Purchasing of Precious Metals
Effective October 1, 2009 North Carolina legislators amended North Carolina general statutes 66-164 and 66-165 relating to the purchase of precious metals.
- As of October 1, 2009 any person engaging in the business of purchasing precious metals must obtain a precious metal permit.
- Precious metal dealers licensed prior to October 1, 2009 must comply with the ratified bill beginning January 1, 2010.
Compliance with the Law
Compliance with the Precious Metals Law is the responsibility of the business owner. Each business is advised to consult with their attorney to ensure that they are meeting the requirements of the statute. Information provided here is only intended as a guide.
Precious Metal dealers should review and follow the attached legislative laws, applications and registrations forms for compliance with precious metal regulations.