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Texas Precious Metals is a leading gold and silver bullion dealer based in Shiner, Texas that serves dealers and investors in precious metals. Texas Precious Metals is one of the few direct dealers of United States Mint and Australian Perth Mint products.

History

Texas Precious Metals LLC is a Kaspar Company that began as a precious metals wholesaler, selling gold and silver bullion 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 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 barbed wire. 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 general stores and hardware stores 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 is the co-founder and Chief Operating Officer of Texas Precious Metals. Saab was a finalist on NBC's television show, The Apprentice (U.S. season 5) and author of the book "Gut Check."

Products

The company's signature product is the Texas Silver Round, a premium one troy ounce .9999 percent silver round.

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. The 1 oz. Texas Silver Round is 39.6 mm in diameter and 3.3 mm thick.

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.

References

1. https://www.texmetals.com
2. http://kasparcompanies.com/
3. http://www.imdb.com/name/nm2265867/
4. http://books.google.com/books/about/Gut_Check.html?id=snuDSAAACAAJ
5. https://www.texmetals.com/silver-coins/texas-silver-rounds

gold as an investment silver as an investment metallurgical assay troy weight bullion ‘’‘bold’’’ ‘‘italic’’