{"id":1111,"date":"2022-09-12T20:35:07","date_gmt":"2022-09-12T20:35:07","guid":{"rendered":"https:\/\/findbullionprices.com\/blog\/?p=1111"},"modified":"2025-07-24T13:52:50","modified_gmt":"2025-07-24T13:52:50","slug":"a-mark-jm-bullion-acquires-bgasc","status":"publish","type":"post","link":"https:\/\/findbullionprices.com\/blog\/a-mark-jm-bullion-acquires-bgasc\/","title":{"rendered":"A-Mark\/JM Bullion acquires BGASC"},"content":{"rendered":"\n<p>On August 30, A-Mark announced that their <a href=\"https:\/\/www.bloomberg.com\/press-releases\/2022-08-30\/a-mark-precious-metals-direct-to-consumer-subsidiary-jm-bullion-to-acquire-assets-of-bgasc\" data-type=\"URL\" data-id=\"https:\/\/www.bloomberg.com\/press-releases\/2022-08-30\/a-mark-precious-metals-direct-to-consumer-subsidiary-jm-bullion-to-acquire-assets-of-bgasc\" target=\"_blank\" rel=\"noreferrer noopener\">JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash<\/a>.<\/p>\n\n\n\n<p>BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold Coins.<\/p>\n\n\n\n<p>Over the last few years, A-Mark has been leading an effort to consolidate and control many aspects of the bullion industry.<\/p>\n\n\n\n<p>The Silver Heist channel on YouTube recently posted a video discussing the potential for long term impacts to consumers resulting from A-Mark&#8217;s ongoing acquisition-streak in the retail bullion industry that <a href=\"https:\/\/www.globenewswire.com\/en\/news-release\/2021\/03\/19\/2196424\/31746\/en\/A-Mark-Closes-Previously-Announced-Acquisition-of-Retailer-JM-Bullion.html\" data-type=\"URL\" data-id=\"https:\/\/www.globenewswire.com\/en\/news-release\/2021\/03\/19\/2196424\/31746\/en\/A-Mark-Closes-Previously-Announced-Acquisition-of-Retailer-JM-Bullion.html\" target=\"_blank\" rel=\"noreferrer noopener\">began with JM Bullion in 2021<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"BIG Bullion Dealer Buys Other Dealer, Leading to Very Bad Things\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/AZBERnuJDwo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\"><em>&#8220;Big Bullion Dealer Buys Other Dealer&#8221;<\/em>, Silver Heist on YouTube!<\/figcaption><\/figure>\n\n\n\n<script type=\"application\/ld+json\"> \t{   \"@context\": \"http:\/\/schema.org\",   \"@type\": \"VideoObject\",   \"name\": \"Big Bullion Dealer Buys Other Dealers, Leading to Very Bad Things\",   \"description\": \"Discussion and commentary of A-Mark\/JM Bullion recent acquisition of BGASC and the impact of other investments in the supply chain\",   \"uploadDate\": \"2022-09-03\",   \"thumbnailUrl\": \"https:\/\/i.ytimg.com\/vi\/AZBERnuJDwo\/hqdefault.jpg\",   \"contentUrl\": \"https:\/\/findbullionprices.com\/blog\/?p=1111\" } <\/script>\n\n\n\n<p>As pointed out in the video,  A-Mark has been acquiring stakes in many companies across all segments of the precious metals industry. The acquisitions have included refineries, smelters, wholesalers, distributors and retailers.<\/p>\n\n\n\n<p>A-Mark now has control of an entire vertical segment from raw material to finished investment and industrial products. They have a stake in companies throughout all facets of the supply chain. Starting with the refineries, which is close to the point of extraction from mines. <\/p>\n\n\n\n<p>At the refiner level of the supply chain the company has access to raw material from miners, recyclers and others through the ownership of Sunshine Minting and <a href=\"https:\/\/findbullionprices.com\/collection\/Silvertowne-Products\/\">Silvertowne Mint<\/a>.<\/p>\n\n\n\n<p>Sunshine Minting was established in 1979 in Coeur d&#8217;Alene, Idaho. In 2007, the company was acquired by Tom and Patricia Power. <\/p>\n\n\n\n<p>In 2020, <a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/12\/09\/2142612\/0\/en\/A-Mark-Precious-Metals-Acquires-Minority-Interest-in-Sunshine-Minting.html\" data-type=\"URL\" data-id=\"https:\/\/www.globenewswire.com\/news-release\/2020\/12\/09\/2142612\/0\/en\/A-Mark-Precious-Metals-Acquires-Minority-Interest-in-Sunshine-Minting.html\" target=\"_blank\" rel=\"noreferrer noopener\">A-Mark acquired a 31.1% stake in Sunshine Minting<\/a>, which included a joint-venture in Shanghai, China.