Texas Precious Metals, based in

Shiner, Texas Shiner is a city in Lavaca County, Texas, United States. The town was named after Henry B. Shiner, who donated for a railroad right-of-way. As of the 2020 census, the city had a population of 2,127. Shiner was founded by German and Czech emigran ...

, is one of the largest

precious metals Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustr ...

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 A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a tradable asset held in inventory, hoping to make a profit on the '' bid–ask spread'', or ''turn.'' The benefit to the firm is that ...

for

United States Mint The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; tha ...

products and is an official distributor for the

Perth Mint The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia. Established on 20 June 1899, two years before Australia's Federation in 1901, the Perth Mint was the last of three Australian colo ...

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 Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...

model serving the

wholesale Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. I ...

market, selling

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...

and

silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...

bullion exclusively to coin shops and precious metals retailers. In 2015,

Inc. (magazine) ''Inc.'' is an American business magazine founded in 1979 and based in New York City. The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events ...

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 Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

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

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 A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from oth ...

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 The American Numismatic Association (ANA) is an organization founded in 1891 by George Francis Heath. Located in Colorado Springs, Colorado, it was formed to advance the knowledge of numismatics (the study of coins) along educational, histor ...

(ANA).

References

External links

* {{Official website, https://www.texmetals.com Mining companies of the United States Mints of the United States Mining in Texas Companies based in Texas Bullion dealers