Company Updates
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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.
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November 23, 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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October 20, 2014
The video below is some press coverage of the Aggie 100 event featuring Texas Precious Metals from KBTX in College Station, TX.
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October 20, 2014
(Shiner, TX) - Precious Metals Company Recognized as the Fastest Growing Aggie-Owned or Aggie-Managed Company in the World by Texas A&M University
Texas A&M University recognized Texas Precious Metals of Shiner, TX as a member of the 2014 Aggie 100 honoring the fastest-growing companies in the world, owned or operated by Texas A&M University former students. Texas Precious Metals was ranked #1 with a compound annual growth rate of 371.9% from 2011 through 2013. The Aggie 100, a program created by the Center for New Ventures and Entrepreneurship in Texas A&M University’s Mays Business School, honors graduates from across disciplines for their entrepreneurial endeavors and success as business leaders.
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October 13, 2014
Leading precious metals dealer to offer 33,000 coins and $2.3M in inventory across broad range of vintage and modern coins on Amazon.com
Texas Precious Metals has today announced the launch of its collectible coins store on Amazon.com. The company has allotted $2.3M worth of inventory across a broad range of gold and silver coins from the United States Mint.With vintage and modern coins dating to 1798, the complete catalog represents more than 33,000 coins across 500 unique products. The high-ticket item, a rare buffalo nickel from 1918, is listed at more than $26,000.