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Texas Precious Metals 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. Texas Precious Metals is based in Shiner, Texas.

History

In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions L.P. 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.

In 2014 Texas A&M University recognized Texas Precious Metals as a member of the 2014 Aggie 100 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.

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 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 featured a Cowboy riding horseback in full gallop with lasso extended. The 2014 design featured three Texas longhorn cattle. The 2015 design featured a Texas white-tailed deer. The 1 oz. Texas Silver Round is 39.6mm in diameter and 3.3mm thick, slightly smaller in diameter and thicker than the American Silver Eagle. The rounds are produced at a facility which is ISO-9000 certified, rendering them IRA-eligible.

MINTAGES:
2013 Texas Silver Round (Cowboy Reverse): 540,000
2014 Texas Silver Round (Longhorn Reverse): 600,000
2015 Texas Silver Round (White tail Reverse): Undisclosed

Through 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.

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. 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 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), the American Numismatic Association (ANA), and the Certified Coin Exchange (CCE). The company is rated A+ with the Better Business Bureau. and has a 9.94/10 rating on Reseller Ratings.

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 also the Chief Investment Officer of the Ark Fund Capital Management hedge fund. Kaspar graduated Summa Cum Laude with a degree in Finance and Accounting from Texas A&M University. He is a spokesperson in investment industries, a major contributor to Business Insider and has been quoted by the Wall Street Journal, Zero Hedge, David Morgan (businessman) and industry specific websites as a source for news, advice and industry dynamics.

References

1. 2013 Reporting Earning Infographic
2. 2014 Reported Earnings
3. "Texas Precious Metals". Texas Co-op Power magazine. Texas. August 2013.
4. 2013 Annual Revenue
5. USA Today - Service Makes Precious Metals Start-up Shine
6. 2014 Annual Revenue
7. US Mint Certified Dealers
8. Perth Mint Certified Dealers
9. 2014 Aggie 100 Companies
10. Texas Silver Rounds
11. US Patent and Trademark Database - Texas Silver Round
12. http://www.prweb.com/releases/2015-texas-round/texmetals/prweb12398966.htm
13. 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 Marketwatch - Texas Precious Metals and The Perth Mint, Australia Partner on Energy-themed, Limited Edition 1/2 oz Silver Coin
14. [http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4809:6r2l33.5.2 US Patent and Trademark Database - Business the Texas Way[
15. US Patent and Trademark Database - Texas Logomark
16. Members of Industry Council for Tangible Assets
17. Members of the American Numismatic Association
18. Better Business Bureau Ratings and Complaints
19. Reseller Ratings. Retrieved November 20, 2013.
20. Tarek Saab on IMDb. IMDB. Retrieved November 20, 2013.
21. Gold Bubble Interview of Tarek Saab
22. Business Insider Contributions of Jason Kaspar
23. "What's Next for Gold" Wall Street Journal
24. Zero Hedge "Gold and Silver Physical Market and Inventory Update"
25. David Morgan Uncut Lecture at Precious Metals Conference
26. http://1goldinvestment.com/tag/texas-precious-metals/
27. http://www.dailypaul.com/282960/texas-precious-metals-ceo-the-physical-silver-market-is-in-a-word-ugly
28. http://www.ukcolumn.org/forum/economy/unprecedented-shortages-ammo-physical-gold-and-physical-silver
29. http://compass.ups.com/Article2.aspx?id=19327353173

External links

• Official website

• Mining companies of the United States
• Mints of the United States
• Mining in Texas
• Companies based in Texas