APMEX

APMEX began with a simple coin collection. In 1999, Scott Thomas inherited a coin collection from his grandparents which he helped build while growing up. Thomas started going through this collection and upon discovering that it had a value in excess or $100,000, began selling on eBay. This pastime turned into a business of buying and selling old coins. This transitioned into a booth in an Edmond, OK strip mall and eventually into a brick-and-mortar coin store.

The coin shop's online presence grew to the point where he decided to launch an e-commerce website in 2004. Prior to the launch of the website the company shortened its name to APMEX from American Precious Metals Exchange. The 2008 recession increased demand for precious metals so much that APMEX saw $1 billion in sales in 2009. In addition to an expansion in international shipping to over 60 countries, this gave them the ability to upsize operations and moved into the old Federal Reserve building in downtown Oklahoma City in 2010.

In 2011, APMEX leased 10,000 square feet on the 50th floor of the 40 Wall Street tower. This lease along with the original space at the Federal Reserve building allows them to hold all of APMEX's products and 200+ employees within its over 80,000 square feet.

Currently, APMEX is one of the largest e-commerce retailers in the United States, providing a two-way market for buying and selling Precious Metals in the United States. It has a selection of over 20,000 products that include Gold, Silver, Platinum, Palladium, numismatics and semi-numismatics. APMEX also sells products for investing and collecting.

APMEX often sells silver products under its own brand. Those products come in both bars and rounds and a variety of sizes from 1/10 Oz rounds to 50 Oz bars. The products are minted with .999 fine silver.  For most of the APMEX branded products, the mint is unknown.

APMEX Products

     • Lunar series (1 Oz, 1/2 Oz)
     • Modern 1 Oz thematic rounds
     • Undated fractional coin replica rounds (1/2, 1/4, and 1/10 Oz)
     • Undated fractional thematic rounds (1/2, 1/4, and 1/10 Oz)