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

Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities, at Fair Value (Tables)

Assets and Liabilities, at Fair Value (Tables)

3 Months Ended

Sep. 30, 2020

Schedule of Carrying Amounts and Estimated Fair Value of Fixed-Rate Notes Payable

The following table presents the carrying amounts and estimated fair values of the Company’s fixed rate notes payable of September 30, 2020 and June 30, 2020:

in thousands
	September 30, 2020				June 30, 2020
	Carrying Amount		Fair value		Carrying Amount		Fair value
Notes payable	$	92,692	$	101,407	$	92,517	$	101,017

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and June 30, 2020, aggregated by the level in the fair value hierarchy within which the measurements fall:

in thousands
	September 30, 2020
	Quoted
	Price in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Instruments		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Inventories⁽¹⁾	$	413,172	$	—	$	—	$	413,172
Precious metals held under financing arrangements		158,756		—		—		158,756
Derivative assets — open sale and purchase commitments, net		79,180		—		—		79,180
Derivative assets — futures contracts		22,316		—		—		22,316
Derivative assets — forward contracts		12,104		—		—		12,104
Total assets, valued at fair value	$	685,528	$	—	$	—	$	685,528
Liabilities:
Liabilities on borrowed metals	$	153,752	$	—	$	—	$	153,752
Product financing arrangements		101,599		—		—	$	101,599
Derivative liabilities — margin accounts		3,279		—		—		3,279
Derivative liabilities — open sale and purchase commitments, net		2,958		—		—		2,958
Derivative liabilities — futures contracts		7,260		—		—		7,260
Total liabilities, valued at fair value	$	268,848	$	—	$	—	$	268,848

(1)	Commemorative coin inventory totaling $9 thousand is held at lower of cost or net realizable value and thus is excluded from the inventories balance shown in this table.

in thousands
	June 30, 2020
	Quoted
	Price in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Instruments		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Inventories⁽¹⁾	$	321,264	$	—	$	—	$	321,264
Precious metals held under financing arrangements		178,577		—		—		178,577
Derivative assets — open sale and purchase commitments, net		46,224		—		—		46,224
Derivative assets — forward contracts		101		—		—		101
Total assets, valued at fair value	$	546,166	$	—	$	—	$	546,166
Liabilities:
Liabilities on borrowed metals	$	168,206	$	—	$	—	$	168,206
Product financing arrangements		74,678		—		—		74,678
Derivative liabilities — margin accounts		5,380		—		—		5,380
Derivative liabilities — open sale and purchase commitments, net		4,349		—		—		4,349
Derivative liabilities — futures contracts		12,477		—		—		12,477
Derivative liabilities — forward contracts		3,208		—		—		3,208
Total liabilities, valued at fair value	$	268,298	$	—	$	—	$	268,298

(1)	Commemorative coin inventory totaling $17 thousand is held at lower of cost or net realizable value thus is excluded from the inventories balance shown in this table.