Texas Precious Metals Review

Precious metals like gold and silver serve as valuable components for savings and future financial planning.

Texas Precious Metals stands out as a trustworthy online dealer specializing in these valuable commodities.

The company offers an extensive range of products, featuring gold coins, silver bars, and various precious metals, enabling smart investment choices for their customers.

Their reputation centers on maintaining transparency, fairness, and exceptional customer satisfaction throughout transactions.

Throughout this comprehensive Texas Precious Metals review, you’ll discover detailed insights about their offerings.

You’ll learn how their pricing structure compares to competitors, understand their approach to customer service, and evaluate their reliability as a precious metals dealer.

This evaluation aims to provide you with essential information, helping you make an informed decision about whether TPM should be your choice for building your precious metals investment portfolio.

Key Takeaways

What is Texas Precious Metals?

Texas Precious Metals stands as a prominent precious metals dealer and investment facilitator. Since its establishment in 2011, the company has secured a significant position within the precious metals industry.

The company emerged through the collaborative efforts of Tarek Saab and Jason Kaspar, alongside their respective parent organizations, Saab & Company Inc. and Kaspar Texas Traditions (KTT).

Selecting Texas as their operational base, they focused on facilitating precious metal transactions, specializing in gold and silver investments.

Initially, Texas Precious Metals concentrated on bulk precious metal transactions for institutional buyers. The company has since expanded its services to accommodate individual investors seeking daily precious metal purchases for wealth preservation. They also provide options for incorporating precious metals into retirement portfolios.

The company maintains a sophisticated underground vault facility for secure storage and operates an efficient online trading platform. Their services cater to a diverse clientele, ranging from individual investors to wholesale establishments.

Texas Precious Metals has earned recognition from major global mints and the U.S. Mint. Their membership in various professional associations reinforces their reputation as a credible and established enterprise within the industry.

The company serves as a comprehensive resource for precious metals investment, offering guidance on metal acquisition strategies and investment benefits.

Their consistent growth and market presence have established them as a trusted source for precious metals transactions.

What Makes Texas Precious Metals Stand Out?

Texas Precious Metals distinguishes itself through customer-friendly purchasing processes that simplify precious metal investments.

The company provides complimentary shipping and insurance coverage for all purchases, regardless of order size.

Your investments arrive securely without additional expenses, while orders exceeding $1,000 qualify for expedited next-day shipping service.

The company operates without purchase minimums, allowing you to acquire metals according to your financial capacity. They maintain a strict policy of selling only in-stock items, ensuring dispatch within three business days.

For transactions up to $10,000, you can conveniently use Visa or MasterCard payment options. The company facilitates the straightforward integration of precious metals into retirement portfolios.

Their platform enables you to establish limit orders at your preferred price points, typically offering competitive rates below market averages.

The website displays transparent pricing information, eliminating unexpected fees or unwanted sales communications.

What Products Does Texas Precious Metals Offer?

This section outlines the complete product range at Texas Precious Metals. You’ll discover what makes each product unique and the various investment options available, whether you’re looking to invest small or large amounts.

Gold

Texas Precious Metals maintains an impressive gold inventory, particularly focusing on government-backed coins and bars that suit various investment needs.

The American Gold Eagle and American Buffalo coins stand out as premier choices, offering government-backed purity that provides investors with confidence and security.

These sought-after coins typically come in 1oz or 1/10oz denominations, allowing you to select your preferred investment amount.

You’ll find exclusive Texas-designed gold rounds at Texas Precious Metals. These pieces appeal to collectors through their distinctive designs while offering investors pure gold content. The rounds typically weigh 1 ounce and are produced by premium manufacturers.

For those interested in gold bars, options include respected brands like Credit Suisse, Valcambi, and the Royal Canadian Mint.

These bars come primarily in 1-ounce and 10-ounce sizes, proving ideal for substantial gold investments due to their efficient storage and lower premium costs compared to coins.

Silver

Texas Precious Metals stands as a leading online precious metals company for silver products across various forms.

Their inventory spans from substantial silver bars for major investments to smaller coins for gradual purchasing, enabling you to tailor your silver portfolio according to your strategy.

