News
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March 24, 2015
A common question among newcomers to the hobby is whether there’s a “right” or “wrong” way the collect coins. The answer is no—but there are ways of collecting that may prove to be especially enjoyable and rewarding. Some buyers are accumulators who simply buy items that pique their interest. Others attempt to form collections with a specific theme or structure. There is nothing wrong with either approach, but collectors often derive the most satisfaction from assembling sets.
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March 24, 2015
As long as the hobby has existed, the condition of a coin has been vitally important. A coin’s grade has always had a profound impact on its value, desirability and marketability. What has changed, however, is how a coin’s condition is described and quantified. Whereas coins were once graded using vague terminology, today’s collectors and dealers use a highly sophisticated grading scale. Grading may be an art and not a science, but the level of precision and consistency is greater than ever.
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March 13, 2015
The Australian Perth Mint Announces the Release of the Limited Edition 2015 Funnel-Web Spider Silver Coin. These spectacular coins will be limited to a mintage of only one million worldwide. Texas Precious Metals is a national distributor of Perth Mint products.
The coin’s reverse features a large funnel-web spider, displaying its sprawled legs and hairy body. The design also includes the inscription AUSTRALIAN FUNNEL-WEB SPIDER, the 2015 year-date, the coin specifications, and The Perth Mint’s traditional ‘P’ mintmark.
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February 13, 2015
2014 ends with strong gold demand in Q4, driven by jewellery and central banks
2014 saw a stabilisation of the gold market as it pulled back from the extremes of 2013, according to the latest Gold Demand Trends full year report from the World Gold Council. Annual gold demand was 3,924 tonnes (t), 4% lower than 2013. The year ended strongly, with gold demand in Q4 2014 up 6% year on year to 987t, driven by demand for jewellery and central bank buying.
Jewellery remains the biggest source of demand for gold. Total jewellery demand for the year was 2,153t, down 10% compared to the previous year, which is not surprising given the price-driven jewellery demand surge in 2013. India – one of the two largest gold markets in the world – had its strongest year for jewellery demand since the World Gold Council’s records began in 1995, up 8% on a year ago to 662t. This was driven by wedding and festival buying despite the presence of government restrictions on gold imports for most of the year. Although China saw demand decline 33% year on year, it still represents the second best year for jewellery demand in China since our records began.
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January 26, 2015
Company posts record gold coin sales, record Texas Silver Round sales, and increased market share
PREWEB (Shiner, TX): Texas Precious Metals (TPM) closed 2014 with revenue of $153.2M, down 15% year over year due to weaker demand in the precious metals market and lower commodities prices. The company sold 75,998 ounces of gold (up from 75,112 in 2014), and 2.55M ounces of silver (down from 2.86M ounces in 2013). Sales of the company's one ounce "Texas Silver Round” set a new annual record with sales of over 560,341 ounces.
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December 31, 2014
In 2014, the Dow Jones eclipsed 18,000, the S&P 500 topped 2,000, and commodity prices tumbled. Gold will close the year down YoY ~1%, while silver will close the year down more than 20%. As most Texans lament, oil prices have collapsed more than 50%.
The precious metals market, at large, is estimated to be down 30%-40% in terms of overall revenue, even though silver coin sales ticked up slightly YoY due to falling prices. Precious metals “demand” is a relative term, and can be misleading. Reports of “record” demand in coin sales tend to obfuscate the reality of declining revenue. US Mint Silver Eagle production hit a record 44M coins in 2014, up 3% from the 2013 tally of 42.6M, but certainly not enough production to account for the 20% decline in prices. US Mint Gold Eagle production fell from 743,500 coins in 2013, to 415,500 in 2014.
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December 19, 2014
*During long holiday breaks, such as Thanksgiving, Christmas, and New Year's, please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.
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December 16, 2014
(Shiner, TX) - Texas Precious Metals today announced the release of the new 2015 Texas Silver Round, the popular one troy ounce 99.99% pure silver round, the third release in the annual series. The reverse of the one-ounce round features the bust of a Texas white-tailed deer designed by highly acclaimed coin sculptor Heidi Wastweet.
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December 09, 2014
Over the last two years, Texas Precious Metals has developed a corporate partnership with UPS for the delivery (and insurance) of high dollar packages. This partnership has been industry leading, and to this day we remain the only precious metals dealer that guarantees shipment no later than 3 business days from receipt of payment, and the only dealer that ships exclusively via overnight delivery.
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November 24, 2014
We are excited to share this month’s issue of Shale Magazine’s cover story, featuring Doug Kaspar and Kaspar Companies. As a family enterprise, it has been an honor to be recognized as a leading manufacturing company, even though we’re situated in a small town in south Texas with a population of just 2069. We’ve come a long way since August Kaspar hand crafted wire corn shuck baskets and horse muzzles in the late 1800s. We’ve been fortunate to continue to grow and expand into other industries (from steel grille guards, to real estate, to precious metals) and we look forward to what the future holds with our diverse and talented group of people.