Is Texas Precious Metals Legit? My Honest Review

I started this Texas Precious Metals review because I was about to wire a serious chunk of my retirement savings to a bullion dealer I’d only read about online. That’s a nerve-wracking moment.

So I dug into the ownership, the pricing rules, the storage setup, and every third-party rating I could find. Before you send a dollar anywhere, you deserve the unfiltered version. Here it is.

My Quick Verdict Before You Read Further

Texas Precious Metals is legitimate. The company is a real, family-backed operation with an A+ Better Business Bureau accreditation dating to 2011, membership in the London Bullion Market Association, and over $4 billion in processed transactions.

Who it suits: buyers who want transparent buy/sell pricing, free fast shipping, and no pushy salespeople.

Who it might frustrate: people who want every product in stock at all times, or retirement savers who expect easy walk-in access to their stored metals.

If you value honesty over hype, this dealer earns a real look.

Who Actually Runs Texas Precious Metals?

A bullion dealer is only as trustworthy as the people behind it, so I went looking for names, history, and a paper trail. What I found is a company with deeper roots than most online sellers.

The Kaspar Family Roots Going Back to 1898

Texas Precious Metals operates as a subsidiary of Kaspar Companies, a fifth-generation family business that has run in South Texas since 1898. That’s 128 years of continuous operation across multiple ventures.

Kaspar Companies is the largest employer in Lavaca County, with more than 500 people on payroll across four businesses. A dealer with that kind of multi-generational footprint has far more to lose from a scam than a fly-by-night website does.

The precious metals arm itself launched in 2011. You’ll see a 2004 date floating around in some reviews, and that traces back to the underlying LLC registration, which is why the BBB lists a business start date of December 2004 but accreditation from May 2011.

Tarek Saab and Jason Kaspar: The Two Men Who Built It

Two people sit at the center of this business:

• Tarek Saab serves as Co-Founder, President, and CEO. He’s the public face, appearing in interviews on the company’s own “Y’all Street” media channel.
• Jason D. Kaspar is Co-Founder and Managing Member, carrying the family name into the metals operation.

The company came together as a partnership between Kaspar Texas Traditions and Saab & Company Inc. Dan A. Kaspar rounds out the membership, and Lori Malina handles the books as Comptroller.

Named leadership matters. When you can put a face and a title to a company, accountability stops being abstract.

Where They’re Located and Why Shiner, Texas Matters

The headquarters sits at 50 CR 356 in Shiner, Texas, the same small town known for its brewery. The company also runs digital operations in College Station, a capital markets office in Dallas, and international vaulting in Lucerne, Switzerland.

Shiner anchors the brand in a real, physical place with deep community ties. Phone lines run Monday through Thursday 8am to 6pm CST and Friday 8am to 4pm CST. They even keep a helipad for visitors, which tells you something about the scale of the operation.

What You Can Actually Buy From Them

The catalog runs wider than most dealers I’ve compared, and a good portion of it you won’t find anywhere else. Here’s what’s on the shelf.

Gold, Silver, and Platinum Lineup

The core inventory covers the metals serious buyers expect:

• Gold: coins, bars, Pre-1933 coins, Goldbacks, and Texas Gold Rounds
• Silver: coins, bullion bars, Texas Silver Rounds, and monster boxes
• Platinum: coins and bars
• Palladium: referenced in their selling and reporting tables

The silver selection includes their pioneering 250-ounce “mini-monster box,” a smaller alternative to the standard 500-ounce case. That kind of product variety gives both small and large buyers room to build a position at their own pace.

The Texas Silver Round and Their In-House Texas Mint

The signature product is the Texas Silver Round. As of 2026, more than 3 million are in circulation, marking the 14th year of production.

The Texas Mint, their in-house brand, has struck over 4.2 million ounces of branded products in 1-ounce, 10-ounce, and 100-ounce formats.

The obverse shows the Lone Star and the state outline, while the reverse design changes every year, cycling through cowboys, longhorns, white-tailed deer, coyotes, bobcats, the Texas Capitol, and a four-year Texas Revolution Series.

An in-house mint means you’re buying directly from the source on those products, which usually trims the premium.

