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{{Infobox company {{Infobox company
| company_name = Texas Precious Metals | name = Texas Precious Metals
| logo = Texas Precious Metals Logo.jpg
| company_logo = ]
| logo_size = 250px
| company_slogan = "Doing business the Texas way”
| type = ]
⚫ | foundation = {{Start date|1898}}
| industry = ]s
| location = ], United States
⚫ | foundation = {{Start date|2011}}
| key_people = Jason Kaspar, Tarek Saab
| industry = ] | location = ], ]
| area_served = ]
| products = Gold Bullion<br>Silver Bullion<br>Platinum Bullion
| key_people = Tarek Saab, President & Co-founder
| market cap = US$ 141.463 billion (2008)
Jason Kaspar, Co-founder
|facilities = 100,000 sq. ft. manufacturing plant <br> 60,000 sq. ft. satellite manufacturing plan <br> 60,000 sq. ft. warehouse
| products = ] and bars<br>] and bars
⚫ | homepage =
| revenue = 2013: $180.1M<ref name=2013rev>{{cite web|title=Texas Precious Metals Revenue Tops $180M in 2013|url=https://www.texmetals.com/news/texas-precious-metals-sales-top-180-1m-in-2013-infographic/|publisher=Texas Precious Metals}}</ref><br />2014: $153.2M<ref name=2014rev>{{cite web|title=Texas Precious Metals Reports 2014 Gross Revenue of $153.2M|url=https://www.texmetals.com/news/texas-precious-metals-reports-2014-gross-revenue-of-153-2m/|publisher=Texas Precious Metals}}</ref>
⚫ | homepage =
}} }}
'''Texas Precious Metals'''<ref>https://www.texmetals.com</ref> is a leading gold and silver bullion dealer based in ] that serves dealers and investors in ]s.


'''Texas Precious Metals''', based in ], is one of the largest ] dealers in the United States.<ref>{{cite web|title=USA Today "Service makes precious metals start-up shine"|url=https://www.usatoday.com/story/money/business/2014/07/07/baverman-texas-precious-metals/12144145/|publisher=USA Today}}</ref><ref>{{cite web|title=UPS "The Gold Standard of Shipping"|url=https://www.youtube.com/watch?v=c97Tkp9OOlQ|publisher=UPS Logistics}}</ref> The company reported annual revenues of $180.1 million in 2013<ref name=2013rev /> and $153.2 million in 2014.<ref name=2014rev /> The company is recognized as a ] for ] products and is an official distributor for the ] of Australia.<ref>{{cite web|title=Success story: Precious metals company grows revenue to $200 million|url=http://compass.ups.com/precious-metals-company-grows-revenue-with-ups/|publisher=UPS Logistics}}</ref><ref>{{cite web|title=Perth Mint Coin Distributors - United States of America|url=http://www.perthmint.com.au/perth-mint-coin-distributors-united-states.aspx|publisher=The Perth Mint - Australia}}</ref>


==History== ==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 ] 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>{{Cite web|url=http://www.inc.com/profile/kaspar-texas-traditions|title=Texas Precious Metals - Kaspar Texas Traditions Ranked #200 in Inc 5000}}</ref>
Texas Precious Metals LLC is a Kaspar Company that began as a ] wholesaler, selling ] and ] ] exclusively to coin shops and local retailers. While still maintaining their status a wholesale bullion business, in May 2011, Texas Precious Metals expanded into the consumer retail market.

Kaspar Companies<ref>http://kasparcompanies.com/</ref> was founded in 1898 when August Kaspar made and sold his first wire basket. In the 1890s, ranchers had discarded their old smooth wire fences in favor of ]. August picked up some of the discarded wire and fashioned for himself a crude looking basket intended to help him carry hay and corn shucks from the barn to the animal stalls. A neighbor saw the basket and bought it for a dollar. He made a second basket which was sold to another neighbor, again for one dollar. With nothing more to work with than his hands and a pair of pliers, he began to weave large baskets in lots of a dozen or more, load them on a wagon, and peddle from farm to farm selling his baskets for a dollar each. A few of these baskets are still in existence today – treasured as antiques. Soon after, August began making other things from wire and finally quit farming altogether to make wire products full time. He built a wooden barn-like structure to house his new business venture and bought several machines to assist him – including hand-cranked and gas-powered wire straightening machines. These machines served to make his products much more presentable because he no longer had to work with crooked wire.

] He began selling his products through ] and ]s rather than peddle them door to door. Business boomed. August Kaspar was assisted in this venture by his son Arthur. Arthur was only 10 years old when he began to help his father with the new machines and with the basket making. As the company expanded its product line, it introduced wire shopping carts for grocery stores, considered by many to be the first "grocery carts" ever produced.

Through World War I, the Great Depression, World War II, and the Korean War, the Kaspar Wire Works successfully navigated through difficult economic times by staying debt-free and earning a reputation for quality workmanship and honest business practices.

Eventually Arthur passed the business to his son Don Kaspar. Don continued his father’s work and built the Wire Works into an international corporation. By the mid-1950's, the booming newspaper business had created a need for newspaper racks and dispensers, a business line which Don worked diligently to develop. To this day, 90% of all newspaper racks ever produced came from Sho-Rack, a Kaspar Company.

