Amendment: SEC Form SCHEDULE 13D/A filed by A-Mark Precious Metals Inc.

(b) The address of Gregory N. Roberts, William A. Richardson and Silver Bow Ventures, LLC is c/o A-Mark Precious Metals, Inc., 2121 Rosecrans Ave., Suite 6300, El Segundo, CA 90245.

(c) The principal occupation of Gregory N. Roberts is Chief Executive Officer of the Issuer. The principal occupation of William A. Richardson is Chief Executive Officer of W.A. Richardson Builders, LLC. The principal business of Silver Bow Ventures, LLC is the investment in securities. Gregory N. Roberts and William A. Richardson each owns fifty percent of the outstanding membership interests in Silver Bow Ventures, LLC.

(d)-(e) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) Each of Gregory N. Roberts and William A. Richardson is a citizen of the United States. Silver Bow Ventures, LLC is a limited liability company formed under the laws of the State of Nevada.

This Amendment reports recent transactions in the Issuer's Common Stock involving the personal funds of Mr. Roberts and Mr. Richardson and the working capital of Silver Bow Ventures, LLC. Information in Item 3 in the Schedule 13D and Amendment Nos. 1 and 2, and Item 4 below, is incorporated herein by reference.

The securities of the Issuer acquired by each of the Reporting Persons, as described in this Amendment, were acquired for investment purposes. On February 28, 2025, Spectrum Group International, Inc. ("SGI") merged with a subsidiary of the Issuer, in which transaction the holders of common stock of SGI received, as partial consideration, shares of Issuer Common Stock. The shares of Issuer Common Stock issued as consideration in the merger were valued at $27.51 per share. The Reporting Persons acquired beneficial ownership of Issuer Common Stock as merger consideration for their surrender of their SGI common stock as follows: Gregory N. Roberts 32,340 Issuer shares directly 289,316 Issuer shares through Silver Bow Ventures, LLC William A. Richardson 291,783 Issuer shares directly 289,316 Issuer shares through Silver Bow Ventures, LLC Silver Bow Ventures, LLC 289,316 Issuer shares In connection with the merger, the Reporting Persons have rights to acquire additional shares if and to the extent that the Issuer is not indemnified for breaches by SGI of its representations and covenants under the merger agreement in specified periods following the merger, as follows: Gregory N. Roberts 20,224 shares William A. Richardson 40,621 shares Silver Bow Ventures, LLC 20,224 shares These rights to acquire Issuer shares are not currently exercisable and will not become exercisable within 60 days of the filing date of this Amendment. Silver Bow Ventures, LLC surrendered shares of SGI common stock representing 18.7% of the outstanding class (the only outstanding class of SGI securities) in the merger. Not including their indirect holdings through Silver Bow Ventures, LLC, Mr. Richardson surrendered shares of SGI common stock representing 18.5% of the outstanding class and Mr. Roberts surrendered shares of SGI common stock representing 1.9% of the outstanding class in the merger. Mr. Richardson acquired 15% of the outstanding class of SGI common stock on February 18, 2025 by exercise of warrant for aggregate consideration of $2,090,000, paid with personal funds. The Reporting Persons, as investors in the Issuer, have no plans or proposals for the Issuer regarding matters listed in subsections (a) through (j) of Item 4 of Rule 13d-101. Mr. Roberts, in his capacity as Chief Executive Officer and a Director of the Issuer, participates in the management of the Issuer. In this regard, the Issuer has announced its intention to acquire ________, LLCn, the details of which are disclosed in the Issuer's Form 8-K filed on March __, 2025. Information in Item 4 in the Schedule 13D and Amendments Nos. 1 and 2 is incorporated by reference into this Item.

(a), (b) and (c). Mr. Richardson has beneficial ownership of 3,011,409 shares of Common Stock (12.2% of the outstanding class), Silver Bow Ventures, LLC has beneficial ownership of 1,847,192 shares of Common Stock (7.5% of the outstanding class) and Mr. Roberts has beneficial ownership of 2,724,194 shares of Common Stock (10.7% of the outstanding class). Mr. Richardson's and Mr. Roberts' beneficial ownership in each case includes the 1,847,192 shares of Common Stock owned directly by Silver Bow Ventures, LLC, as to which Mr. Richardson and Mr. Roberts share voting and dispositive power. In addition to his beneficial ownership of shares owned by Silver Bow Ventures, LLC, Mr. Richardson has sole voting and sole dispositive power over 1,164,217 shares of Common Stock. In addition to his beneficial ownership of shares owned by Silver Bow Ventures, LLC, Mr. Roberts has sole voting power and dispositive power over 60,542 shares of Common Stock, and has rights to acquire beneficial ownership, as sole voting and sole dispositive power, of 816,460 shares of Common Stock that are currently exercisable or will become exercisable within 60 days of the filing date of this Amendment. These rights to acquire are stock options granted by the Issuer for compensatory purposes. Percentages of the outstanding class of Common Stock set forth in this Item 5 are based on 24,623,967 shares of Common Stock outstanding at March 3, 2025 (which includes shares issued in the merger described above), based on information provided by the Issuer. Information in Item 4 of this Amendment No. 3 to Schedule 13D is incorporated by reference into this Item. (d) Not applicable. (e) Not applicable.

Mr. Richardson and Mr. Roberts are the Managing Members of Silver Bow Ventures, LLC, with shared power to vote or dispose of securities held by Silver Bow Ventures, LLC.

99.1 Joint Filing Agreement (incorporated by reference to the Schedule 13D)