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| In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions (KTT). The company maintained a ] model serving the ] market, selling ] and ] ] exclusively to coin shops and precious metals retailers.<ref>{{cite web|title=Family Owned Kaspar Companies Keeps Spinning Steel Into Gold in Shiner|url=http://shalemag.com/business-the-texas-way/|publisher=Shale Magazine}}</ref> | In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions (KTT). The company maintained a ] model serving the ] market, selling ] and ] ] exclusively to coin shops and precious metals retailers.<ref>{{cite web|title=Family Owned Kaspar Companies Keeps Spinning Steel Into Gold in Shiner|url=http://shalemag.com/business-the-texas-way/|publisher=Shale Magazine}}</ref> | ||
| In 2015, ] recognized Texas Precious Metals as a member of the Inc. 500. Texas Precious Metals, the largest subsidiary of Kaspar Texas Traditions comprising 99.8% revenue, was ranked the #200 fastest growing private company in America with a 3-year growth rate of 2,095%.<ref>{{ |
In 2015, ] recognized Texas Precious Metals as a member of the Inc. 500. Texas Precious Metals, the largest subsidiary of Kaspar Texas Traditions comprising 99.8% revenue, was ranked the #200 fastest growing private company in America with a 3-year growth rate of 2,095%.<ref>{{Cite web|url=http://www.inc.com/profile/kaspar-texas-traditions|title=Texas Precious Metals - Kaspar Texas Traditions Ranked #200 in Inc 5000}}</ref> | ||
| In 2016, Texas Precious Metals responded to Texas HB 483 with a proposed solution for the ]<ref>{{cite web|title=Texas Tribune|url=https://www.texastribune.org/2015/10/30/gold-firms-hope-help-texas-build-gold-depository/}}</ref> but lost its bid to Lone Star Tangible Assets.<ref>Andy Duehren, , ''The Texas Tribune'', June 14, 2017</ref> | In 2016, Texas Precious Metals responded to Texas HB 483 with a proposed solution for the ]<ref>{{cite web|title=Texas Tribune|date=30 October 2015 |url=https://www.texastribune.org/2015/10/30/gold-firms-hope-help-texas-build-gold-depository/}}</ref> but lost its bid to Lone Star Tangible Assets.<ref>Andy Duehren, , ''The Texas Tribune'', June 14, 2017</ref> | ||
| ==Products== | ==Products== | ||
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Latest revision as of 08:00, 10 February 2024
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| Company type | Private |
|---|---|
| Industry | Precious metals |
| Founded | 2011 (2011) |
| Headquarters | Shiner, Texas, United States |
| Area served | North America |
| Key people | Tarek Saab, President & Co-founder Jason Kaspar, Co-founder |
| Products | Gold coins and bars Silver coins and bars |
| Revenue | 2013: $180.1M 2014: $153.2M |
| Website | www.texmetals.com |
Texas Precious Metals, based in Shiner, Texas, is one of the largest precious metals dealers in the United States. The company reported annual revenues of $180.1 million in 2013 and $153.2 million in 2014. The company is recognized as a market maker for United States Mint products and is an official distributor for the Perth Mint of Australia.
History
In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions (KTT). The company maintained a business-to-business model serving the wholesale market, selling gold and silver bullion exclusively to coin shops and precious metals retailers.
In 2015, Inc. (magazine) recognized Texas Precious Metals as a member of the Inc. 500. Texas Precious Metals, the largest subsidiary of Kaspar Texas Traditions comprising 99.8% revenue, was ranked the #200 fastest growing private company in America with a 3-year growth rate of 2,095%.
In 2016, Texas Precious Metals responded to Texas HB 483 with a proposed solution for the Texas Bullion Depository but lost its bid to Lone Star Tangible Assets.
Products
The company's signature product is the Texas Silver Round.
The Perth Mint Partnership
In 2014, Texas Precious Metals and the Perth Mint of Australia released the Houston-Perth "Sister Cities" coin, commemorating the strong ties between the cities' energy sectors.
Corporate identity
Texas Precious Metals owns the trademark for industry usage of the image of the state of Texas along with the slogan “Business the Texas Way.”
Associations
Texas Precious Metals is a member of the Industry Council for Tangible Assets (ICTA) and the American Numismatic Association (ANA).
References
- ^ "Texas Precious Metals Revenue Tops $180M in 2013". Texas Precious Metals.
- ^ "Texas Precious Metals Reports 2014 Gross Revenue of $153.2M". Texas Precious Metals.
- "USA Today "Service makes precious metals start-up shine"". USA Today.
- "UPS "The Gold Standard of Shipping"". UPS Logistics.
- "Success story: Precious metals company grows revenue to $200 million". UPS Logistics.
- "Perth Mint Coin Distributors - United States of America". The Perth Mint - Australia.
- "Family Owned Kaspar Companies Keeps Spinning Steel Into Gold in Shiner". Shale Magazine.
- "Texas Precious Metals - Kaspar Texas Traditions Ranked #200 in Inc 5000".
- "Texas Tribune". 30 October 2015.
- Andy Duehren, "Texas taps private vendor to manage first state-run gold depository in U.S.", The Texas Tribune, June 14, 2017
- "Texas Silver Round". Texas Precious Metals.
- "Press Release - Texas Precious Metals and The Perth Mint, Australia Partner on Energy-themed, Limited Edition 1/2 oz Silver Coin". Marketwatch.
- "US Patent Office - Business the Texas Way". US Patent Office.
- "US Patent and Trademark Database - Texas Logomark". US Patent Office.
- "ITCA - Tarek Saab (Texas Precious Metals)". Industry Council for Tangible Assets.
- "AMA Members - Texas Precious Metals". American Numismatic Association.