Effective October 1, 2009, a person who purchases precious metals from the public, other than by an exempted transaction (as defined in the stautes) must have a permit issued to them by a local law enforcement agency.  Section 2 of Session Law 2009 - 482 provides detailed information as to the required permits and application process.

Session Law 2009-482
House Bill 1637
October 2009

The following information will be needed to complete the Precious Metals Permit Application Process:

1. $180.00 cash or certified check or money order for Dealers, Partnerships, Association or Corporation
2. $10.00 cash or certified check or money order for an employee permit
3. $3.00 cash or certified check or money order for an employee renewal permit
4. Valid Drivers License or Identification Card with current address
5. Valid Social Security Card
6. Copy of Business License (Dealers, Partnerships, Associations, Corporations)
7. Recent Photograph

Permits for Dealers, Partnerships, Associations, and Corporations are valid for (1) year and must be renewed each year. Renewal fee is $180.00

Permits for employees of Dealers are valid for (1) year and must be renewed each year. Renewal fee is $3.00

APPLICATION PROCESS:

You may download the applications directly from our website or pick the applications up at the Guilford County Sheriff’s Office, 401 West Sycamore Street. Applications are required for Dealers, Partnerships, Associations, Corporations and each employee of a licensed dealer.

If the dealers permit is a partnership or association, all persons owning a (10%) or more interest in the partnership or association shall comply with the provisions of the law.

If the dealers permit is a corporation, each officer, director and stockholder owning (10%) or more of the corporations stock, of any class shall comply with the provisions of the law.

REQUIRED APPLICATIONS:

Application for Precious Metals Dealer Permit N.C.G.S. 66-165 (application requires notary)

Supplementary Information Sheet for Co-Owner of Precious Metals Business N.C.G.S. 66-165 (required to be completed by each officer and director of a corporation and any person owning (10%) or more of the stock and any person owning (10%) or more of a partnership or association) (application requires notary)
Precious Metals Business Employee Registration Form N.C.G.S. 66-265(b) (to be completed by each employee of a licensed dealer)

Precious Metals Dealer Bond (Before any permit shall be issued to a dealer pursuant to G.S. 66 165, the dealer shall execute a satisfactory cash or surety bond or establish a trust account with a licensed and insured bank or savings institution located in the State of North Carolina in the sum of ten thousand dollars ($10,000)

Appointments for Precious Metals Permits will be accepted on Monday or Thursday. Please allow up to 1 hour to complete paperwork, including fingerprinting, and review of your application process. To set up an appointment call (336) 641-3449, (336) 641-6356 or (336) 641-3005.

Once your application is received the investigative process may take at least 30 days or longer. If your application is approved you will be notified by phone when your permit is ready for pickup. NC State Law requires a (30) day waiting period after the application is filed.

To inquire about the Precious Metals Law and/or the application process, call (336) 641-3017, Monday thru Friday, 8:00am to 5:00pm.

Precious Metal Business Application

1. Application for Precious Metals Dealer Permit
2. Supplemental Information Sheet for Co-Owner, Officer or Director of Precious Metals Business
3. Precious Metals Business Employee Registration Form
4. Precious Metals Dealer Permit
5. Certificate of Compliance for Precious Metals Business Employee
6. Precious Metals Dealer Bond