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

Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities, at Fair Value (Tables)

Assets and Liabilities, at Fair Value (Tables)

3 Months Ended

Sep. 30, 2021

Schedule of Carrying Amounts and Estimated Fair Value of Fixed-Rate Notes Payable

The following table presents the carrying amounts and estimated fair values of the Company’s fixed-rate notes payable of September 30, 2021 and June 30, 2021:

in thousands
	September 30, 2021				June 30, 2021
	Carrying Amount		Fair value		Carrying Amount		Fair value
Notes payable	$	93,446	$	100,149	$	93,249	$	100,724

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis as of September 30, 2021 and June 30, 2021, aggregated by each fair value hierarchy level:

in thousands
	September 30, 2021
	Quoted
	Price in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Instruments		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Inventories⁽¹⁾	$	564,996	$	—	$	—	$	564,996
Precious metals held under financing arrangements		130,618		—		—		130,618
Derivative assets — open sale and purchase commitments, net		15,212		—		—		15,212
Derivative assets — futures contracts		23,289		—		—		23,289
Derivative assets — forward contracts		31,284		—		—		31,284
Total assets, valued at fair value	$	765,399	$	—	$	—	$	765,399
Liabilities:
Liabilities on borrowed metals	$	74,618	$	—	$	—	$	74,618
Product financing arrangements		219,420		—		—		219,420
Derivative liabilities — open sale and purchase commitments, net		67,935		—		—		67,935
Derivative liabilities — margin accounts		2,162		—		—		2,162
Derivative liabilities — futures contracts		—		—		—		—
Derivative liabilities — forward contracts		251		—		—		251
Total liabilities, valued at fair value	$	364,386	$	—	$	—	$	364,386

(1)	Commemorative coin inventory totaling $709 thousand is held at lower of cost or realizable value, and thus is excluded from the inventories balance shown in this table.

in thousands
	June 30, 2021
	Quoted
	Price in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Instruments		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Inventories⁽¹⁾	$	457,613	$	—	$	—	$	457,613
Precious metals held under financing arrangements		154,742		—		—		154,742
Derivative assets — open sale and purchase commitments, net		38,340		—		—		38,340
Derivative assets — futures contracts		4,510		—		—		4,510
Derivative assets — forward contracts		1,686		—		—		1,686
Total assets, valued at fair value	$	656,891	$	—	$	—	$	656,891
Liabilities:
Liabilities on borrowed metals	$	91,866	$	—	$	—	$	91,866
Product financing arrangements		201,028		—		—		201,028
Derivative liabilities — open sale and purchase commitments, net		243		—		—		243
Derivative liabilities — margin accounts		2,806		—		—		2,806
Derivative liabilities — futures contracts		465		—		—		465
Derivative liabilities — forward contracts		4,025		—		—		4,025
Total liabilities, valued at fair value	$	300,433	$	—	$	—	$	300,433

(1)	Commemorative coin inventory totaling $406 thousand is held at lower of cost or net realizable value, and thus is excluded from the inventories balance shown in this table.