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Texas Precious Metals

Texas Precious Metals is a leading gold and silver bullion dealer based in Texas that serves dealers and investors in precious metals.

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. Arthur gained a knack for dealing with the unruly pieces of equipment his father had purchased, learning how to fine tune the gasoline engines and handle the maintenance and repairs. In his father’s shop, Arthur developed a lifelong love for machines and manufacturing. Arthur also had a hand in creating new machines for production of the Kaspar products – including new twisting tools and machines to fashion wire coat hangers. Arthur also took it upon himself to make many business trips to promote the sale of their wire products. They purchased a new Model T Ford – which was constantly in need of repair – and traveled far and wide selling the baskets for which the Wire Works is famous. 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, 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. Sho-Rack's largest client was USA Today.

The company is still family owned and managed by Don’s 4 sons – David, Dan, Douglas, and Dennis, and a few of their children, making it a 5th generation company. In the early part of this century, Kaspar Companies purchased a small Texas business, Ranch Hand Truck Accessories, and have since built the business into the largest and most well-respected maker of grille guards for pickup trucks. Kasleco, another Kaspar Company, is an emerging leader in electrogoagulation wastewater purification technologies. Come visit us in Shiner, Texas!

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. TV series) ]].

Products

Texas Precious Metals is one of the few direct dealers of United States Mint Australian Perth Mint products.

The company produce their signature product: the Texas Silver Round, a 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.

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 signature beige powder-coated finish. These boxes are sealed with heavy security plastic wrap and a specialized holographic tamper evident seal and sequentially numbered with unique serial numbers.

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

References

1. https://www.texmetals.com
2. http://kasparcompanies.com/

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