1 oz Texas Mint Silver Bar

A Private Mint Bar from a 128-Year-Old Family Business

The 1 oz Texas Mint Silver Bar comes from one of the more unusual stories in the American private mint world. Texas Mint is a division of Texas Precious Metals, itself a subsidiary of Kaspar Companies, a family business founded in 1898 in Shiner, Texas. That lineage, running from industrial steel manufacturing into precious metals, gives the operation an institutional backbone that most small private mints lack. Texas Precious Metals has processed over $4 billion in transactions and shipped more than 75 million ounces of silver since inception.

The bar is struck from .999 fine silver and weighs exactly one troy ounce. It carries the Texas Mint hallmark and is available through major US dealers including JM Bullion and Silver.com. For buyers seeking a branded 1 oz silver bar at competitive premiums, the Texas Mint bar occupies the space between generic rounds and higher-premium government-issued products. The Texas branding and Kaspar Companies backing give it name recognition in the US market that most private mint bars cannot match.

Premiums on the Texas Mint bar are comparable to other branded private mint products and sit below the premiums charged for government-minted bars from operations like the 1 oz Royal Canadian Mint Silver Bar or the 1 oz Perth Mint Silver Bar. The trade-off is liquidity: while the Texas Mint name is well-recognised within the US dealer network, it does not carry the same international recognition as LBMA-accredited refiner bars.

Texas Mint 1 oz Silver Bar Specifications

The bar dimensions follow standard 1 oz silver bar proportions. Texas Mint also produces bars at 10 oz and 100 oz weights in the same .999 fine silver purity, providing a range for buyers who want to scale their position within the same brand. The 1 oz format is the entry-level product in their bar lineup, sitting alongside the more widely known Texas Silver Round series which uses the higher .9999 fine silver standard.

Note the purity distinction between the two Texas Mint silver products: this bar is .999 fine (three nines), matching the industry standard for silver bars from private refiners. The separate 1 oz Texas Silver bar uses .9999 fine silver (four nines), matching the purity of the Canadian Silver Maple Leaf. Both meet IRA eligibility requirements, but the four-nines product is technically the higher-purity offering within the Texas Mint range. For buyers where the purity distinction matters, the Texas Silver bar is the premium choice; for buyers focused on lowest possible premium per ounce, this standard .999 bar is the more cost-effective option.

Tax Position for the 1 oz Texas Mint Silver Bar

The Texas Mint bar's tax treatment varies by jurisdiction and is determined by its .999 silver purity and private-mint status.

United States

The bar meets the IRS purity requirement for precious metals IRA holdings (minimum .999 fine for silver). It qualifies for inclusion in a self-directed IRA when held by an approved custodian. Texas itself charges no state sales tax on precious metals, and the majority of US states now exempt bullion purchases from sales tax. In states with threshold-based exemptions (California over $2,000, Florida over $500, New York over $1,000), a single 1 oz bar may not meet the minimum on its own, though combined orders typically qualify.

United Kingdom

Silver bars attract 20% VAT on purchase in the UK with no exemption. Unlike UK legal tender silver coins, bars receive no CGT exemption either. This double taxation (VAT on entry, CGT on gains at disposal) makes silver bars the least tax-efficient form of silver for UK buyers. The margin scheme does not apply to new bars from private mints.

Canada, Australia, and New Zealand

In Canada, silver bars at .999+ purity are GST/HST exempt at the federal level. Australian buyers pay no GST on investment-grade silver at .999+ purity. New Zealand exempts silver at .999+ purity from GST. The Texas Mint bar qualifies for exemption in all three jurisdictions.

Singapore and Hong Kong

Singapore's Investment Precious Metals (IPM) scheme exempts silver bars at .999+ purity from 9% GST, provided they come from an approved refiner. Texas Mint is not LBMA-accredited, so IPM status may depend on the dealer's classification. Hong Kong imposes no sales tax, import duty, or capital gains tax on any bullion.