Just a quick update concerning Silver Eagles inventory. We will receive our final shipment of Silver Eagles for 2013 on Friday, December 6th. There will be 30,000 coins in the shipment. Once these coins are sold, we will be completely out of stock on Silver Eagles until the new 2014 coins release on January 14th, 2014.
GoldStar Trust Company, a leading IRA custodian, and DDSC (Delaware Depository) are the two latest institutions to add the .9999 fine Texas Silver Round to the their respective catalogs of approved silver. By definition, the Texas Silver Round qualifies as an IRA-eligible product because it meets the fineness requirements of the US government and is minted at an ISO-9001 facility. However, every institution has the right to accept or reject IRA-eligible products.
The holidays are here again, and we want to communicate a few important scheduling details, including our shipping policies throughout the holidays. During long holiday breaks, such as Thanksgiving, Christmas, and New Year's, we "hold" packages from shipping on certain days for security reasons. Packages lingering in sort facilities around the holidays pose higher security risks. We believe this grace period is in the customer's best interest, and could potentially impact our internal 3-day shipping window slightly:
For the first time since 2008, the US Mint will release Platinum Eagles to the public. We are receiving guidance that these coins will become available to the retail sector in February. We will post further information in this space as it becomes available.
Texas Precious Metals will be hosting a public screening of the new documentary, "Money for Nothing: Inside the Federal Reserve" at Texas A&M University's Mays School of Business on December 4th at 7:00pm. TPM founders Jason Kaspar ('05) and Tarek Saab will join Voss Capital's Travis Cocke ('09) on a Q&A panel following the screening. This event is open to the public, and we encourage our Texas Precious Metals clients to join us. We hope to see you there!
In an effort to build up inventories for the inevitable silver eagle demand in January, the US Mint will cease production of the 2013 coins on December 9th to begin minting the 2014-dated coins. Annually, the US Mint sells more coins in January than any other month of the year, as collectors, dealers, and enthusiasts scramble for First Strike and Early Release coins. Additionally, with consistent demand in the certified coin (graded) market, a large percentage of these coins will make there way to grading companies PCGS and NGC. Read More