vertical, from sourcing and refining capabilities, to direct-to-consumer retail operations, as well as wholesale investment platforms.

A partial list of acquisitions by A-Mark/JM Bullion includes:

  • Silvertowne Mint – Silvertowne was established as a local coin shop in Winchester, Indiana in 1973. In the 1980s, Silvertown expanded into minting and selling their own brand of silver bars and rounds. A-Mark acquired a majority stake in Silvertowne in 2016.
  • Goldline, LLC – Goldline was a full-service precious metals trading company and an official distributor for all the major sovereign mints. The acquisition in 2017 bolstered A-Marks ability to reach investors directly by adding an expansive direct-to-client distribution model.
  • Collateral Finance Corporation (CFC) – Collateral Finance Corporation provided a secured lending facility to consumers and institutions wishing the leverage their gold holdings as a tangible asset.
  • Sunshine Minting – Sunshine Minting was established in 1979. The company is a leading domestic and global supplier of precious metal mint products with manufacturing facilities in Nevada, Idaho, as well as a joint venture in Shanghai, China. Sunshine Minting’s primary customers include sovereign governments and major financial institutions. SMI is a notable supplier of blank planchets to the US Mint, which are utilized in the manufacturing of American Eagle Silver Coins.
  • Pinehurst Coin Exchange – As a leading precious metals broker, Pinehurst established a reputation in the coin industry for best-in-class service and offering a vast array of numismatics and precious metal products. They are a notable seller of gold and silver through the eBay marketplace.
  • Atkinsons Bullion & Coin – A-Mark purchased a 25% equity stake in UK based Atkinson’s in May 2023.
  • BGASC – Long time California based gold and silver dealer, BGASC was acquired in September 2022.
  • Silver.com – Back in their early days, JM Bullion acquired the domain of silver.com for $875,000 back at the end of 2012. It has operated as a standalone website since, with pricing that is often higher than other dealers in the portfolio.
  • Texas Precious Metals – At the start of 2023, A-Mark announced an acquisition of a 12% ownership stake in Texas Precious Metals in exchange for $5.04 million in cash.
  • Silver Gold Bull – Based in Calgary, Alberta, Canada, Silver Gold Bull has a large international retail presence in dozens of countries around the world. A-Mark upped their ownership stake to 47.4% in 2022 consisting of a considerable amount of cash and common stock. As part of the deal, A-Mark has the option to acquire up to 75% of the equity in the company pending a review based on Canadian Competition Laws.
  • CyberMetals – In November 2021, A-Mark and JM Bullion announced the creation of the CyberMetals Platform. The platform allows investors to buy and hold digital gold and silver in non-allocated storage with the option of converting their digital holdings into physical metals and taking fulfillment.
  • BullionMax – Fully acquired in 2023. The full terms of the deal were not disclosed, but the acquisition included BullionMax’s 20,000 customers and 100,000 newsletter subscribers.
  • LPM Precious Metals – LPM is a precious metals retailer and wholesaler based in Hong Kong. The LPM.hk acquisition is part of a strategic expansion by A-Mark into Asian markets.
  • ModernCoinMart – Included in the LPM acquisition, subsidiary Pinehurst Coin Exchange will acquire all assets of Modern Coin Mart, including the inventory.
  • Stack’s Bower Numismatics LLC – Stack’s Bower Galleries is a well-known auction house that specializes in numismatics and other collectibles.

A-Mark to Acquire LPM Group Limited

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A-Mark (AMRK) is one of the largest wholesale distribution companies in the precious metals space. In recent years, A-Mark has acquired a variety of dealers in the US, the largest being JM Bullion.

According to a recent press release, A-Mark is expanding their presence in the markets throughout Asia with the announced acquisition of Hong Kong based LPM Group Limited.

LPM Group Limited (LPM) is an established precious metals retailer and wholesaler that offers a variety of unique products and collectibles. Besides retail and wholesale trading of precious metals, LPM provides a range of services such as secure storage, buy-back options, and assistance with setting up precious metals IRAs for retirement savings. The company is recognized for its partnerships with major mints and its commitment to providing quality products and services to its customers.

An average from the most recent 3 year period prior shows that LPM has roughly 27,000 retail customers. Annual sales of precious metals include 108,000 ounces of gold and 6.3 million ounces of 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. An additional $37.5 million in cash incentives for the company to reach specific EBITDA goals in the coming years.

In addition to JM Bullion, A-Mark has an ownership stake in a number of well-known bullion dealers such as BGASC, Silver.com, Pinehurst Coin Exchange, Provident Metals and BullionMax.

In the same announcement, A-Mark has announced that Pinehurst will acquire Modern Coin Mark (MCM) in a cash deal reportedly worth $5.5 million.

Pinehurst specialize in buying and selling gold and silver bullion, modern collectible coins, and numismatic rarities catering to both investors and collectors.

Established in 2004, MCM has grown to become one of the leading online retailers of modern coins, bullion products, and numismatic collectibles. MCM is known for its wide variety of gold, silver, platinum, and palladium coins from renowned mints around the world.

Apart from bullion, MCM deals in rare and collectible coins, primarily offering graded and certified coins by reputable third party grading services like NGC (Numismatic Guaranty Corporation) and PCGS (Professional Coin Grading Service).

Additionally, the announcement includes a joint venture consisting of A-Mark, Pinehurst and Stack’s Bowers Numismatics, LLC.

Stack’s Bowers Galleries is a prominent numismatic auction house in the United States, with a long and distinguished history specializing in rare coins, currency, and precious metals.

Stack’s Bowers has a reputation for handling some of the most significant numismatic rarities and collections in history, including the The D. Brent Pogue Collection. worth more than $200 million dollars. The $200 million collection included a number of notable coins from early American history during the period from 1792 through the 1830.

In 2021, the auction house made headlines when an ultra-rare 1933 Saint-Gaudens Double Eagle sold for $18.9 million, becoming the most expensive coin ever sold at auction. This coin is one of the last gold coins intended for circulation in the U.S. and was once owned by King Farouk of Egypt. It is the only 1933 Double Eagle that is legally permitted to be owned by a private individual, due to a unique legal circumstance.

Earn 8% eBay Bucks on eligible purchases, including Silver & Gold Bullion

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Sunshine Mint Silver Rounds ebay Bucks

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

eBay launched an eBay Bucks promotion this morning that allows buyers to earn 8% cash back eBay Bucks rewards on eligible purchases through November 15, 2018 at midnight Pacific time.

As usual, items listed in the bullion categories on eBay are ineligible to earn Bucks. However, there are many deals on gold, silver and junk bullion that trusted and reputable dealers have listed outside of the bullion categories that are eligible for earning eBay Bucks, including the 8% bonus.

To find out if you’re eligible for the eBay Bucks promotion, click this link to the eBay Bucks promotion page and click the “Activate” link.

https://pages.ebay.com/rewards/2018/1113.html

If you’re eligible to participate you will be brought to a confirmation page. If you are not eligible you will see a message stating that the offer cannot be activated and it may give you a reason.

Click here for lists of eBay Bucks eligible Gold, Silver and Junk bullion items.

Eligible items include rolls of American Silver Eagles, rolls of Canadian Silver Maple Leafs, fractional gold bars, 10 oz silver bars, 20 Franc Gold Coins, Gold Sovereign Coins, lots of 5 and 10 1 oz silver rounds and bars as well as 90% silver coinage in rolls and bags.