Exhibit 21
Subsidiaries of Registrant (all 100% owed except where indicated)
Name of Subsidiary	Jurisdiction of Incorporation
A-Mark Precious Metals, Inc (80% owned)	New York
Collateral Finance Corporation, Inc.	Delaware
A-Mark Trading A.G.	Austria
Bowers and Merena Auction, LLC	Delaware
Spectrum Numismatics International, Inc.	California
Teletrade, Inc.	Delaware
Stack's-Bower Numismatic, LLC (51% owned)	Delaware
H.R. Harmer Global Philatelic Network, GmbH	Germany
Spectrum Wine Auctions, LLC	California
Corinphila Auktionen AG	Switzerlands
Corinphila Veilingen BV	The Netherlands
Heinrich Kohler Auktionshaus GmbH & Co. KG	Germany
Heinrich Kohler Briefmarkenhandel, GmbH & Co. KG	Germany
John bull Stamp Auctions, Ltd.	Hong Kong

Subsidiaries of Registrant (all 100% owed except where indicated)

Name of SubsidiaryJurisdiction of Incorporation

A-Mark Precious Metals, Inc.New York

(80% owned)

Collateral Finance Corporation, Inc.Delaware

A-Mark Trading A.G.Austria

Bowers and Merena Auctions LLCDelaware

Spectrum Numismatics International, Inc.California

Teletrade, Inc.Delaware

Stack's-Bowers Numismatics, LLCDelaware

(51% owned)

H.R. Harmer Global Philatelic

Network GmbHGermany

Spectrum Wine Auctions, LLCCalifornia

Corinphila Auktionen AGSwitzerland

Corinphila Veilingen BVThe Netherlands

Heinrich Kohler AuktionshausGmbH & Co. KGGermany

Heinrich Kohler Briefmarkenhandel, GmbH & Co. KGGermany

John Bull Stamp Auctions, Ltd.Hong Kong