Precious metal dealer license

You need a license to buy and sell items with precious metals in Minneapolis.

Definition

Buying and selling used items containing precious metals.

Items include:

  • Candlestick holders and decorative objects
  • Coins
  • Eating utensils
  • Ingot – metal cast into a shape ready for further processing
  • Jewelry and watches

Precious metals include

  • Gold
  • Platinum
  • Silver

Jewelry stores or coin shops that buy or trade these items need a license. 

jewelry in and around a clam shell

What to know

Before you begin

Use this information only as a general guide.

Look at our information about: 

Requirements

  • You must provide a surety bond with your application. 
  • Precious metal dealers in Minneapolis are required to be licensed.
  • The applicant, manager(s), and each owner must fill out a personal information form.

 

Application

See precious metal dealer application

Fee

Find your license fee

Submit your application

Submit your application to Business Licenses

Report an issue

Contact us

Business Licenses & Consumer Services

Phone
612-673-2080

Fax
612-673-3399

Address

Public Service Building
505 Fourth Ave. S., Room 220
Minneapolis, MN 55415

Office hours
8 a.m. – 4 p.m.
Monday – Thursday

9 a.m. – 4 p.m.
Friday

Minneapolis 311

Email Minneapolis 311

Phone

311 or 612-673-3000

TTY

612-263-6850

Hours

7 a.m. – 7 p.m.
Monday – Friday

See list of City holidays