Texas Mint Announces 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.
In its five-year history, Texas Mint has circulated more than 2.4 million ounces of Texas-themed silver bullion throughout the United States. The premier of the 1-ounce Texas gold round is slated for September 2017.
“We are excited about the capabilities A-Mark offers for the mass-scale production and distribution of our Texas Mint line of products,” said Tarek Saab, President and co-founder of Texas Precious Metals.
Previously sold exclusively to retail customers through Texas Precious Metals, A-Mark will distribute Texas Mint products to its broad network of dealers and distributors throughout the world.
“We are delighted to add Texas Mint to our growing portfolio of custom products. The Texas mint mark has become widely-recognized for its quality and superior packaging, and we are uniquely positioned to scale the product line and distribute to a broader customer base,” said David Madge, Chief Marketing Officer for A-Mark.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc. is a full-service precious metals trading company and an official distributor for many government mints throughout the world. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins. Its Industrial unit services manufacturers and fabricators of products utilizing or incorporating precious metals, while its Coin & Bar unit deals in over 200 coin and bar products in a variety of weights, shapes, and sizes for distribution to dealers and other qualified purchasers. The company operates trading centers in El Segundo, California, and Vienna, Austria, for buying and selling precious metals.
In addition to wholesale and trading activity, A-Mark offers customers a variety of services, including financing, consignment, and various customized financial programs. As a U.S. Mint-authorized purchaser of gold, silver and platinum coins, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has distributorships with other sovereign mints, including in Australia, Austria, Canada, China, Mexico and South Africa. Customers of A Mark include mints, manufacturers and fabricators, refiners, coin and metal dealers, banks and other financial institutions, jewelers, investors, and collectors. For more information about A-Mark Precious Metals, visit http://www.amark.com.
About Texas Mint
The Texas Mint is a division of Texas Precious Metals dedicated to crafting beautifully designed, world-class bullion products for precious metals wholesalers and retailers. In 2014, Texas Precious Metals was recognized as the #1 Fastest Growing Aggie-owned or led business in the world by Texas A&M University, and in 2015 by Inc. 500 as the #200 Fastest Growing Private Company in America.
With millions of ounces now in circulation, Texas Precious Metals spun off Texas Mint as its own division with the purpose of expanding the product line and distributing these products to other national dealers. Using the Texas State Capitol as the theme for these products - a theme that will remain consistent through each subsequent year - the Texas Mint introduces one ounce gold rounds, one ounce silver bars, ten-ounce silver bars, and one-hundred ounce silver bars, in addition to the one ounce Texas Silver Round it has produced since 2013.