This is an old revision of this page, as edited by Chriskaspar (talk | contribs) at 22:29, 6 November 2013. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 22:29, 6 November 2013 by Chriskaspar (talk | contribs)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) | This article or section is in a state of significant expansion or restructuring. You are welcome to assist in its construction by editing it as well. If this article or section has not been edited in several days, please remove this template. If you are the editor who added this template and you are actively editing, please be sure to replace this template with {{in use}} during the active editing session. Click on the link for template parameters to use.
This article was last edited by Chriskaspar (talk | contribs) 11 years ago. (Update timer) |
| File:Texas Precious Metals Logo.png | |
| Company type | Private |
|---|---|
| Industry | Precious Metals |
| Founded | 1898 (1898) |
| Headquarters | Shiner, Texas, United States |
| Area served | North America |
| Key people | CEO Jason Kaspar, Founder COO Tarek Saab, Founder |
| Products | Gold coins and bars Silver coins and bars |
| Revenue | Est. $200M + |
| Website | www.texmetals.com |
Texas Precious Metals is one of the largest precious metals companies in North America (based on estimated annual revenue exceeding $200M). The company is recognized as a market maker for United States Mint products and is an official distributor for the Perth Mint of Australia Texas Precious Metals is based in Shiner, Texas, and is a subsidiary of Kaspar Companies, a manufacturing conglomerate founded in 1898.
History of Texas Precious Metals
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 business-to-business model serving the wholesale market, selling gold and silver bullion 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.
Products
The company's signature product is the Texas Silver Round, 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 Canadian Silver Maple Leaf.
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 Texas longhorn cattle. The 1 oz. Texas Silver Round is 39.6 mm in diameter and 3.3 mm thick.
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.
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
Texas Precious Metals is a member of the Industry Council for Tangible Assets (ICTA), the American Numismatic Association (ANA), and the Certified Coin Exchange (CCE). The company is rated A+ with the Better Business Bureau.
Founders
Tarek Saab, COO, was a finalist on Season 5 of NBC's television show, The Apprentice (U.S. season 5), 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 Finance and Accounting from Texas A&M University.
History of Kaspar Companies
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. 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.
n 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. (http://www.tshaonline.org/handbook/online/articles/dlknx) In December of 2012, the company was awarded the Texas Star award for manufacturing excellence by the state of Texas (http://www.lavacacounty.com/lavaca-county-news/shiner-texas-news/7099-kaspar-companies-to-receive-texas-star-award-the-gonzales-cannon).
Ranch Hand Truck Accessories 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 Chevy, Ford, GMC, Jeep, Ram, and Toyota trucks and SUVs.