Texas Precious Metals

    • Posted on September 18, 2017
    • By TPM
    • Library

    Though the early United States was theoretically on a bimetallic standard – with both gold and silver legal tender – the actual use of gold and silver coinage fluctuated with the prices of those metals. The California Gold Rush of the late 1840s brought a great deal of gold onto the market. This increased the price of silver relative to gold, and much American silver coinage was exported or melted during this period.
    Read More

  • Texas Mint, a Division of Texas Precious Metals, Announces Manufacturing and Distribution Agreement with A-Mark Precious Metals

    A-Mark Precious Metals, Inc.(NASDAQ:AMRK), (“A-Mark”), a full-service precious metals trading company and an official distributor for all the major sovereign mints, has entered into an agreement to be the exclusive distributor for the Texas Mint, a division of Texas Precious Metals (“TPM”). The catalog of Texas Mint products, including gold and silver rounds and bars, will be sourced, manufactured, and distributed through A-Mark’s vertically integrated subsidiary businesses.

    Read More

  • The 2018 Texas Silver Round is here!

    We're excited to unveil the new 2018 Texas Silver Round! The stunning 2018 Texas Silver Round features iconography as diverse and dynamic as the Lone Star State itself. Three hallmarks of the state of Texas dominate the reverse of the round: the cowboy, the bluebonnet flower, and the Texas State Capitol. The rambunctious cowboy and the peaceful bluebonnets stand on opposite sides of the foreground with the Capitol building rising majestically between them. The wildly bucking bronco and cowboy duo is a depiction of the Texas Cowboy Monument, sculpted by Constance Whitney Warren and presented to the state of Texas — considered by Warren to be the “native home of the cowboy.” The life-size statue was a tribute to the “rough and romantic riders of the range” and was erected on the Capitol grounds in 1925. The cowboy is juxtaposed with the pair of bluebonnets to the right of the Capitol. The state flowers, known to paint entire fields blue in the spring, protrude peacefully from the edge of the round, with lush leaves and delicate stalks bending gently toward the Capitol building.
    Read More

    • Posted on September 11, 2017
    • By TPM
    • Library

    For most of its history, from 1909 to 1982, the Lincoln cent was made of bronze (an alloy of about 95% copper and 5% zinc). However, there is one exception: in 1943, pennies were instead produced using steel.

    During World War II, demand for copper, tin, and other metals increased tremendously. Copper, in particular, was vital for the production of shell casings and other military equipment. One simple way for the US government to conserve metal was to modify the production of circulating coinage. Even though pennies contained only a small amount of tin, the removal of this metal from the alloy in January 1942 was expected to save over 100,000 pounds of that metal. In October 1942, the composition of the nickel was also modified to reduce its copper content.
    Read More

  • From Richer to Poorer: Venezuela’s Economic Tragedy Visualized

    From the 10 years of military dictatorship between 1948-1958 to the impeachment of Carlos Andrés Pérez for corruption in 1993, Venezuelan politics have often been both rocky and eventful.

    But despite these challenges throughout its history, no one has ever denied Venezuela’s economic potential. After the discovery of oil in the early 20th century, the nation quickly built its economy on the back of black gold – and even today, Venezuela leads the world in proven oil reserves with 300 billion barrels.

    Read More

  • Sneak Peek! The 2018 Texas Mint Releases...

     

    • Posted on September 4, 2017
    • By TPM
    • Library

    The Chinese zodiac scheme (also known as the lunar scheme) assigns an animal to each year in a rotating 12-year cycle. It is an important aspect of Asian culture and is widely recognized in China, Thailand, Japan, Korea, Vietnam, Burma, and the Philippines. In celebration of this cultural institution, various world mints have issued lunar-themed coins. Each piece display tigers, rabbits, dragons, snakes, horses, goats, monkeys, roosters, dogs, pigs, rats, and oxen to commemorate each year in the Chinese zodiac.
    Read More

    • Posted on August 28, 2017
    • By TPM
    • Library

    With the discovery of gold in California in the late 1840s, a huge amount of newly-produced gold was converted into coinage. However, with no US Mint facility west of the Mississippi, and no transcontinental railroad links yet constructed, the process of transporting all of this gold across the country was highly inefficient. In lieu of adequate circulating coinage, the boomtown of San Francisco used gold dust for commerce. Once California became a state in 1850, Congress was petitioned. In 1852, President Millard Fillmore approved a plan for a new mint facility in San Francisco, which opened in 1854. The new San Francisco Mint worked at full tilt, converting more than $4 million worth of gold into coin by the end of 1854 alone.
    Read More

  • Dear TPM Customers:

    Due to the continued adverse weather conditions affecting our area, we will be closing our offices on Monday, August 28th. At the present time, we anticipate reopening on Tuesday, August 29th if weather conditions improve as anticipated.

    We want to thank those of you who have written offering your thoughts and prayers during this difficult time. We feel very fortunate that we may have escaped the worst of it, but flooding and power loss in our area is significant. Thankfully, our employees are all well. Areas directly along the coast have been ravaged, and Houston continues to receive a deluge of rain, as I am sure you have seen reported on the news. Please keep those families in your prayers.

    Our ordinary course of operations will be affected for at least the coming week. We ceased all metal shipments on Thursday, and we do not expect to resume shipping until Wednesday at the earliest. Many of the roads are no longer navigable for UPS. As you know, we take great pride in shipping quickly, but customer shipments will be delayed during this week. We will ship out all orders as soon as it is safe to do so.

    There will be no customer support by phone until Tuesday the earliest, and incoming payment confirmations will be delayed by at least one day. We will continue to respond to inquiries via email at operations@texmetals.com in the interim, and we will work to answer those inquiries as expeditiously as possible.

    Normal online trading will remain available 24/7.

    We apologize for any inconvenience during this time and we thank you again for your prayers and well wishes.

    Sincerely,
    Tarek Saab
    President & Co-founder
    Texas Precious Metals
    959 St Hwy 95N
    Shiner, Texas 77984

  • Big Changes Coming This September!