The silver selection at Texas Precious Metals exceeds their gold offerings by nearly twofold. Their partnership with the Perth Mint enables them to offer distinctive and visually striking silver pieces.

The Texas Silver Round represents their flagship product, achieving remarkable success with over 2.5 million units sold within five years across the United States.

They’ve introduced convenient “mini-monster boxes” as an alternative to the standard 500-coin boxes, making bulk purchases more accessible.

Their silver coin collection features both popular and rare selections, including Australian and British commemorative pieces that collectors eagerly seek. These limited-edition items frequently sell out, demonstrating high demand.

While silver bar options might be fewer compared to coins and rounds, they focus on larger sizes exceeding 100 ounces. The diverse round selection provides excellent alternatives for smaller investments.

Platinum

Platinum represents a precious metal that attracts investors due to its rarity and industrial applications. Notable offerings include the Austrian Platinum Philharmonic Coin, featuring the Vienna Philharmonic Orchestra, and the 1 oz Valcambi Platinum Bar, recognized for Swiss craftsmanship.

Additional popular choices include the Canadian Maple Leaf Platinum Coin and American Platinum Eagle Coin, both valued for their purity and governmental backing.

The 1 oz Royal Mint Tudor Beast Bull of Clarence Platinum Coin attracts attention through its historical significance.

Product pricing varies, with coins typically commanding higher premiums than bars due to artistic detail and collectible value.

PRE-’33

Pre-’33 gold coins represent historical pieces minted before America’s 1933 cessation of gold coin production. These rare specimens combine gold content with historical significance.

Popular selections include the 20 Francs Swiss Helvetia and 20 Francs Gold French Rooster, prized for aesthetic appeal and historical importance.

The $20 Saint-Gaudens and $20 Liberty Gold Double Eagles remain highly sought after for their exceptional designs.

Prices fluctuate based on rarity and gold market conditions, typically ranging from $300 to $500 or higher.

Gift Items

Texas Precious Metals provides distinctive gift options for precious metal enthusiasts and investors. Their selection includes premium coin storage solutions designed for both protection and display.

You’ll find commemorative silver rounds honoring military branches like the US Navy and Army. Silver bullets offer unique collectible options beyond traditional forms.

The inventory includes metal authentication devices, decorative gold rounds with presentation boxes, and wearable gold jewelry pieces.

What Services Does Texas Precious Metals Offer?

Texas Precious Metals stands out by offering comprehensive services for precious metals investors.

Let’s explore their main services:

1. IRA Rollovers

Texas Precious Metals simplifies the process of converting traditional IRAs into precious metals investments, which serves as a crucial retirement planning strategy. Their team provides complete guidance throughout the conversion process.

1. Choosing a Custodian: You have flexibility in selecting a custodian through Texas Precious Metals’ recommendations or independently. Custodians handle essential services including paperwork management, tax documentation, and additional services while charging appropriate fees.
2. Funding and Selecting Metals: Upon custodian selection, you deposit funds and negotiate metal prices with Texas Precious Metals. Your custodian manages payments directly. You also select storage options that align with custodian requirements.
3. Buying Precious Metals: The purchasing process remains straightforward. Simply provide your IRA account information to Texas Precious Metals, who then coordinate with your custodian for payment processing. After confirmation, they arrange secure storage for your metals.

Understanding Self-Directed IRAs

Self-directed IRAs give you investment control, though physical possession remains prohibited; custodial storage is mandatory.

Selling Metals

For selling, Texas Precious Metals coordinates the entire process. Your custodian transfers metals to them, ensuring payment within 24 hours.

Working with Custodians

Texas Precious Metals maintains partnerships with reputable custodians including GoldStar Trust Company, Kingdom Trust, and Strata Trust Company, accommodating various IRA types to match individual needs.

Texas Precious Metals prioritizes customer education regarding IRA-to-precious metals conversions, providing robust support to ensure this retirement strategy remains secure and accessible.

2. Texas Precious Metals Depository Services

Texas Precious Metals Depository (TPMD) stands as a premier facility in Texas dedicated to safeguarding precious metals like gold and silver.

The facility operates under comprehensive insurance coverage from Lloyd’s of London, ensuring protection against potential risks such as theft or natural disasters.

