A-Mark Precious Metals, Inc. Annual report pursuant to Section 13 and 15(d)

Secured Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2019

Receivables consist of the following as of June 30, 2019 and June 30, 2018:



in thousands
	June 30, 2019		June 30, 2018

Customer trade receivables	$	13,050	$	22,813
Wholesale trade advances	9,704		10,722
Due from brokers	4,141		2,351
Subtotal	26,895		35,886
Less: allowance for doubtful accounts	—		(30		)
Receivables, net	$	26,895	$	35,856

The Company's secured loans by portfolio class, which align with management reporting, are as follows:



in thousands
	June 30, 2019				June 30, 2018
Bullion	$	92,899	74.1	%	$	72,128	65.3	%
Numismatic and semi-numismatic	32,399		25.9		38,296		34.7
	$	125,298	100.0	%	$	110,424	100.0	%

The Company desegregates its secured loans that are collateralized by precious metal products, as follows:



in thousands
	June 30, 2019				June 30, 2018
Loan-to-value of 75% or more	$	59,258	47.3	%	$	69,629	63.1	%
Loan-to-value of less than 75%	66,040		52.7		40,795		36.9
Secured loans collateralized by precious metal products	$	125,298	100.0	%	$	110,424	100.0	%

Below is a summary of the carrying value of our secured loans as of June 30, 2019 and June 30, 2018:



in thousands
	June 30, 2019			June 30, 2018

Secured loans originated	$	36,714		$	23,300
Secured loans originated - with a related party	14,058			12,523
	50,772			35,823
Secured loans acquired	74,526		⁽¹⁾	74,601		⁽²⁾
Secured loans	$	125,298		$	110,424

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(1) Includes $29 thousand of loan premium as of June 30, 2019.

(2) Includes $54 thousand of loan premium as of June 30, 2018.