Texas Precious Metals
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About the 10 oz Texas Silver Bar
The Texas Silver Series in 10 oz Bar Form
The 10 oz Texas Silver bar is part of the Texas Silver series from Texas Mint, combining the annual design programme that made the Texas Silver rounds popular with the lower premiums of bar format. Texas Mint is a division of Texas Precious Metals, which itself sits within Kaspar Companies, a 128-year-old family business based in Shiner, Texas (population roughly 2,000, better known for Shiner beer than precious metals).
The Texas Silver series launched in 2013 with annual 1 oz rounds and has since expanded to include bars in 1 oz, 10 oz, and 100 oz formats. All Texas Silver products are struck at .9999 fine silver, a purity level that exceeds the standard .999 used by most private mints. Over 3 million Texas Silver rounds have entered circulation since the series began, and over 4.2 million ounces of Texas Mint branded products have been produced in total.
The obverse of Texas Silver products features the geographic outline of Texas with the Lone Star, a design that has remained consistent throughout the series. The bar format carries this same branding, making it immediately identifiable as part of the Texas Silver family. For buyers building a position in silver who want a branded product with .9999 purity at bar-level premiums, this represents a practical middle ground between generic bars and higher-premium sovereign mint products.
10 oz Texas Silver Bar Specifications
| Attribute | Value |
|---|---|
| Weight | 10 troy ounces (311.035 g) |
| Purity | .9999 fine silver |
| Dimensions | 46.6 mm x 90.7 mm x 7.5 mm |
| Series | Texas Silver |
| Manufacturer | Texas Mint (Kaspar Companies) |
| Country of origin | United States (Shiner, Texas) |
| Legal tender | No |
| Face value | None |
| Obverse design | Texas state outline with Lone Star |
The .9999 purity (four-nines) is notable for a private mint bar. This matches the purity standard of the Royal Canadian Mint and exceeds what most US private mints offer. Weight and purity are stamped directly on the bar alongside the Texas Mint hallmark.
Tax and Legal Status of the 10 oz Texas Silver Bar
The Texas Silver bar is a private mint product with no legal tender status or face value. Its .9999 purity does, however, provide favourable tax treatment in most bullion-friendly jurisdictions.
United States
IRA-eligible. The .9999 purity exceeds the IRS Section 408(m) minimum of .999 for silver in a Precious Metals IRA. Texas charges no state sales tax on precious metals, and approximately 35 other states also fully exempt bullion purchases. Capital gains are taxed at the 28% federal collectibles rate for holdings exceeding one year, with short-term gains taxed as ordinary income.
Canada
Qualifies for 0% GST/HST as the .9999 purity exceeds Canada's .995 threshold for precious metals exemption. Bars must be in standard form (bar, ingot, coin, or wafer) to qualify, which this product satisfies.
Australia
GST-free as investment-grade silver (.999+ purity in a form commonly traded on commodity markets). The 10% GST does not apply.
United Kingdom
Subject to 20% VAT on purchase. Not CGT-exempt (no legal tender status). The margin scheme for reduced VAT is only available on pre-owned silver, not new production bars.
Singapore
Exempt from 9% GST under the Investment Precious Metals (IPM) scheme, which requires .999+ purity for silver bars from qualifying refiners.
Texas Silver 10 oz vs Other Branded Silver Bars
The Texas Silver bar occupies a specific niche: branded private mint product with .9999 purity at competitive pricing. Several alternatives compete for the same buyer.
The 10 oz Texas Mint generic bar is the unbranded equivalent from the same manufacturer. Both are .9999 fine, but the Texas Silver bar carries the series branding and Lone Star design. The premium difference is minimal, and the choice comes down to whether the collector design adds value for the buyer.
The 10 oz RCM Silver Bar matches the .9999 purity but comes from a sovereign mint with international recognition. RCM bars typically command higher premiums and tighter resale spreads. For buyers who plan to sell internationally or who value maximum liquidity, the RCM bar is the safer choice. For those focused on minimising cost per ounce of .9999 silver, the Texas Silver bar delivers equivalent purity at a lower entry price.
Against the 10 oz Wall Street Mint bar or 10 oz Scottsdale Mint bar, the Texas Silver bar offers higher purity (.9999 vs .999) while competing at similar premium levels. The purity advantage is marginal in practical terms but gives the Texas Silver bar a clear specification edge and broader IRA eligibility confidence.
10 oz Texas Silver Bar: frequently asked questions
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The cheapest 10oz Texas Silver bar currently listed is $796.39 from Texas Precious Metals, sitting around 21.9% over the silver spot price. Texas Mint bars carry .9999 fine silver purity, slightly above the .999 standard common among private mint products, which can affect their premium relative to generic alternatives.
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The 10oz Texas Silver bar is .9999 fine silver (four-nines purity), containing 311.035 grams of silver. It is produced by Texas Mint, a division of Texas Precious Metals based in Shiner, Texas. The four-nines purity exceeds the .999 standard typical of most privately minted bars and rounds.
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Tax treatment varies by country. In the UK, silver bars are subject to 20% VAT on purchase, and gains are liable to Capital Gains Tax at 18% or 24% depending on your income band, above the £3,000 annual allowance. US investors face up to 28% on long-term gains. In Canada, 50% of the gain is included in taxable income.