Precious metal dealer

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


Buying and selling used items containing precious metals.

Items include:

  • Candlestick Holders
  • Coins
  • Decorative objects
  • Eating utensils
  • Ingot – metal cast into a shape ready for further processing
  • Jewelry
  • 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

Before you begin

See How to open a new business


You must provide a surety bond with your application. 

See Minneapolis $5,000 bond


Precious metal dealers in Minneapolis are required to be licensed. Get a license application from Minneapolis Business Licenses. 

See Precious Metal Dealer Application

A Personal Information Form must be completed by the applicant, manager(s) and each owner.

See Personal Information Form


Find your license fee

Submit your application

Submit your application to Business Licenses & Consumer Services

If you have questions, contact:

Request accessible format

If you need help with this information, please email 311, or call 311 or 612-673-3000.

Please tell us what format you need. It will help us if you say what assistive technology you use.

More information


Report concerns about a business


The information on this page should serve only as guidelines. 

Contact us

Business Licenses & Consumer Services

Community Planning & Economic Development






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


Minneapolis 311


Office hours

7 a.m. – 7 p.m.
Monday – Friday