North Carolina Precious Metals Dealer License Surety Bond

Any person who engages in the purchase of precious metals from the public in the form of jewelry, flatware, silver services, or other forms and holds themselves out to the public by signage, advertising, or other methods as engaging in such purchases, including any independent contractors purchasing precious metals under any arrangement in any department store, must be licensed as a North Carolina Precious Metals Dealer.  As part of the licensing requirements, the licensee must post and maintain a $10,000 NC Precious Metals Dealer License Surety Bond.  

Precious Metal is defined by the State of North Carolina as Gold, Silver, Platinum, or Palladium as defined below, but excluding coins, medals, medallions, tokens, numismatic items, art ingots, or art bars

• Gold – Any item or article containing 10 karats of gold or more which may be in combination or alloy with any other metal.
• Silver – Any item or article containing 925 parts per thousand of silver which may be in combination or alloy with any nonprecious metal or which is marked "sterling".NC General Statutes - Chapter 66 Article 25 2
• Platinum – Any item or article containing 900 parts per thousand or more of platinum which may be in combination or alloy with any other metal.
• Palladium – Any item or article containing 950 parts per thousand or more of palladium which may be in combination or alloy with any other metal.

Get your NC Precious Metals Dealer License Bond today!