As Texas’s largest depository, TPMD implements robust security measures including reinforced vault doors, biometric authentication systems, and professional security personnel.

Your precious metals remain segregated from others’ holdings, and the facility offers streamlined processes for both storage and liquidation.

When compared to other Texas depositories, TPMD distinguishes itself by eliminating common fees associated with account establishment and withdrawal services.

The competitive storage rates make it an attractive option for investors seeking secure, cost-effective precious metal storage solutions.

3. International Storage Service

Strategic Wealth Preservation (SWP), accessible through Texas Precious Metals, operates as a sophisticated storage facility in the Cayman Islands specifically designed for precious metals storage.

This independent, private service appeals particularly to North American investors seeking offshore asset protection.

The facility ensures your investments remain:

• Fully secured.
• Segregated from other holdings.
• Comprehensively insured.
• Under your complete ownership.
• Accessible with 24-hour notice.

SWP distinguishes itself through:

• Enhanced security protocols.
• Quick access to stored metals.
• No minimum storage requirements.
• IRA-approved status.
• Exemption from government reporting requirements.

These features combine to create a private, secure environment for your precious metal investments, offering both protection and accessibility.

The facility’s strategic location and operational structure provide additional layers of security while maintaining convenient access for investors.

How to Buy from Texas Precious Metals

Precious metals purchasing through Texas Precious Metals (TPM) offers a straightforward process without aggressive sales tactics.

Follow these steps for purchasing:

1. Order Online: Browse and purchase through their website at your convenience.
2. Order by Phone: Contact their team at 361-594-3624 during business hours (Monday-Friday, 8 a.m. – 6 p.m. CST) for personal assistance.
3. No Minimum Order: Since September 23rd, 2017, TPM has allowed purchases of any size, eliminating minimum order requirements.

Upon completing your order, expect an invoice and payment instructions via email. Payment methods include credit cards for fastest processing, cash payments for in-person pickup (limited to $10,000 annually), ACH transfers, and bank wires suitable for larger transactions. Available payment options vary based on the purchase amount.

TPM provides complimentary shipping across the United States. Delivery timeframes depend on order value:

• Orders under $999.99: 3-5 day delivery.
• Orders $1,000 or more: Next-day delivery.

Review their terms and conditions thoroughly before finalizing your purchase. For those new to precious metals investing, consulting with a financial advisor might prove beneficial. This streamlined process makes purchasing from Texas Precious Metals accessible and efficient.

How to Sell to Texas Precious Metals

Selling precious metals to Texas Precious Metals offers a straightforward and secure process. Follow these essential steps to complete your transaction:

1. Lock Your Price

Contact the company during business hours:

• Monday-Thursday: 8 a.m. to 6 p.m.
• Friday: 8 a.m. to 4 p.m.

Have your credit card ready when you call to secure your price.

2. Ship Your Metals

After price confirmation, you must ship your items within 24 hours. While you can choose any shipping service, Texas Precious Metals partners with UPS for orders exceeding $1,000, requiring payment only for the shipping label.

3. Package Preparation

Follow these packaging guidelines:

• Use double-box protection.
• Avoid writing “gold” or “silver” on the package.
• Secure all items with proper wrapping.
• Seal box edges thoroughly with strong tape.
• Include a blank check for bank transfer payment.

4. Shipping Instructions

For UPS shipments, deliver your package directly to a UPS Customer Center to maintain insurance coverage.

Additional Information

Texas Precious Metals accepts items regardless of their original purchase location. While most transactions proceed smoothly, be aware that certain large-volume sales require IRS reporting as mandated by law. This requirement typically affects only substantial transactions.

By following these guidelines, you can efficiently convert your precious metal investments into cash while maintaining security and compliance with all necessary regulations.

Payment Options

You have multiple payment methods at your disposal when making purchases, with options varying based on your order value.

• For Orders Under $25,000: You can choose electronic bank transfer (ACH) by simply following the ACH payment guide steps provided to you.
• Bank Transfers: Should you prefer wire transfers, be aware that additional fees between $20-$35 may apply. You will receive all necessary banking information to complete your transfer.
• Cash Payments: You can make cash payments up to $10,000 per year, but these must be handled in person at our location.
• Payment Options Based on Order Size:
  + Under $1,000: You can use credit cards, cash (in-person), or ACH.
  + $1,000-$24,999.99: All previous options plus bank wire transfers.
  + $25,000 or more: Only bank wire transfers are accepted with prior approval.