Specialty and Licensed Collections (Pro Rodeo, UFC, Texas A&M, Goldbacks)

This is where the catalog gets genuinely different. Texas Precious Metals holds licensing deals for branded lines you rarely see at a standard dealer:

• UFC and Pro Rodeo collections
• Texas A&M and Rodeo Time products
• Goldback notes and Y’all Street pieces
• Montana Silversmiths, Nebü Jewelry, and The Royal Mint lines

These appeal to collectors as much as stackers. If you want metal that doubles as a gift or a conversation piece, the selection is wider than the competition.

Gift Items and the Unusual Stuff (Silver Ammo and More)

Beyond bullion, you’ll find gift items, accessories, and the eyebrow-raising “Texas Silver Ammo.” It’s a novelty product that leans hard into the brand’s personality.

Most dealers play it straight and dull. This one clearly enjoys having a regional identity, and that comes through in the odd corners of the catalog.

How Buying From Texas Precious Metals Really Works

The purchase process is built around transparency, and I appreciated how little guesswork was involved. The site shows you both buy and sell prices upfront.

Placing an Order Online or by Phone

You can order online 24 hours a day, 365 days a year, or call the trading desk at (361) 594-3624 Monday through Friday.

The company makes a point of having no commissions, no salespeople, and no solicitation. There are also no reporting requirements when you buy, regardless of how much you purchase. The IRS rules on dealer reporting apply to sales in specific cases, not your purchases.

That hands-off model means you research, decide, and buy without anyone steering you toward a higher-margin product.

Accepted Payment Methods and the Limits That Apply

Payment options shift depending on how much you spend, and a couple of the rules will surprise first-timers.

Credit Card, ACH, and Bank Wire Thresholds

Here’s how the tiers break down:

• ACH (electronic check): for orders under $25,000
• Bank wire: required for orders of $25,000 and up
• Credit card: accepted on smaller orders under $10,000

What they no longer accept, as of August 2013, are bank checks, cashier’s checks, and money orders. Knowing your payment path before you check out saves a frustrating hold on your order.

The Cash Rule Most Buyers Don’t Expect

Cash is accepted in person only, at the Shiner facility, and capped at $10,000 per household per calendar year.

That limit ties directly to federal cash-reporting thresholds. If you walked in expecting to pay cash for a large order, you’d hit a wall fast.

Their Free Shipping and the 3-Day Promise

Shipping is free on every order, no minimums. Packages move via UPS or FedEx, fully insured.

The signature commitment is that orders ship within three business days of cleared payment. The company calls itself the only precious metals dealer that promises that window.

During major holidays like Thanksgiving, Christmas, and New Year’s, packages may be held certain days for security, which can stretch that timeline slightly.

A guaranteed ship window is rarer than you’d think in this business, and it’s a real point in their favor.

The “If We Don’t Have It, We Don’t Sell It” Policy

Texas Precious Metals only sells what it physically holds. It does not sell product forward that it doesn’t yet have in the vault.

The trade-off is honesty for availability. You’ll occasionally see items marked out of stock, and that’s a deliberate choice rather than a supply failure. The upside: when you order, your metal exists and is ready to ship.

Selling Your Metals Back to Them

A dealer’s buyback program tells you whether they’ll be there when you want liquidity. This one buys back metals, including products it doesn’t even sell itself.

How the Lock-In and Buyback Process Works

The process runs like this:

• Call Monday through Friday to lock in your sell price (a credit card is required)
• Ship your bullion within 24 hours of locking the price
• Use your own shipping and insurance, or request a prepaid FedEx label for sales of $1,000 or more
• Receive payment via ACH after the vault team inspects and validates your items (include a voided check)

Locking the price before you ship protects you from market swings while your package is in transit. That’s the detail that matters most.

The Packing Rules You Must Follow

The packing requirements are strict, and skipping them can void your insurance:

• Double-box everything: a corrugated inner box inside an outer box
• Never use a manufacturer or monster box as the inner box
• Remove all bullion references from the exterior
• Seal seams with reinforced or nylon tape
• Cover the second exterior label with clear tape
• Drop off only at staffed FedEx locations, never a dropbox

The logistics line is (361) 594-3624, option 4. Follow these rules to the letter, because security here protects both you and them.

