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In 2010, Texas Precious Metals originated as a joint venture project between Saab & Company Inc. and Kaspar Texas Traditions (KTT). The company maintained a business-to-business model serving the wholesale market, selling gold and silver bullion exclusively to coin shops and precious metals retailers.
The Silver Eagle coins were sold out in the first week of July 2015. The Mint said its facility in West Point, New York, continued to produce coins and it resumed sales at the end of July 2015. This was the second time the mint's silver coins had sold out in the past nine months. The Mint ran out of 2014-dated American Eagles in November 2014.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
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The obverse of the American Silver Eagle. The American Silver Eagle is a United States bullion coin that has been minted since 1986. Each coin is .999 fine silver. Circulating coins have been minted at the Philadelphia Mint, San Francisco Mint, and West Point Mint, though do not bear a mint mark. Proof and uncirculated coins do have mint marks ...
A new coining press from Germany, the Grabener 1000 press, was installed on March 1, 2010, at the Philadelphia Mint for use in producing the America the Beautiful Silver Bullion Coins. The press provides up to 1,000 metric tons (1,100 short tons ) of pressure for each strike and can produce in excess of 1 million coins per year.
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