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Revision as of 00:27, 3 January 2016 editKlbrain (talk | contribs)Autopatrolled, Extended confirmed users, New page reviewers86,603 edits Disambiguated: Precious Metal → Precious metalTag: Dispenser [1.0]← Previous edit Latest revision as of 08:00, 10 February 2024 edit undoCNMall41 (talk | contribs)Extended confirmed users, New page reviewers69,973 edits added Category:American companies established in 2011 using HotCat 
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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 = "Business the Texas way”
| type = ] | type = ]
| industry = ]s
| foundation = {{Start date|1898}} | foundation = {{Start date|2011}}
| location = ], ] | location = ], ]
| key_people = ] Jason Kaspar, Founder <br> ] Tarek Saab, Founder
| industry = ]s | area_served = ]
| key_people = Tarek Saab, President & Co-founder
| area_served = ]
Jason Kaspar, Co-founder
| products = ] and bars<br>] and bars | products = ] and bars<br>] and bars
| 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> | 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 plant <br> 60,000 sq. ft. warehouse
| homepage = | homepage =
}} }}


'''Texas Precious Metals''', based in ], is one of the largest ] dealer in the United States.<ref>{{cite web|title=USA Today "Service makes precious metals start-up shine"|url=http://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''', 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 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 May 2011, KTT purchased Texas Precious Metals outright from Saab & Company Inc., naming Tarek Saab as 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>
In 2014, ] recognized Texas Precious Metals as a member of the 2014 ] honoring the fastest-growing companies in the world, owned or operated by Texas A&M University former students. Texas Precious Metals was ranked #1 with a compound annual growth rate of 372% from 2011 through 2013.<ref>{{cite web|title=2014 Aggie 100 Companies|url=http://aggie100.com/Portals/99/PR%20Documents/2014%20Aggie%20100%20List.pdf|publisher=Aggie 100}}</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|title=Texas Precious Metals - Kaspar Texas Traditions Ranked #200 in Inc 5000 |url=http://www.inc.com/profile/kaspar-texas-traditions}}</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> a premium one ] .9999 percent silver round. The silver round is not ] though the silver content is comparable to government-issued coins.


⚫ 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 Texas Silver Round features the geographic outline of the ] and the Texas Star on the obverse of the coin. The reverse design changes annually. The 2013 design featured a ] riding horseback in full gallop with lasso extended. The 2014 design featured three ] cattle. The 2015 design featured a Texas white-tailed deer.


==The Perth Mint Partnership==
The 1 oz. Texas Silver Round is 39.6mm in diameter and 3.3mm thick, slightly smaller in diameter and thicker than the ]. The rounds are produced at a facility which is ISO-9000 certified, rendering them IRA-eligible.{{source?|date=August 2015}}
⚫ 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==
MINTAGES:<br>
2013 Texas Silver Round (Cowboy Reverse): 540,000 <br>
2014 Texas Silver Round (Longhorn Reverse): 600,000<br>
2015 Texas Silver Round (White tail Reverse): Undisclosed<ref>{{cite web|title=Texas Precious Metals Announces Release of 2015 Texas “White-Tailed Deer” Silver Round|url=http://www.prweb.com/releases/2015-texas-round/texmetals/prweb12398966.htm|website=prweb.com|publisher=Texas Precious Metals}}{{third-party inline|date=August 2015}}</ref>

Through Kaspar Custom Fabrication, Texas Precious Metals produces “monster boxes” and “mini monster boxes” for silver rounds made of durable cold-rolled ]. 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.

]
⚫ 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> The half-ounce, 99.9% pure silver coin features offshore and onshore oil rigs showcasing the cities' historic energy sectors. The coin also pays homage to the flags of Texas and Australia. The coin measures 32mm in diameter with a thickness of 2mm. The coins ship in tubes of 25 and sealed "monster boxes" of 500 coins.

⚫ ==Corporate Identity==
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> 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== ==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> 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> and the Certified Coin Exchange (CCE). The company is rated A+ with the ].<ref>{{cite web|title=BBB - Texas Precious Metals|url=http://www.bbb.org/central-texas/business-reviews/bullion-coin-dealers/kaspar-texas-traditions-lp-in-shiner-tx-90093438|publisher=Better Business Bureau (BBB)}}</ref> and {{As of|2015|8|10}} has a 9.88/10 rating on ].<ref>{{cite web|title=Texas Precious Metals Reviews|url=http://www.resellerratings.com/store/Texmetals_com|publisher=Reseller Ratings}}</ref> 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>

==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.{{source?|date=August 2015}}

Jason Kaspar, CEO, is also the ] of the Ark Fund Capital Management hedge fund. Kaspar graduated Summa Cum Laude with a degree in ] and ] from ]. He is a spokesperson in investment industries, a major contributor to ]<ref>{{cite web|title=Business Insider Contributions of Jason Kaspar|url=http://www.businessinsider.com/author/jason-kaspar|publisher=Business Insider}}</ref> and has been quoted by ],<ref>{{cite web|title=old And Silver Physical Market And Inventory Update From The Source: "In A Word, Ugly"|url=http://www.zerohedge.com/news/2013-04-22/gold-and-silver-physical-market-and-inventory-update-source-word-ugly|publisher=Zero Hedge}}</ref> ]<ref>{{cite web|title=David Morgan uncut lecture at Precious Metals Conference|url=http://www.silver-investor.com/blog/silver-market-update/david-morgan-uncut-lecture-at-the-texas-precious-metals-conference/|publisher=Silver Investor}}</ref> and industry specific websites as a source for news, advice and industry dynamics.<ref>{{cite web|title=“Panic” For Physical Gold Spreads To UK Where Royal Mint Sales Of Gold Coins Triple|url=http://1goldinvestment.com/tag/texas-precious-metals/|publisher=Gold Investment}}</ref><ref>{{cite web|title=Success story: Precious metals company grows revenue to $200 million|url=http://compass.ups.com/Article2.aspx?id=19327353173|publisher=UPS}}</ref>


==References== ==References==
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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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