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 LicenseFor 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
Required FormsDownload 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 IdentificationNotarization 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 |
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{ 6 comments… read them below or add one }
One thing I enjoy about reading online resources such as this, is the fact that
there arent any other spelling or even grammatical errors!
Causes it to be demanding about the readers sometimes.
Good job on might also that the subject of this site.
Plenty of thanks!
How can i start scrap business license? How can i get the license.
We have stores in 4 states buying gold. We wrote the Manual ourselves. It’s available here:
http://www.scrapgoldguru.com/ $47 immediate download in Adobe Acrobat
RE: Licensing, you are planning to buy from the public via a “brick-n-mortar” or you’ll be buying via gold parties…
Also, what state/province?
Angela – Trihouse
Scrap Gold Biz Consulting
http://www.GoldintoLoot.com
http://www.scrapgoldguru.com/
http://www.GoldPartyProfits.com
702-208-6736
how and where did you get your scrap gold startup manual? any idea if there is a license need in California? Thanks
Here’s a link to the precious metals dealers license for Wisconsin:
http://www.ci.mil.wi.us/ImageLibrary/Groups/ccLicenses/pmg.pdf
Very helpful! I’ve been wanting to start a scrap gold party business but I was concerned about the licensing issue. I’ll get my research done. I already have your Scrap Gold Startup Manual; big, big help!