Exhibit 16.

KPMG LLP

Suite 700

20 Pacifica

Irvine, CA

92618-3391

April 7, 2014

Securities and Exchange Commission

Washington, D.C. 20549

Ladies and Gentlemen:

We were previously principal accountants for Spectrum Group International, Inc. (SGI) and, under the date of October 15, 2013, we reported on the consolidated financial statements of SGI as of and for the year ended June 30, 2013. On February 20, 2014, we were dismissed. We have read SGI’s statements included under Item 4.01 of its Form 8-K dated February 20, 2014, and we agree with such statements, except that we are not in a position to agree or disagree with SGI’s statement that BDO USA, LLP was engaged as principal accountants for SGI, the decision to change accountants was approved by the board of directors of SGI, and BDO USA, LLP was not consulted as to the application of accounting principles, the type of audit opinion that might be rendered, or any matter that was the subject of a disagreement or a reportable event.

Very truly yours,

/s/ KPMG LLP