A-Mark Precious Metals, Inc. (“A-Mark”), a subsidiary of Spectrum Group International, Inc. (SPGZ) (“SGI”), announced today that they have signed an exclusive global distribution agreement with Sunshine Minting, Inc. (“SMI”), for SMI’s new line of branded bullion products that incorporates a Scrambled Indicia security feature into each product.
Greg Roberts, CEO of A-Mark and SGI, noted, “The distribution agreement with SMI is a natural fit for both companies as it leverages A-Mark’s core strength as a full service precious metals trading company and its international distribution network with SMI’s world class bullion manufacturing operation.”
Developed initially for the security printing industry, the SMI “MintMark SI™” security feature will be incorporated into the reverse of every new SMI branded bullion product. While not visible to the naked eye, when viewed through an adaptor for your iPhone™ or a unique decoding lens, the security feature becomes visible.
David Madge, president of A-Mark, observed, “This is a natural evolution for the bullion market. For years paper currency has been using security features to reduce the possibility of counterfeiting. Now SMI has made it possible to get a similar feature in their SMI branded bullion products.”
The new obverse design features the Sunshine Minting hallmark of an eagle with the sun and light rays in the background. Gold bars are certified to be 9999 fine, will initially be offered in the one ounce size and will ultimately range in size from 1 gram to 100 grams, are serialized and come in security packaging. Silver bars and rounds will feature the Sunshine Minting hallmark and are certified to be 999 fine, will initially be offered in ten and one ounce bars and rounds and will ultimately range in size from half ounce to 100 ounces. The reverse of each design incorporates the new security feature.
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