Louis E. Carabini entered the precious metals business in 1967, a time when there were no gold dealers due to the 1933 federal law prohibiting gold ownership. His first company, Pacific Coast Coin Exchange, was primarily devoted to trading in pre-1965 U.S. silver coins and pre-1933 gold coins. At that point in time, increasing prices for precious metals became evident to the investing public.
For 50 years, Monex has been America's trusted name in gold and other precious metals. With client transactions now totaling over $40 billion, Monex Deposit Company, established in 1987, is today America's premier precious metals dealer because of our dedication to customer service and satisfaction.
Today, three generations of the Carabini family are now working with Monex, including founder Louis Carabini, his son Michael, and Michael's daughter Christina. In addition, more than 20% of Monex employees have been with the company for a decade or more.
Our success and our reputation have been built from long and fruitful relationships with our clients. As a result of our clients' trust in Monex, 80% of our business is from clients doing repeat precious metals business, and about one-quarter of our new clients are referred to us by existing clients.
Located in Newport Beach, California, Monex Precious Metals is home to a large and dedicated staff of hard asset professionals committed to serving your precious metals investment needs and being America's best dealer with a convenient market and competitive precious metals prices.