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

6 Months Ended

Dec. 31, 2022

10. LONG-TERM INVESTMENTS

As of December 31, 2022, the Company had five investments in privately-held entities. The Company has determined that it is appropriate to account for four of these investments under the equity method of accounting, and the remaining investment under the cost method of accounting.

The following table shows the carrying value and ownership percentage of the Company's investment in each entity:


in thousands
	December 31, 2022					June 30, 2022
Investee (1)	Carrying Value		Ownership Percentage			Carrying Value		Ownership Percentage
Silver Gold Bull, Inc.	$	42,655		47.4	%	$	41,251		47.4	%
Pinehurst Coin Exchange, Inc.		14,827		49.0	%		13,843		49.0	%
Sunshine Minting, Inc.		16,531		44.9	%		13,497		44.9	%
Company A		233		33.3	%		233		33.3	%
Company B		2,005		50.0	%		2,004		50.0	%
	$	76,251				$	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.

The Company considers 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. Company A is a cost method investment, which is not a related party.