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APMEX, Inc. , based in Oklahoma City, Oklahoma, is the world's largest online retailer of precious metals, with more than $ 6.5 billion in transactions since its inception in 1999. The company offers over 13,000 Gold, Silver, Platinum and Palladium coins, bars, bullion rounds, collectibles and other numismatic products from various candies.


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Products

APMEX offers Gold, Silver, Platinum and Palladium, including coins, bars, jewelry, eligible IRA products, billable coins and warning items. The company buys and sells bars and rounds, US Mint bar products, Royal Canadian Mint products, Krugerrands South Africa and other bullion coins from around the world. APMEX customers range from collectors, speculators, and investors to dealers, banks, and brokerage houses.

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Association

APMEX is a member of the American Numismatic Association, the International Precious Metals Institute, and the Industrial Council for Tangible Assets. APMEX is a major investor in the Greater Oklahoma City Chamber.

APMEX has a rating of A from the Better Business Bureau. By 2015, the Internet Retailer magazine is named the 46th APMEX of the top 500 Internet Retailers and 1st among retail e-retail retailers.

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History

Scott Thomas, an avid coin collector, was the underwriter for mortgage companies before establishing Edmond Coins and formed the American Precious Metals Exchange in Edmond, Oklahoma in 1999. The company's name was later shortened to APMEX. The website was launched in 2004.

In 2009, APMEX began to ship internationally to Canada and eventually expanded to 83 countries around the world. The rapid increase in demand for Logam Mulia helped the company achieve its first $ 1 billion sale in 2010

APMEX moved its headquarters to the former Federal Reserve Bank of Oklahoma City in 2010.

In 2011, APMEX publicly paid bail money using gold bullion to Donald Trump for commercial space at The Trump Building in Manhattan Financial District. The payout was published as a comment on the weakness of the US dollar.

In 2013, APMEX launched an exclusive partnership with eBay to create the APMEX Bullion Center on eBay, which became the eBay Seller of 2016.

In 2014, APMEX became one of the 10 Gold, Silver, and Platinum Gold Mint Buyers. This allows APMEX to purchase gold products directly from mint rather than through a third party distributor.

By 2017, APMEX stays at the top 50 of the Top 500 Internet® Reseller Guide for the third year in a row, establishing its reputation as the top precious metal resource. APMEX also integrates BitPay into its website to receive Bitcoin as a payment method.

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Timeline

  • 1999 - Edmond Coins established in Edmond, Oklahoma, and American Precious Metals Exchange set up
  • 2004 - APMEX launches the first website
  • 2007 - APMEX branded silver printed
  • 2010 - APMEX reached $ 1 billion in sales
  • 2010 - APMEX rents the location of the former Federal Reserve Bank of Oklahoma as its new headquarters
  • 2013 - APMEX launches an exclusive partnership with eBay
  • 2014 - APMEX sends to 83 countries worldwide
  • 2015 - APMEX celebrates 15 years in business and begins accepting PayPal payments
  • 2016 - APMEX moves from # 46 to # 42 on the Internet RetailerÃ,® Top 500 Guide
  • 2017 - APMEX integrates BitPay to start receiving Bitcoin as a payment method

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References

Source of the article : Wikipedia

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