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Monex
Monex

Monex

Monex Precious Metals is a United States bullion dealer that buys and sells precious metals to retail clients headquartered in Newport Beach, California. The company offers Gold, Silver, Platinum and Palladium coins, bars, bullion rounds, collectibles and other numismatics products from various mints around the world. In the mid-1960s, Louis E. Carabini studied classic economic principles and became keenly aware of the impact of the devaluing dollar. And in 1965, the government made a monumental change that ended the longstanding use of 90% silver coinage. Carabini foresaw that precious metal investments will come of age in America. He personally sourced several $1,000 face value bags of U.S. silver quarters, and in 1967, opened a small coin shop in Long Beach, California.

In February of 1971, Louis Carabini thought about offering bulk gold coins. Though bullion was illegal to investors, collectors could purchase pre-1932 gold coinage. Demand outpaced expectations tenfold. Mr. Carabini had established great relationships with the large bullion banks that enabled this exceptional market service. In 1973, Monex International, Ltd was born and the business moved its operations to the Newport Beach location where the current Monex company, Monex Deposit Company, still resides, and expanded its list of available commodities to include platinum.

Monex Deposit Company, and the Atlas account, began in 1987. Also that year, there was the introduction of the first platinum bullion coin in Australia that was followed the next year with the Royal Canadian Mint's Platinum Maple Leaf. Palladium bullion sales at Monex started May of 1989. By the late 80s, Monex had a wide range of bullion coin and bar products in the four popular precious metals, gold, silver, platinum and palladium.

In the 1990s, precious metals saw consolidation, dishoarding, lower prices, and media disinterest. This resulted in Monex International, Ltd. discontinuing operations and moving forward as Monex Deposit Company, a reseller and service provider engaged more with the market than with precious metals themselves.

In 1982, the Royal Canadian Mint embarked on their first minting venture with a private company, Monex International, Ltd.. This resulted in the production of the pure Monex Silver Eagle. This one-ounce Monex branded ingot was a very successful addition to the list of commodities available from the company at the time. It was the predecessor to many government issued bullion coins to be introduced in the eighties, including the Canadian Maple Leaf and the United States American Eagle coins. Consequently, this round produced by Monex is historically significant in the world of government issued bullion. In 1988, the minted a $10 Eagle 1 Oz convertible round which could be sold back to the company for the greater of $10 or the silver value at any point through December 31, 1988. Both of these rounds were minted with .999 Fine Silver.

 

Monex Products

     • Eagle 1 Oz round (1982)
     • 1988 $10 Eagle 1 Oz convertible round

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