Texas Precious Metals Review

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Gold crossed $4,800 per ounce in early April 2026, up more than 25% since the start of 2025. At prices like that, who you buy from matters.

Texas Precious Metals (TPM), headquartered in Shiner, Texas, has processed over $4 billion in client transactions since its founding in 2011, shipping more than 150,000 orders across all 50 states. 

The company operates as a subsidiary of Kaspar Companies, a fifth-generation family business that has been running continuously in South Texas since 1898. For investors shopping for physical gold, silver, or platinum in today's elevated market, TPM is one of the more serious options to evaluate.

Key Takeaways

• Texas Precious Metals has processed over $4 billion in transactions and shipped more than 150,000 orders since 2011, backed by a 128-year-old Texas family business.
• The company posts buy and sell prices publicly online with no commissions or salespeople, making it easy to compare their premiums before you commit.
• TPM offers free shipping on all orders and operates its own private depository with Class 2 and Class 3 equivalent vaults insured by Lloyd's of London.

Company Background and Scale

TPM launched in 2011 out of Shiner, a small South Texas town about 90 miles from San Antonio. It is not a standalone startup; it sits under Kaspar Companies, which employs over 500 people and is the largest employer in Lavaca County.

That institutional backing matters when you are wiring tens of thousands of dollars to buy precious metals.

The volume numbers are notable. Over 700,000 ounces of gold and 75 million ounces of silver have moved through the company since inception.

Inc. Magazine listed TPM as one of the fastest-growing private companies in America, and Texas A&M University ranked it the top fastest-growing Aggie-owned business in the world.

The company has also made the Aggie100 list in 2014, 2015, 2024, and 2025, which gives some consistent sense of trajectory rather than a one-time spike.

Their operations span four locations: headquarters and warehouse operations in Shiner, digital operations in College Station, capital markets in Dallas, and international vaulting in Lucerne, Switzerland.

Products Available

TPM carries gold, silver, platinum, and a range of specialty items. Here is a breakdown of the main product categories:

The Texas Silver Round is the product most tied to the company's identity. As of 2026, over 3 million Texas Silver Rounds are in circulation. The round features the Texas Lone Star on the obverse, and the reverse design changes every year.

Over 14 years of production, the reverse has depicted a cowboy, longhorn, white-tailed deer, coyote, bobcat, the Texas Capitol, and a four-year Texas Revolution Series. The Texas Mint, which grew out of the round's popularity, has produced more than 4.2 million ounces of branded products total.

TPM also pioneered what it calls the "mini-monster box," a 250-ounce alternative to the standard 500-ounce mint-issued monster box. That product gives buyers who want bulk silver a lower barrier to entry without going through a third-party dealer to split a full box.

Pricing Transparency

One of the clearest differentiators here is how TPM handles pricing. Buy and sell prices are posted publicly on the website at all times. There are no commissions, no salespeople, and the company states openly that it does not solicit clients.

You can look up what you would pay for a 1 oz American Gold Eagle or a 10 oz silver bar and compare it to competitors without having to call anyone.

With gold currently hovering in the $4,700 to $4,800 range, even small premium differences matter. A 1% premium gap on a $5,000 gold coin purchase is $50. On a $50,000 IRA rollover, that same percentage is $500. Transparent, publicly posted pricing removes one layer of uncertainty from that calculation.

Their motto is "Pure and Simple," and the pricing model reflects that. TPM does not offer the high-pressure sales environments common at some other dealers who target retirement savers with numismatic coins pitched as special investments.

Payment Methods and Order Sizing

TPM accepts several payment methods depending on order size. Here is how the tiers work:

Cash purchases are limited to $10,000 per calendar year per household and require an in-person visit to the Shiner facility. Cashier's checks and money orders have not been accepted since August 2013. Local pickup is available by appointment only.

The company has even noted a helipad on-site for clients who want to fly in directly, which is more practical detail than promotional novelty given the rural Texas location.

All orders ship free. Orders ship within three business days of cleared payment. For larger purchases using bank wire, the time from order placement to delivery is typically next business day after funds clear.

Storage: Texas Precious Metals Depository

TPM launched its private storage arm, Texas Depository, in 2018. The facility in Shiner operates with Class 2 and Class 3 equivalent vaults, insured through underwriters at Lloyd's of London.

Storage is available to individual investors, family offices, IRA custodians, and institutional clients. All storage is fully segregated, meaning your metals are stored separately from other clients' holdings rather than pooled.

In 2024, TPM expanded the depository's offerings to include global storage outside the United States, with its international vaulting operation based in Lucerne, Switzerland. That option is relevant for investors seeking geographic diversification of their physical holdings.

The depository holds a SOC (System and Organization Controls) certification, which means it has gone through an independent audit of its internal controls.

IRA and Retirement Accounts

TPM offers gold and silver IRA rollover services for investors who want to hold physical metals in a self-directed IRA. Given that gold is currently up over 25% year-over-year, the IRA option is getting attention from retirement savers who want exposure without holding metal at home.

TPM provides the resources to set up a self-directed IRA, though like all such arrangements, the IRA custodian is a separate entity. TPM's role is supplying the IRA-eligible metals, not acting as the custodian.

IRA-eligible products include American Gold Eagles, American Silver Eagles, and certain bars meeting IRS fineness requirements. The transparent pricing structure works in favor of IRA buyers because the cost basis is clearly documented at the time of purchase.

Accreditations and Industry Standing

TPM holds membership in the London Bullion Market Association (LBMA), which is one of the more meaningful industry credentials. The LBMA sets global standards for gold and silver trading, and membership requires meeting those standards for refining, trading, and operations.

TPM is also a member of the International Precious Metals Institute (IPMI) and maintains ICE (Intercontinental Exchange) market data access for live pricing.

The company's AML (anti-money laundering) policies and Patriot Act compliance documentation are publicly available on the website, which reflects the kind of regulatory seriousness you want to see from a dealer handling large transaction volumes.

Who TPM Works Best For

TPM is a practical fit for buyers who want to purchase standard bullion coins and bars at competitive premiums without navigating high-pressure sales. The public pricing makes comparison shopping straightforward.

The depository is genuinely useful for investors who do not want to store metal at home or in a bank safe deposit box, particularly for IRA holdings where home storage is not permitted.

Texas-based buyers also benefit from the state's favorable treatment of precious metals. Texas exempts gold and silver bullion from sales tax on purchases over $1,000, and has enacted legislation affirming the monetary status of precious metals under state law.

TPM's Texas location and its existing customer base across Texas means the company understands that regulatory environment well.

The collectible and licensed products, including Texas A&M, Pro Rodeo, and UFC rounds, add a secondary category for buyers who want something beyond standard bullion. These are not investment-grade purchases in the same sense as a gold bar, but they hold appeal for gift buyers and collectors.

Limitations to Consider

• Credit cards are only accepted on orders under $10,000, so larger purchases require ACH or bank wire setup.
• Local pickup requires an appointment and travel to Shiner, Texas, which is a rural location not convenient for most buyers.
• The in-stock policy means TPM lists products only when they actually have them, which can limit availability on some coins during high-demand periods.
• TPM does not have a physical retail storefront in any major metro area; the operation is primarily online and mail-order.