When the IRS Actually Gets Involved (1099-B Reporting)

Selling can trigger a 1099-B, but only for specific products. As updated by the IRS in 2026, reporting applies to:

• Gold 100-ounce and 1-kilo bars (.995 fineness)
• Silver 1,000-ounce bars (.999, five-bar minimum)
• Platinum and palladium 10 ounces or more (.9995)

It does not apply to American Gold Eagles, American Buffalos, Austrian, Australian, or Chinese coins, or fractional gold coins. Knowing which products carry reporting can shape what you buy in the first place if privacy matters to you.

Storing Your Metals at the Texas Depository

In 2018, the company launched the Texas Precious Metals Depository, a private storage facility at texasdepository.com. For retirement accounts and large holdings, this is a central piece.

Segregated Storage and Lloyd’s of London Insurance

The depository offers both segregated and non-segregated storage. Segregated means your specific bars and coins are held separately and titled to you, not pooled.

The vault is insured by underwriters at Lloyd’s of London, and the company has published a SOC 3 security report. Independent insurance and audited security controls are exactly the proof points cautious investors should demand.

The Visitation Process and Its Real-World Catch

Here’s where I have to be straight with you. The depository’s visitation process has drawn a real complaint.

A BBB reviewer named Douglas G left a one-star review in January 2026 describing how he was told he could visit his stored bullion “at any time,” then found the approval process through his custodian onerous, and was ultimately not allowed to visit during a planned trip after traveling 1,500 miles. He started questioning whether his metal was actually held.

That’s a single review, and one bad experience doesn’t define a company. Still, if walk-in access to your metal matters to you, ask pointed questions about the visitation policy before you store anything there.

Using Them for a Precious Metals Retirement Account

Yes, Texas Precious Metals facilitates self-directed retirement accounts holding physical metals. This is likely why many of you found this review in the first place.

The Custodians They Work With

The company works with several custodians that allow storage at its own depository:

• Goldstar Trust Company
• Digital Trust
• Strata Trust
• Horizon Trust

Some third-party sources also mention Kingdom Trust and Preferred Trust as past or preferred custodians. Eligible account types include Traditional IRA, Roth IRA, SIMPLE, SEP, HSA, and Coverdell.

The Department of Labor’s guidance on retirement accounts is worth reading if you’re new to self-directed structures.

Having an in-house depository tied to multiple custodians keeps the whole arrangement under fewer roofs, which can simplify the setup.

How a Rollover Moves Step by Step

The rollover follows a clear sequence:

• Select a custodian from their approved list
• Fund the account through your rollover or transfer
• Lock in pricing with the Texas Precious Metals trading desk
• The custodian wires payment
• The metals ship to your depository account

You cannot take personal possession of metals held in a retirement account. That’s an IRS rule, not a company quirk, and any dealer telling you otherwise is a red flag.

Liquidating Metals Held in Your Account

When you want to sell from your account, you contact the trading desk to lock a sell price. The company then instructs your custodian.

Settlement happens by bank wire to the custodian within 24 business hours of the depository receiving the metals. That’s a tight, predictable turnaround for a process that often drags at other firms.

What Real Customers Are Saying (Third-Party Ratings Breakdown)

This is where I spent the most time, because ratings get misquoted constantly across review-aggregator sites. I’m giving you the figures I could actually verify, and flagging where numbers are shaky.

Better Business Bureau: Accreditation and Score

On the Better Business Bureau, the company holds an A+ rating and has been accredited since May 27, 2011.

The customer review score is separate from that letter grade. It currently sits at 3 out of 5 stars based on only two customer reviews, with one complaint closed in the last three years.

A two-review sample tells you almost nothing statistically, so weigh the A+ accreditation far more heavily here.

Trustpilot: A Small but Telling Sample

On Trustpilot, the rating hovers around 4 stars from a very small sample of roughly four reviews.

Different sources cite figures between 3.7 and 4 out of 5. With a sample that tiny, I’d treat it as directionally positive but not statistically meaningful. The recurring praise points to free prompt shipping and easy buying and selling.

Yelp: Local and Buyer Feedback

Recent third-party sources report a Yelp rating around 4.2 out of 5 from roughly 35 reviews.

Reviewers consistently praise service and product quality, with the occasional complaint about shipping hiccups.

One Yelp reviewer described the buying process as clearly explained and easy to follow, which matches the no-pressure model the company advertises.

