Oklahoma Scrap Gold and Gold Party License

Posted by admin | October 29, 2010 .

Oklahoma has a “Precious Metals Dealer License.” This Oklahoma Gold Buying License is really focused on gold buying stores rather than gold parties. Here’s a description from the Oklahoma Precious Metals Dealer License application web site:

DESCRIPTION: This license allows a business which has a permanent location in Oklahoma to take, receive, or transfer USED precious metals or gems in the course of business. Precious metals are Platinum, Gold, or Silver, but not in the form of coins. Gems are precious stones or items containing precious stones. The licensee can conduct business only at the location listed on the license.

TIME FRAME TO ISSUE: The approval process requires up to 60 days to complete.

FEES: The fees for this license include: a $425.00 one-time investigation fee and a $300.00 license fee for a total of $725.00

LICENSING PERIOD: This license is valid for one year, beginning on January 1^st.

LICENSING RENEWAL: This license may be renewed by submitting renewal documentation before December 1^st each year.

PREREQUISITES: The business must have a $10,000.00 bond at the time of application, and a full set of fingerprints and photograph of each owner or officer of the company.

NOTES by http://www.GoldPartyProfits.com :

Again, this Oklahoma Precious Metals Dealer License is focused on “brick-n-mortars,” or stores rather than gold parties in private homes, churches, etc.

The Oklahoma Precious Metals Dealer License page is :

http://www.ok.gov/okdocc/Precious_Metal_&_Gem_Dealers/index.html