Texas Precious Metals
{{Infobox company
| name = Texas Precious Metals
| logo = Texas Precious Metals Logo.jpg
| logo_size = 250px
| type = Private
| industry = Precious metals
| foundation = {{Start date|2011}}
| location = Shiner, Texas, United States
| area_served = North America
| key_people = Tarek Saab, President & Co-founder
Jason Kaspar, Co-founder
| products = Gold coins and bars
Silver coins and bars
| revenue = 2013: $180.1M{{cite web|title=Texas Precious Metals Revenue Tops $180M in 2013|url=https://www.texmetals.com/news/texas-precious-metals-sales-top-180-1m-in-2013-infographic/|publisher=Texas Precious Metals}}
2014: $153.2M{{cite web|title=Texas Precious Metals Reports 2014 Gross Revenue of $153.2M|url=https://www.texmetals.com/news/texas-precious-metals-reports-2014-gross-revenue-of-153-2m/|publisher=Texas Precious Metals}}
| homepage = [https://www.texmetals.com www.texmetals.com]
}}
Texas Precious Metals, based in Shiner, Texas, is one of the largest precious metals dealers in the United States.{{cite web|title=USA Today "Service makes precious metals start-up shine"|url=https://www.usatoday.com/story/money/business/2014/07/07/baverman-texas-precious-metals/12144145/|publisher=USA Today}}{{cite web|title=UPS "The Gold Standard of Shipping"|url=https://www.youtube.com/watch?v=c97Tkp9OOlQ|publisher=UPS Logistics}} 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.{{cite web|title=Success story: Precious metals company grows revenue to $200 million|url=http://compass.ups.com/precious-metals-company-grows-revenue-with-ups/|publisher=UPS Logistics}}{{cite web|title=Perth Mint Coin Distributors - United States of America|url=http://www.perthmint.com.au/perth-mint-coin-distributors-united-states.aspx|publisher=The Perth Mint - 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 model serving the wholesale market, selling gold and silver bullion exclusively to coin shops and precious metals retailers.{{cite web|title=Family Owned Kaspar Companies Keeps Spinning Steel Into Gold in Shiner|url=http://shalemag.com/business-the-texas-way/|publisher=Shale Magazine}}
In 2015, Inc. (magazine) 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%.{{Cite web|url=http://www.inc.com/profile/kaspar-texas-traditions|title=Texas Precious Metals - Kaspar Texas Traditions Ranked #200 in Inc 5000}}
In 2016, Texas Precious Metals responded to Texas HB 483 with a proposed solution for the Texas Bullion Depository{{cite web|title=Texas Tribune|date=30 October 2015 |url=https://www.texastribune.org/2015/10/30/gold-firms-hope-help-texas-build-gold-depository/}} but lost its bid to Lone Star Tangible Assets.Andy Duehren, [https://www.texastribune.org/2017/06/14/texas-taps-private-vendor-first-gold-bullion-depository/ "Texas taps private vendor to manage first state-run gold depository in U.S."], The Texas Tribune, June 14, 2017
Products
The company's signature product is the Texas Silver Round.{{cite web|title=Texas Silver Round|url=https://www.texmetals.com/silver-coins/texas-silver-rounds|publisher=Texas Precious Metals}}
The Perth Mint Partnership
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.{{cite web|title=Press Release - Texas Precious Metals and The Perth Mint, Australia Partner on Energy-themed, Limited Edition 1/2 oz Silver Coin |url=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|publisher=Marketwatch}}
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.”{{cite web|title=US Patent Office - Business the Texas Way|url=http://tsdr.uspto.gov/#caseNumber=85897989&caseType=SERIAL_NO&searchType=statusSearch|publisher=US Patent Office}}{{cite web|title=US Patent and Trademark Database - Texas Logomark|url=http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4809:6r2l33.2.1|publisher=US Patent Office}}{{nonspecific|date=August 2015}}
Associations
Texas Precious Metals is a member of the Industry Council for Tangible Assets (ICTA){{cite web|title=ITCA - Tarek Saab (Texas Precious Metals)|url=http://www.ictaonline.org/index.php?option=com_community&view=profile&userid=26867556|publisher=Industry Council for Tangible Assets}} and the American Numismatic Association (ANA).{{cite web|title=AMA Members - Texas Precious Metals|url=https://secure.money.org/cvweb/cgi-bin/utilities.dll/CustomList?ORGNAME_field=Texas+Precious+Metals&CITY_field=&STATECD=&ZIP_field=&COUNTRY=&ORGNAMEx=~Texas+Precious+Metals~&OWNERx=~Texas+Precious+Metals~&CITY=&ZIP=&RANGE=1%2F25&SHOWSQL=N&SORT=ORGNAME&SQLNAME=VIEWDEALERDIR&WHP=dealer_header_long.htm&WBP=dealer_list_long.htm|publisher=American Numismatic Association}}
References
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