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, 2024

10. LONG-TERM INVESTMENTS

As of March 31, 2024, the Company had eight 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, 2024						June 30, 2023
Investee	Carrying Value		Ownership Percentage				Carrying Value		Ownership Percentage
Silver Gold Bull, Inc.	$	43,753		47.4	%		$	44,699		47.4	%
Pinehurst Coin Exchange, Inc.		16,994		49.0	%			15,999		49.0	%
Sunshine Minting, Inc.		19,356		44.9	%			17,719		44.9	%
Company A		283		33.3	%			233		33.3	%
Company B		2,015		50.0	%			2,005		50.0	%
Texas Precious Metals, LLC		6,734		12.0	%			5,465		12.0	%
Atkinsons Bullion & Coins		2,537		25.0	%			2,415		25.0	%
APS Investment, LLC		2,063		33.3	%	(1)		—		—	%
	$	93,735					$	88,535

(1)

APS Investment, LLC is a holding company that owns a 10% equity interest in AMS Holding, LLC. Pinehurst Coin Exchange, Inc. and Stack's Bowers Numismatics, LLC also each own a one-third equity interest in APS Investment, LLC.

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.