What started as one man selling his grandfather’s coin collection has grown into a billion dollar company with more than 200 employees. See our journey from a small strip-mall storefront to a multi-faceted business operation that strives to exceed expectations with a best-in-class shopping experience. At APMEX, we always put our customers’ needs first.
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Since opening for business with four employees selling Precious Metals out of a small storefront, APMEX has grown to an 80,000 square foot building with more than 200 people on staff. Over the last 15+ years, we have sold more than 130 million ounces of Gold and Silver in more than 60 countries around the world. Our employees have always been a vital part of our success. From our rapid growth in those first few years to expanding into a worldwide business as a top internet retailer, our dedicated employees believe in what we do.
An Established Business
Since opening its doors in 2000, APMEX remains one of the largest sources in the Precious Metals industry, providing buying, selling and educational resources.
A Top E-commerce Company
In 2017, APMEX was named #45 on Internet Retailer® magazine’s Top 500 Guide, while also ranking #1 specialty e-retailer for the third year in a row.
Growing up in a household that struggled with food insecurity, APMEX Founder and President Scott Thomas finds much to appreciate in the mission of the Regional Food Bank of Oklahoma. His passion for helping hungry Oklahomans has spread throughout the company, with regular food and fund drives and volunteer opportunities, which employees at all levels of the company enjoy participating in.
APMEX Opens For Business
APMEX opens their first storefront in Edmond, OK, with five employees. Gold spot is at $280.80 per ounce and Silver spot is at $5.00 per ounce.
APMEX Launches First Website
The new visibility creates a boost in orders and APMEX hires 11 new employees to fulfill daily business needs.
APMEX hits first milestone
APMEX reaches 10,000 customers as Gold rises to $432.90 per ounce with Silver up to $7.27 per ounce.
APMEX ships over 40,000 orders
One year after celebrating their first milestone, APMEX sees a surge of orders, shipping 40,000 packages with a total of 40 employees.
APMEX-Branded Silver is produced
The 1 oz Silver APMEX Bar is introduced as the first product in what quickly became a popular line of APMEX-branded Silver and Gold bars and rounds.
APMEX grows to 62 employees
Gold spot climbs to $1,000 per ounce. With a growing Precious Metals market, APMEX expands to 62 employees.
APMEX expands customer base to 100,000 customers
APMEX opens international shipping with orders to Canada and expands their customer base to 100,000 customers. They also launch their exclusive partnership with The Perth Mint of Australia with their first annual sweepstakes for a trip to Perth.
APMEX breaks $1 billion in sales
APMEX relocates to the Federal Reserve building in Oklahoma City, OK, with 100 employees on staff and hits a new milestone by breaking $1 billion in total sales with over 145,000 orders.
APMEX raises the bar on quality with MintDirect®
APMEX launches the MintDirect® program, guaranteeing products come directly from the mint to the customer.
APMEX provides secure storage
APMEX launches Citadel Global Depository Services, Inc., a wholly-owned subsidiary that provides maximum-security storage managed by global security leader Brink’s.
APMEX launches exclusive partnership with eBay
APMEX launches an exclusive partnership with eBay and creates the APMEX Bullion Center on eBay.com. Gold spot hits $1,689.99 per ounce.
APMEX ships to more than 60 countries worldwide
As global business expands, APMEX works with Oklahoma state officials to get SB 862 passed, providing sales-tax exemption on Oklahoma sales of Precious Metals bullion. APMEX also becomes one of only 10 worldwide Authorized Purchasers of Gold, Silver and Platinum bullion from the United States Mint.
APMEX celebrates 15 years in business
With over 460,000 customers, APMEX teams up with PayPal to offer customers another form of payment. APMEX ranks #46 in the Internet Retailer® Top 500 Guide. They surpass $6.7 billion in transactions with over 95 million ounces of Gold and Silver sold, while carrying more than 10,000 products in stock. Gold spot is at $1,189.50 per ounce with Silver spot at $15.97 per ounce.
APMEX remains in internet retailer top 500
For the second year in a row, APMEX ranks within the Internet Retailer® Top 500 Guide, advancing from #46 to #42. With more than $7.75 billion in transactions and over 130 million ounces of Gold and Silver sold, APMEX carries bullion from various government mints. Gold spot is at $1,272.90 per ounce with Silver spot at $17.16 per ounce.
APMEX stays in top 50 in the United States
For the third year, APMEX retained its top-50 spot in the Internet Retailer® Top 500 Guide while strengthening its reputation as a top Precious Metals resource by launching new tools for both investors and collectors. They near $10 billion in total sales with more than 165 million ounces of Gold and Silver sold. Gold spot hit $1,281.85 per ounce while Silver spot reached $17.92 per ounce.