Texas Precious Metals
| Company type | Private |
|---|---|
| Industry | Precious metals |
| Founded | 2010 |
| Headquarters | Shiner , United States |
| Products | Gold and silver bullion, Texas Silver Round |
| Revenue | $180.1 million (2013), $153.2 million (2014) |
| Parent | Kaspar Texas Traditions (KTT) |
Texas Precious Metals, located in Shiner, Texas, ranks among the leading precious metals suppliers within the United States. The firm generated revenues amounting to $180.1 million in 2013 and $153.2 million in 2014. It serves as an authorized market maker for products from the United States Mint and acts as an official distributor for the Perth Mint of Australia.
History
Established in 2010 through a partnership between Saab & Company Inc. and Kaspar Texas Traditions (KTT), Texas Precious Metals began by focusing on a business-to-business approach, marketing gold and silver bullion solely to coin dealers and precious metals retailers.
By 2015, as the primary subsidiary of Kaspar Texas Traditions responsible for 99.8% of its income, the company secured the #200 position on the Inc. 500 list, recognized for being one of America's fastest-growing private enterprises with a three-year expansion rate of 2,095%.
In 2016, following Texas HB 483, Texas Precious Metals submitted a proposal related to the Texas Bullion Depository, but the contract was ultimately awarded to Lone Star Tangible Assets.
Products
The Texas Silver Round stands out as the company’s premier product within its range of precious metal offerings.
The Perth Mint Partnership
In 2014, Texas Precious Metals collaborated with Australia's Perth Mint to introduce the Houston-Perth "Sister Cities" coin. This limited-edition 1/2 oz silver coin symbolizes the partnership between the energy sectors of both cities.
Corporate identity
Texas Precious Metals owns the trademark combining the image of Texas with the phrase “Business the Texas Way,” which emphasizes its strong regional branding.
Associations
The company maintains memberships with both the Industry Council for Tangible Assets (ICTA) and the American Numismatic Association (ANA), aligning itself with prominent organizations within the industry to bolster its market position.