The Praise and the Complaints That Keep Coming Up

Across every platform, the same themes repeat.

What customers consistently praise:

• Transparent buy and sell pricing shown right on the site
• No commissions and no pushy salespeople
• Fast, free shipping and the three-day ship promise
• Product quality and unique Texas-branded items
• Helpful, knowledgeable staff and a secure, insured depository

What customers consistently criticize:

• Occasional shipping delays during peak demand
• Customer service hard to reach during busy periods
• A depository visitation process more restrictive than expected
• Frequent out-of-stock items, a direct result of the in-stock-only policy

The complaints are mild and predictable for a high-volume dealer. None of them point to dishonesty.

Where Texas Precious Metals Shines and Where It Falls Short

No dealer is perfect, and pretending otherwise would waste your time. Here’s the balanced read.

The Genuine Strengths

The company does several things better than most competitors:

• Pricing transparency: buy and sell prices posted openly, no commissions
• Shipping: free, fully insured, with a rare guaranteed ship window
• Ownership: a 128-year family business with named, accountable leadership
• Storage: Lloyd’s-insured depository with SOC 3 reporting and segregated options
• Product range: an in-house mint plus licensed collections you can’t find elsewhere

These aren’t marketing claims. They’re verifiable structural advantages.

The Honest Drawbacks

The weaknesses are real, even if they’re manageable:

• Stock gaps: the in-stock-only policy means popular items sell out
• Visitation friction: storage visits aren’t as simple as the marketing suggests
• Service bottlenecks: wait times climb when markets get busy
• Thin review samples: several rating platforms have too few reviews to trust fully

Go in knowing these, and none of them should catch you off guard.

Awards, Recognition, and Industry Credentials

Trust signals matter when you’re handing over real money, so here are the credentials I could confirm.

The company has earned recognition that’s hard to fake:

• Named to the Inc. 5000 list of fastest-growing private companies, hitting No. 200 in 2015
• Named No. 1 fastest-growing Aggie-owned or Aggie-led business by Texas A&M University, with multiple Aggie 100 placements (2014, 2015, 2024, 2025)
• LBMA member, the global standard-setter for bullion
• Association with the International Precious Metals Institute (IPMI)
• Published SOC 3 security report
• BBB accredited since 2011 with an A+ rating
• Business Consumer Alliance AA rating

LBMA membership and a published SOC 3 report are the credentials I’d weigh most. They signal real operational discipline, not just a logo on a homepage.

Frequently Asked Questions

Q1. Is Texas Precious Metals a Trustworthy Place to Buy Bullion?

Yes. The company is a real, family-owned operation with 15 years in the metals business, an A+ BBB accreditation, LBMA membership, and over $4 billion in processed transactions. The verified track record outweighs the small handful of mixed reviews.

Q2. Does Texas Precious Metals Charge for Shipping?

No. Shipping is free on every order, fully insured, with no minimum purchase. Orders ship within three business days of cleared payment, with slight delays possible around major holidays.

Q3. Can I Sell My Gold and Silver Back to Texas Precious Metals?

Yes. They buy back metals, including products they don’t sell. You lock in a price by phone, ship within 24 hours following their strict double-boxing rules, and receive payment by ACH after the vault verifies your items.

Q4. Where Does Texas Precious Metals Store Metals for Retirement Accounts?

In their own Texas Precious Metals Depository, insured by Lloyd’s of London with both segregated and non-segregated options. They work with custodians including Goldstar Trust, Digital Trust, Strata Trust, and Horizon Trust.

Q5. How Long Does It Take to Receive an Order From Texas Precious Metals?

Orders ship within three business days of cleared payment, then move by UPS or FedEx, fully insured. Standard ground runs 3 to 5 business days, while orders of $1,000 and up ship Next Day Air.

So, Is Texas Precious Metals Worth It?

After all the digging, my answer is yes for most buyers. The transparent pricing, free insured shipping, real family ownership, and Lloyd’s-insured storage make this a dealer I’d trust with my own money.

Buy here if you want honesty over inventory tricks and don’t mind occasional out-of-stock items. Look elsewhere only if you need every product available instantly or expect casual walk-in access to stored metal. For careful retirement savers, this one clears the bar.