Precious Metals Dealers License

Pawn second hand precious metal dealers.

Precious metals dealers license. The mission of maryland s secondhand precious metal object dealer pawnbrokers licensing program is to license and regulate individuals who buy or otherwise acquire from the public secondhand gold silver platinum and other precious metal objects or otherwise trade with the public in secondhand precious metal objects. But before you begin determine whether you need a precious metals dealer license if you re involved in buying and selling items made of or containing gold silver platinum or other precious metals or jewels including scrap metal you likely need to get approved for your precious metals license. The public act also requires the licensing of a new category of dealers secondhand dealers. Before registering to be a secondhand dealer automated kiosk secondhand dealer mail in secondhand precious metals dealer or secondary metals recycler you must have a sales and use tax certificate of registration form dr 11 for.

To read the legal statute see chapter 9 615 of the philadelphia code. Anyone operating as a crafted precious metal dealer in the state of texas must register with the office of consumer credit commissioner occc. A florida precious metals dealer license can only be obtained through an authorized government agency. License requirements vary by state.

To find the requirements for your state contact the appropriate state regulator. Each county where secondhand goods are purchased consigned or traded and at each location where secondhand goods are sold. The dealer shall post a conspicuous sign in proximity to the place where weighing is made quoting the prices offered for the various units and fineness of precious metals. Certificate registration crafted precious metal dealers is now hosted on the texas occc website alecs.

Anyone who previously held a registration from the dps and those looking to obtain a new registration must create a new account in. The requirements vary from one municipality to another. There isn t just one set of rules for obtaining these licenses. This includes pawn shops coin dealers and some jewelry stores.

Precious metal dealer license application cost. Precious metal dealer s license. Precious metals dealer license. This license is for any establishment dealing with the sale or commercial use of secondhand platinum gold and or silver.

Precious metals dealer licenses are just one example of business licenses and governmental permits that business owners are often required to possess. Section 21 39 and on takes effect october 1 2011 and places new requirements on pawnbrokers and precious metals or stones dealers.