Quarterly report [Sections 13 or 15(d)]

Long-Term Investments

v3.25.1
Long-Term Investments
 9 Months Ended
Mar. 31, 2025
Long-Term Investments [Abstract]  
Long-Term Investments

10. LONG-TERM INVESTMENTS

The following table shows the carrying value and ownership percentage of the Company's investment in privately-held entities accounted for either under the equity or cost method (in thousands):

 

 

 

March 31, 2025

 

 

June 30, 2024

 

 

Investee

 

Carrying Value

 

 

Ownership Percentage

 

 

Carrying Value

 

 

Ownership Percentage

 

 

Pinehurst Coin Exchange, Inc.

 

$

—

 

 

 

—

%

(1)

$

17,503

 

 

 

49.0

%

 

Sunshine Minting, Inc.

 

 

18,484

 

 

 

44.9

%

 

 

18,603

 

 

 

44.9

%

 

Company A

 

 

283

 

 

 

33.3

%

 

 

283

 

 

 

33.3

%

 

Company B

 

 

2,154

 

 

 

50.0

%

 

 

2,036

 

 

 

50.0

%

 

Texas Precious Metals, LLC

 

 

7,378

 

 

 

12.0

%

 

 

7,236

 

 

 

12.0

%

 

Atkinsons Bullion & Coins

 

 

3,256

 

 

 

25.0

%

 

 

2,783

 

 

 

25.0

%

 

AMS Holding, LLC (2)

 

 

5,421

 

 

 

10.0

%

 

 

2,014

 

 

 

33.3

%

 

Company C

 

 

73

 

 

 

33.3

%

 

 

—

 

 

 

—

%

 

Company D

 

 

1,033

 

 

 

20.0

%

 

 

—

 

 

 

—

%

 

Company E

 

 

330

 

 

 

5.0

%

 

 

—

 

 

 

—

%

 

 

$

38,412

 

 

 

 

 

$

50,458

 

 

 

 

 

 

(1)
In February 2025, the Company acquired the remaining outstanding equity interests of Pinehurst; see Note 1 for further information.
(2)
APS Investment, LLC is a holding company that as of March 31, 2025 owned a 10% equity interest in AMS Holding, LLC. A-Mark, Pinehurst Coin Exchange, Inc. and Stack's Bowers Galleries each own a one-third equity interest in APS Investment, LLC. In February 2025, the Company acquired both SGI, the parent of Stack's Bowers Galleries and Pinehurst; as a result, the Company owned 100% of APS Investment, LLC and therefore a 10% equity interest of AMS Holding, LLC as of March 31, 2025. Prior to the acquisitions of SGI and Pinehurst in February 2025, the Company owned a 33.3% 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.