The company is still family owned and managed. Jason Kaspar is the CEO of Texas Precious Metals. He is a fifth-generation Kaspar and serves on the board of directors of Kaspar Companies. Tarek Saab<ref>http://www.imdb.com/name/nm2265867/</ref> is the co-founder and Chief Operating Officer of Texas Precious Metals. Saab was a finalist on NBC's television show, ] and author of the book "Gut Check."<ref>http://books.google.com/books/about/Gut_Check.html?id=snuDSAAACAAJ</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==


⚫ The company's signature product is the Texas Silver Round.<ref>{{cite web|title=Texas Silver Round|url=https://www.texmetals.com/silver-coins/texas-silver-rounds|publisher=Texas Precious Metals}}</ref>
Texas Precious Metals is one of the few direct dealers of ] and Australian ] products.

⚫ The company's signature product is the Texas Silver Round<ref>https://www.texmetals.com/silver-coins/texas-silver-rounds</ref>, a premium one troy ounce .9999 percent silver round.

]


==The Perth Mint Partnership==
The Texas Silver Round features the geographic outline of the State of Texas and the Texas Star on the obverse of the coin. The reverse design changes annually. The 2013 design features a Texas Cowboy riding horseback in full gallup with lasso extended and the 2014 features three longhorn cattle.
In 2014, Texas Precious Metals and the ] of Australia released the Houston-Perth "Sister Cities" coin, commemorating the strong ties between the cities' energy sectors.<ref>{{cite web|title=Press Release - Texas Precious Metals and The Perth Mint, Australia Partner on Energy-themed, Limited Edition 1/2 oz Silver Coin |url=http://www.marketwatch.com/story/texas-precious-metals-and-the-perth-mint-australia-partner-on-energy-themed-limited-edition-12-oz-silver-coin-2014-09-04|publisher=Marketwatch}}</ref>


==Corporate identity==
Texas Precious Metals is the only producer of Sealed Monster Boxes and mini Monster Boxes for silver rounds in the world. The boxes are produced with durable cold-rolled steel with a beige powder-coated finish. These boxes are sealed with heavy security plastic wrap and a unique holographic tamper evident seal.
Texas Precious Metals owns the ] for industry usage of the image of the state of Texas along with the slogan “Business the Texas Way.”<ref>{{cite web|title=US Patent Office - Business the Texas Way|url=http://tsdr.uspto.gov/#caseNumber=85897989&caseType=SERIAL_NO&searchType=statusSearch|publisher=US Patent Office}}</ref><ref>{{cite web|title=US Patent and Trademark Database - Texas Logomark|url=http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4809:6r2l33.2.1|publisher=US Patent Office}}{{nonspecific|date=August 2015}}</ref>


==Associations==
The 1 oz. Texas Silver Round is 39.6 mm in diameter and 3.3 mm thick.
Texas Precious Metals is a member of the Industry Council for Tangible Assets (ICTA)<ref>{{cite web|title=ITCA - Tarek Saab (Texas Precious Metals)|url=http://www.ictaonline.org/index.php?option=com_community&view=profile&userid=26867556|publisher=Industry Council for Tangible Assets}}</ref> and the ] (ANA).<ref>{{cite web|title=AMA Members - Texas Precious Metals|url=https://secure.money.org/cvweb/cgi-bin/utilities.dll/CustomList?ORGNAME_field=Texas+Precious+Metals&CITY_field=&STATECD=&ZIP_field=&COUNTRY=&ORGNAMEx=~Texas+Precious+Metals~&OWNERx=~Texas+Precious+Metals~&CITY=&ZIP=&RANGE=1%2F25&SHOWSQL=N&SORT=ORGNAME&SQLNAME=VIEWDEALERDIR&WHP=dealer_header_long.htm&WBP=dealer_list_long.htm|publisher=American Numismatic Association}}</ref>


==References== ==References==
{{reflist}} {{reflist}}


==External links==
* {{Official website|https://www.texmetals.com}}


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Latest revision as of 08:00, 10 February 2024

Texas Precious Metals
Company typePrivate
IndustryPrecious metals
Founded2011 (2011)
HeadquartersShiner, Texas, United States
Area servedNorth America
Key peopleTarek Saab, President & Co-founder Jason Kaspar, Co-founder
ProductsGold coins and bars
Silver coins and bars
Revenue2013: $180.1M
2014: $153.2M
Websitewww.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

  1. ^ "Texas Precious Metals Revenue Tops $180M in 2013". Texas Precious Metals.
  2. ^ "Texas Precious Metals Reports 2014 Gross Revenue of $153.2M". Texas Precious Metals.
  3. "USA Today "Service makes precious metals start-up shine"". USA Today.
  4. "UPS "The Gold Standard of Shipping"". UPS Logistics.
  5. "Success story: Precious metals company grows revenue to $200 million". UPS Logistics.
  6. "Perth Mint Coin Distributors - United States of America". The Perth Mint - Australia.
  7. "Family Owned Kaspar Companies Keeps Spinning Steel Into Gold in Shiner". Shale Magazine.
  8. "Texas Precious Metals - Kaspar Texas Traditions Ranked #200 in Inc 5000".
  9. "Texas Tribune". 30 October 2015.
  10. Andy Duehren, "Texas taps private vendor to manage first state-run gold depository in U.S.", The Texas Tribune, June 14, 2017
  11. "Texas Silver Round". Texas Precious Metals.
  12. "Press Release - Texas Precious Metals and The Perth Mint, Australia Partner on Energy-themed, Limited Edition 1/2 oz Silver Coin". Marketwatch.
  13. "US Patent Office - Business the Texas Way". US Patent Office.
  14. "US Patent and Trademark Database - Texas Logomark". US Patent Office.
  15. "ITCA - Tarek Saab (Texas Precious Metals)". Industry Council for Tangible Assets.
  16. "AMA Members - Texas Precious Metals". American Numismatic Association.

External links

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