Quarterly report pursuant to Section 13 or 15(d)

Long-Term Investments

v3.23.3
Long-Term Investments
 3 Months Ended
Sep. 30, 2023
Long-Term Investments [Abstract]  
Long-Term Investments

10. LONG-TERM INVESTMENTS

As of September 30, 2023, the Company had seven 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):

 

 

 

September 30, 2023

 

 

June 30, 2023

 

Investee

 

Carrying Value

 

 

Ownership Percentage

 

 

Carrying Value

 

 

Ownership Percentage

 

Silver Gold Bull, Inc.

 

$

44,927

 

 

 

47.4

%

 

$

44,699

 

 

 

47.4

%

Pinehurst Coin Exchange, Inc.

 

 

16,420

 

 

 

49.0

%

 

 

15,999

 

 

 

49.0

%

Sunshine Minting, Inc.

 

 

19,086

 

 

 

44.9

%

 

 

17,719

 

 

 

44.9

%

Company A

 

 

233

 

 

 

33.3

%

 

 

233

 

 

 

33.3

%

Company B

 

 

1,999

 

 

 

50.0

%

 

 

2,005

 

 

 

50.0

%

Texas Precious Metals, LLC

 

 

6,034

 

 

 

12.0

%

 

 

5,465

 

 

 

12.0

%

Atkinsons Bullion & Coins

 

 

2,521

 

 

 

25.0

%

 

 

2,415

 

 

 

25.0

%

 

$

91,220

 

 

 

 

 

$

88,535

 

 

 

 

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. 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 and is not considered a related party.