(September 9, 2011 – Irvine, Calif.) – A-Mark Precious Metals, Inc. (“A-Mark”), a subsidiary of Spectrum Group International, Inc. (SPGZ.PK) (“SGI”), announced today that David Madge has joined SGI’s Trading Segment as the President of A-Mark. Mr. Madge comes to A-Mark after 17 years with the Royal Canadian Mint as the head of marketing for bullion products.
Greg Roberts, CEO of A-Mark and SGI, noted, “We are very pleased to add David to our senior executive team at A-Mark. We believe that David’s bullion market knowledge and experience will be instrumental in the continued expansion of our global trading operations.”
Rand LeShay, senior vice president of A-Mark, commented, “We saw firsthand the integral role David played at The Royal Canadian Mint during a time of unprecedented demand for bullion. We are confident that his leadership abilities will help A-Mark navigate the precious metals markets during both calm and volatile times.”
About Spectrum Group International, Inc.
Spectrum Group International, Inc., named to the Fortune 500 list in 2010, is a global trading and collectibles network. We are a trader of precious metals and an auctioneer of coins, stamps, wine, and antique arms, armor and historical memorabilia, serving both collectors and dealers. We are also a merchant/dealer of certain collectibles. Our collectibles offerings span the price spectrums from modest to ultra-high end. Furthermore, we offer loans to coin dealers, collectors and investors back by their precious metals, rare coin and other collectibles as collateral.
Our Trading business is conducted through A-Mark Precious Metals, Inc. and its subsidiaries. A-Mark is a full- service precious metal trading company, and an official distributor for many government mints throughout the world. A-Mark products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain, and our services include financing, leasing, consignment, hedging and various customized financial programs. A-Mark’s subsidiary, Collateral Finance Corporation, provides financing on a wide array of bullion and numismatic products.
Our Collectibles business operates as an integrated network of leading companies concentrating on numismatic (coins) and philatelic (stamps) materials, and rare and fine vintage wine. We have offices and auction houses in North America, Europe and Asia. In addition to traditional live auctions, we also conduct Internet and telephone auctions.
Our Collectibles companies in the philatelic field are auction houses H.R. Harmer Global Philatelic of Irvine, California, Corinphila Auktionen of Zurich, Switzerland, Heinrich Köhler Auktionshaus of Wiesbaden, Germany, Corinphila Veilingen B.V., Amstelveen, Netherlands, and John Bull Stamp Auctions, Ltd of Hong Kong. Spectrum Group’s Collectibles companies in the numismatics field include Stack’s Bowers Galleries (rare coin and currency auction house), Stack’s Bowers and Ponterio (world and ancient coins and currency auction house), Teletrade (online coin auctions) and Spectrum Numismatics International (wholesale rare coin dealer), all based in Irvine, California. Spectrum Wine Auctions is engaged in the sale by auction of rare and fine vintage wine.