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{{Infobox company {{Infobox company
| name = Texas Precious Metals | name = Texas Precious Metals
| logo = ] | logo = Texas Precious Metals Logo.jpg
| logo_size = 250px
| company_slogan = "Doing business the Texas way”
| type = ] | type = ]
| industry = ]s
| foundation = {{Start date|1898}} | foundation = {{Start date|2011}}
| location = ], United States | location = ], ]
| key_people =CEO Jason Kaspar, Founder <br> COO Tarek Saab, Founder
| industry = ]s | area_served = ]
| key_people = Tarek Saab, President & Co-founder
|area_served = North America
Jason Kaspar, Co-founder
| products = Gold coins and bars<br>Silver coins and bars<br> | products = ] and bars<br>] and bars
| revenue = Est. $200M +
| 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>
| facilities = 100,000 sq. ft. manufacturing plant <br> 60,000 sq. ft. satellite manufacturing plan <br> 60,000 sq. ft. warehouse
| homepage = | homepage =
}} }}


'''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>
'''Texas Precious Metals'''<ref></ref> is one of the largest ]s companies in North America (based on estimated annual revenue exceeding $200M). The company is recognized as a ] for ] products and is an official distributor for the ] of Australia
Texas Precious Metals is based in ], and is a subsidiary of Kaspar Companies, a manufacturing conglomerate founded in 1898.


==History of Texas Precious Metals== ==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>
⚫ In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions L.P. (KTT) The company maintained a ] model serving the ] market, selling ] and ] ] exclusively to coin shops and precious metals retailers. In May 2011, KTT purchased Texas Precious Metals outright from Saab & Company, Inc., naming Tarek Saab Chief Operating Officer of the new unit. Saab subsequently moved Texas Precious Metals into the consumer retail market.

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></ref> a premium one troy ounce .9999 percent silver round. The silver round is not legal tender. The silver content is comparable to government-issued coins. The round’s purity is matched only by the ]. 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>


==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 reverse design features a Texas Cowboy riding horseback in full gallop with lasso extended. The 2014 reverse design features three ] cattle. The 1&nbsp;oz. Texas Silver Round is 39.6&nbsp;mm in diameter and 3.3&nbsp;mm thick.
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==
Through it’s sister company, Kaspar Custom Fabrication, Texas Precious Metals produces “monster boxes” and “mini monster boxes” for silver rounds made of durable cold-rolled steel. A monster box is an industry standard shipping unit for silver containing 500 coins or rounds, and is usually made of plastic composite. The mini Monster Box is unique to Texas Precious Metals, and contains 250 silver rounds, or half a standard monster box.
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>

==Trademarks==
]
Texas Precious Metals owns the trademark for industry usage of the image of the state of Texas along with the slogan “Doing Business the Texas Way.”


==Associations== ==Associations==
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>
Texas Precious Metals is a member of the Industry Council for Tangible Assets (ICTA), the ] (ANA), and the Certified Coin Exchange (CCE). The company is rated A+ with the ].

==Founders==
Tarek Saab, COO, was a finalist on Season 5 of NBC's television show, ], and commonly appears as a spokesperson in the precious metals industry.

Jason Kaspar, CEO, is the oldest member of the 5th generation of the Kaspar family business. He is the Chief Investment Officer of Ark Fund Capital Management. Kaspar graduated Summa Cum Laude with a degree in ] and ] from ].

==History of Kaspar Companies==

Kaspar Companies<ref></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 ]. Kaspar used the discarded wire and fashioned for himself a crude looking basket intended to carry hay and corn shucks from the barn to the animal stalls. According to his story, a neighbor saw the basket and bought it for one dollar. With the use of no tools besides a pair of pliers, he weaved large baskets in lots of a dozen or more, and peddled his products from farm to farm selling his baskets for one dollar each. A few of these baskets remain in existence today.
In 1930, August Kaspar sold the business to his only child, Arthur Kaspar, who built the main manufacturing facility for Kaspar Wire Works. Through World War I, the Great Depression, World War II, and the Korean War, Kaspar Wire Works successfully navigated through difficult economic times by expanding its product line to service the United States military.

]
In the mid-1970’s, Arthur passed the business to his only son Don Kaspar. Don continued his father’s work and built Kaspar Wire Works into an international corporation. The booming newspaper business had created a need for newspaper racks and dispensers, a business line named “Sho-Rack” which Don worked diligently to develop. Sho-Rack secured the rights to a coin mechanism patent used to dispense newspapers. In the 1980’s, Sho-Rack won the USA Today contract. Ninety-percent of all newspaper racks ever produced in North America originated from Sho-Rack’s headquarters in Shiner, TX. The migration from print newspapers to online periodicals has since dramatically reduced the size of the print industry, but Sho-Rack continues to produce and service newspaper racks.

Don Kaspar’s four sons (4th generation) expanded the corporation in 2001 through the acquisition of Ranch Hand Truck Accessories. The Kaspar Companies conglomerate is still family owned and managed. Kaspar Companies operates several independent businesses employing more than 500 employees. The corporation owns 700,000 square feet of manufacturing space in Shiner, TX, and Beeville, TX.

'''Kaspar Wire Works''' is one of the oldest continuously operating manufacturing companies in America.<ref></ref> In December 2012, the company was awarded the Texas Star award for manufacturing excellence by the state of Texas.<ref></ref>

''']'''<ref></ref> manufactures heavy duty Grille Guards, Front End Replacements (Legend Series, Summit Series, Bullnose, and Winch Ready), Back Bumpers, Headache Rack Systems, Bed Rails, Steps, and Toolboxes for ], ], ], ], ], and ] trucks and SUVs.


==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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