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Texas unveils official bullion coin and gold bills program
By Jeremy Szafron
Kitco.com, Montreal
Wednesday, February 11, 2026
In a historic shift for state level finance, Texas has officially moved from a passive storage model to an active, state-run bullion supply chain. The rollout, announced live from the Texas State Capitol, introduces a first-of-its-kind, dot-gov storefront that allows the public to purchase state-branded gold and silver directly from the comptroller's office.
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The initiative marks the first time a U.S. state has facilitated a closed-loop system for precious metals, bridging the gap between manufacturing, vaulting, and direct to consumer sales.
"Texas is the first state to facilitate a closed-loop system for precious metals from manufacturing to vaulting to direct to consumer sales," said Josh Phair, CEO of Scottsdale Mint, in an exclusive interview with Kitco News.
"By launching its own branded coins and gold bills through an official dot-gov storefront, the state is creating a physical alternative to traditional financial systems." ...
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