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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Secured Loans Receivable (Tables)

v3.21.2

Secured Loans Receivable (Tables)

3 Months Ended

Sep. 30, 2021

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Receivables

Receivables consist of the following as of September 30, 2021 and June 30, 2021:

in thousands
	September 30, 2021		June 30, 2021
Customer trade receivables	$	84,615	$	12,197
Wholesale trade advances		17,047		26,959
Due from brokers		2,860		49,844
	$	104,522	$	89,000

Schedule of Classes for Financing Receivables

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

in thousands
	September 30, 2021				June 30, 2021
Bullion	$	91,586	83.0	%	$	88,332	78.2	%
Numismatic and semi-numismatic		18,520	16.8	%		24,636	21.8	%
Graded sports memorabilia		217	0.2	%		—	0.0	%
	$	110,323	100.0	%	$	112,968	100.0	%

Schedule of Financing Receivable Credit Quality Indicators

Below is summary of aggregate outstanding secured loan balances bifurcated into (i) loans with a LTV ratio of less than 75% and (ii) loans with a LTV ratio of 75% or more:

in thousands
	September 30, 2021					June 30, 2021
Loan-to-value of less than 75%	$	36,548	33.1	%		$	96,602	85.5	%
Loan-to-value of 75% or more		73,775	66.9	%	⁽¹⁾		16,366	14.5	%
	$	110,323	100.0	%		$	112,968	100.0	%

(1)	The number of loans with LTV ratios of 75% or greater decreased subsequent to September 30, 2021, as precious metal prices have increased.

Financing Receivable

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Receivables

Below is a summary of the carrying value of our secured loans as of September 30, 2021 and June 30, 2021:

in thousands
	September 30, 2021			June 30, 2021
Secured loans originated	$	32,392		$	36,080
Secured loans originated - with a related party		10			3,042
		32,402			39,122
Secured loans acquired		77,921	⁽¹⁾		73,846	⁽²⁾
	$	110,323		$	112,968

(1)	Includes $4 thousand of loan premium as of September 30, 2021

(2)	Includes $5 thousand of loan premium as of June 30, 2021.

- Definition

Schedule Of Class Of Financing Receivable [Table Text Block]

+ References

No definition available.

+ Details

Name:	amrk_ScheduleOfClassOfFinancingReceivableTableTextBlock
Namespace Prefix:	amrk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Details

Name:	us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_FinanceReceivablesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: