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

Quarterly report pursuant to Section 13 or 15(d)

Long-Term Investments

Long-Term Investments

9 Months Ended

Mar. 31, 2023

10. LONG-TERM INVESTMENTS

As of March 31, 2023, the Company had six investments in privately-held entities. The following table shows the carrying value and ownership percentage of the Company's investment in each entity:


in thousands
	March 31, 2023					June 30, 2022
Investee (1)	Carrying Value		Ownership Percentage			Carrying Value		Ownership Percentage
Silver Gold Bull, Inc.	$	42,377		47.4	%	$	41,251		47.4	%
Pinehurst Coin Exchange, Inc.		15,049		49.0	%		13,843		49.0	%
Sunshine Minting, Inc.		16,448		44.9	%		13,497		44.9	%
Company A		233		33.3	%		233		33.3	%
Company B		2,007		50.0	%		2,004		50.0	%
Texas Precious Metals, LLC		4,881		12.0	%		—		—	%
	$	80,995				$	70,828

(1)

All of the Company's investees are accounted for using the equity method, with the exception of Company A, which is accounted for using the cost method.

We consider all of our equity method investees to be related parties. See Note 14 for a summary of the Company's aggregate balances and activity with these related party entities. Our investment in Company A is a recognized as a cost method investment and is not considered a related party.