Scrap Gold Business-Do You Need a License?

We’re asked every day, “Do I need a license to buy and sell scrap gold?” “Do I need a license to start a scrap gold party business?”

Our answer? Depends. It depends on where you are. Some locales require a licensing of scrap gold businesses and some don’t.

So how do you know? You’ve got to research it!

To begin your research start with your local city hall. Tell them your plans and ask if you need a license to buy and sell scrap gold jewelry. Additionally, ask your local police department.

Next, do a search at Google.com. Search for “second hand precious metals dealers license for YOUR STATE or PROVINCE.

For example, we performed a search for “Minnesota Precious Metal Dealers License” and came up with the following; Perfect! Exactly what we needed for a client who wanted to start a scrap gold jewelry business. NOTE: This is for Anoka County; NOT the state of Minnesota scrap gold licensing bureau.
License Bureau -> Precious Metal Dealer License 

Precious Metal Dealer License

For information about other licenses and services, see the License Bureau home page

Any establishment dealing with the sale or commercial use of secondhand platinum, gold, and/or silver in Anoka County must obtain a Precious Metal Dealer License.

How To Obtain

  1. Fill out the Precious Metal Dealer License application form and the Certification of Compliance form.
  2. The application form must also be signed by a Notary Public, a service available at the Government Center Vital Statistics office or any Anoka County License Center.
  3. Then, either:

Download the Precious Metal Dealer License application form (Adobe Acrobat format), type in your information and print it, and…

Download the Certification of Compliance form (Adobe Acrobat format), type in your information and print it, or…

Pick up the application form and compliance form at the Government Center Vital Statistics office, or…

Request that the application form and compliance form be sent to you.

Required Identification

Notarization requires a Driver’s License or State Identification Card.

Required Fees

$50.00

The Government Center Vital Statistics office can accept payment by cash, check or credit card (Mastercard and VISA).

Questions? E-mail: VitalStats@co.anoka.mn.us

MEANWHILE, grab your copy of our latest version of our popular Course, “How to make Money Buying & Selling Scrap Gold, Silver and Platinum.” Only $37.00!
 
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