These payment guidelines ensure smooth transactions while maintaining security standards. Each method has been carefully selected to provide you with convenient options that match your purchase amount.

Remember to consider processing times and any associated fees when choosing your preferred payment method.

If You’re New to Precious Metals, Get Their Free Trading Guide!

Precious metals investing can seem complex, especially when you’re just starting with gold or silver investments.

Texas Precious Metals offers a comprehensive free guide designed specifically for newcomers to the market. The guide presents essential information through straightforward explanations.

You’ll discover whether gold serves better as an investment vehicle or wealth preservation tool, understand optimal portfolio allocation for precious metals, and learn the key distinctions between investing in coins versus bars.

The guide simplifies the purchasing process, making it accessible for beginners. Beyond basic information, this resource addresses frequently asked questions with insights from industry professionals.

Texas Precious Metals brings substantial expertise to the table, having established itself as a reliable presence in the precious metals market.

Their guide serves as a valuable tool for anyone looking to enter the precious metals market with greater understanding.

Take advantage of this free resource to build a solid foundation for your precious metals investment journey!

Customer Reviews and Ratings for Texas Precious Metals

When investing in precious metals, customer feedback provides valuable insights into dealer reliability. Texas Precious Metals has established a strong reputation through positive customer experiences and ratings across multiple platforms.

Let’s examine their ratings across various review sites:

• BBB (Better Business Bureau): The company maintains an impressive A+ rating, demonstrating exceptional business practices and trustworthiness.
• Trustpilot: With a rating of 3.6 out of 5 based on 2 reviews, the company shows promise in global customer satisfaction.
• Yelp: A remarkable 4.3 out of 5 rating from 29 reviews indicates high customer satisfaction levels.

Texas Precious Metals (TPM) stands out for their customer-focused approach, diverse product selection, and streamlined purchasing process.

Customers consistently praise TPM for their reliable transactions involving popular bullion products such as Silver Eagles and Maple Leafs.

The company attracts buyers through competitive pricing structures, complimentary shipping services, and transparent transaction processes.

Their accessibility through both online platforms and telephone support enhances customer experience. However, during peak business periods, order fulfillment might extend beyond their standard three-day processing window following payment confirmation, which can occasionally lead to customer frustration.

The company’s commitment to customer service, combined with their comprehensive product offerings and user-friendly purchasing system, has earned them a respected position in the precious metals market.

Their consistent positive ratings across multiple review platforms reflect their dedication to maintaining high service standards and building lasting customer relationships.

Pros and Cons of Texas Precious Metals

When considering precious metals purchases from Texas Precious Metals, understanding both advantages and limitations helps make informed decisions.

Below are the key benefits and drawbacks to guide your investment choice:

Pros:

Texas Precious Metals provides extensive options for gold, silver, and platinum products, ensuring diverse investment possibilities for buyers.

The company offers specialized sealed boxes designed to protect and organize coins, making them valuable for collectors. Their secure storage facilities for purchases add an extra layer of convenience.

While not handling complete retirement account services internally, they support account setup processes through coordination with external custodian partners.

Cons:

A notable limitation is the lack of comprehensive in-house retirement account management services. This requires investors to collaborate with additional companies for certain services, adding complexity to the investment journey.

Is Texas Precious Metals a Legitimate Company?

Texas Precious Metals has established itself as a trustworthy enterprise since 2011. The company earns customer trust through transparent operations and quality service delivery. They maintain secure storage facilities and provide direct shipping options for precious metal purchases.

The company holds high regard among metal investors and collectors. Online reviews consistently showcase positive customer experiences, reinforcing their position as a respected entity within precious metals trading.

Conclusion

Texas Precious Metals stands as a reliable destination for precious metal investments. Their customer-centric approach combined with streamlined purchasing processes creates a trustworthy trading environment.

For investors seeking to diversify portfolios with gold or silver, the company provides secure investment pathways. Their commitment to best practices establishes them as a dependable market choice.

BEST COMPANY

9.8

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