<\/p>\n\n\n\n<p>Sunshine Minting plays an important role in the minting and distribution of American Silver Eagle coins.<\/p>\n\n\n\n<p>The US Mint sources blank silver planchets from private mints and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.coinworld.com\/news\/precious-metals\/sunshine-mint-producing-silver-planchets-at-capacity.html\" data-type=\"URL\" data-id=\"https:\/\/www.coinworld.com\/news\/precious-metals\/sunshine-mint-producing-silver-planchets-at-capacity.html\" target=\"_blank\">Sunshine Minting is a primary supplier of the raw blanks that are pressed into Silver Eagle coins<\/a>. <\/p>\n\n\n\n<p>A-Mark is also one of the &#8220;Authorized Purchasers&#8221; of wholesale products that are produced by the US Mint.<\/p>\n\n\n\n<p>As an approved wholesalers, A-Mark is able to purchase products from the mint at a fixed markup.<\/p>\n\n\n\n<p>According to business guidelines published by the US Mint in the spring of 2022, <a href=\"https:\/\/www.usmint.gov\/news\/consumer-alerts\/business-guidelines\/authorized-purchaser-program\" data-type=\"URL\" data-id=\"https:\/\/www.usmint.gov\/news\/consumer-alerts\/business-guidelines\/authorized-purchaser-program\" target=\"_blank\" rel=\"noreferrer noopener\">the current wholesale premium from the US Mint for American Silver Eagle coins is $2.35 per coin<\/a>.<\/p>\n\n\n\n<p><strong>A-Mark and American Silver Eagle Retail Distribution<\/strong><\/p>\n\n\n\n<p>As of this morning, the lowest current online retail premiums from A-Mark affiliated bullion dealers is <a rel=\"noreferrer noopener\" href=\"https:\/\/findbullionprices.com\/p\/2022-American-Eagle-1-oz-silver-coin\/\" data-type=\"URL\" data-id=\"https:\/\/findbullionprices.com\/p\/2022-American-Eagle-1-oz-silver-coin\/\" target=\"_blank\">$14.41 per coin from BGASC, earning A-Mark affiliated investments a gross premium of $12.06 per coin over the combined spot price and $2.35 manufacturing cost of the US Mint<\/a>.&nbsp; <\/p>\n\n\n\n<p>Other A-Mark affiliated online retailers that are listed on <a href=\"http:\/\/FindBullionPrices.com\">FindBullionPrices.com<\/a> offer this exact same product at even higher price points and premiums.<\/p>\n\n\n\n<p>In a way, A-Mark is able to strategic leverage their position in the industry&nbsp;to outsource the manufacturing of Silver Eagles to the US Mint at a fixed cost that they then sell at various price points through retail channels that they have influence over through investments or full ownership control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash. BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold &#8230; <a title=\"A-Mark\/JM Bullion acquires BGASC\" class=\"read-more\" href=\"https:\/\/findbullionprices.com\/blog\/a-mark-jm-bullion-acquires-bgasc\/\">Read more<span class=\"screen-reader-text\">A-Mark\/JM Bullion acquires BGASC<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,4,739,281],"tags":[579,522,671,669,670,66,160],"class_list":["post-1111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-american-silver-eagle","category-bullion-dealers","category-jm-bullion-dealers","category-us-mint","tag-a-mark","tag-acquisition","tag-bgasc","tag-bullion-industry","tag-consolidation","tag-silver-eagles","tag-us-mint"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A-Mark\/JM Bullion acquires BGASC - FindBullionPrices.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/findbullionprices.com\/blog\/a-mark-jm-bullion-acquires-bgasc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A-Mark\/JM Bullion acquires BGASC - FindBullionPrices.com\" \/>\n<meta property=\"og:description\" content=\"On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash. 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