Quarterly report pursuant to Section 13 or 15(d)

Long-Term Investments

v3.24.3
Long-Term Investments
 3 Months Ended
Sep. 30, 2024
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):

 

 

 

September 30, 2024

 

 

June 30, 2024

 

 

Investee

 

Carrying Value

 

 

Ownership Percentage

 

 

Carrying Value

 

 

Ownership Percentage

 

 

Pinehurst Coin Exchange, Inc.

 

$

17,998

 

 

 

49.0

%

 

$

17,503

 

 

 

49.0

%

 

Sunshine Minting, Inc.

 

 

18,000

 

 

 

44.9

%

 

 

18,603

 

 

 

44.9

%

 

Company A

 

 

283

 

 

 

33.3

%

 

 

283

 

 

 

33.3

%

 

Company B

 

 

2,064

 

 

 

50.0

%

 

 

2,036

 

 

 

50.0

%

 

Texas Precious Metals, LLC

 

 

7,689

 

 

 

12.0

%

 

 

7,236

 

 

 

12.0

%

 

Atkinsons Bullion & Coins

 

 

2,965

 

 

 

25.0

%

 

 

2,783

 

 

 

25.0

%

 

APS Investment, LLC (1)

 

 

2,006

 

 

 

33.3

%

 

 

2,014

 

 

 

33.3

%

 

 

$

51,005

 

 

 

 

 

$

50,458

 

 

 

 

 

 

(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.