Precious Metals and Gems Dealer

Precious Metals & Gem Dealer Application

Precious Metals & Gem Dealer Licensee Roster

STATUTES & RULES:
Oklahoma Statutes Title 59, Chapter 37A, § 1521-1532  (Click "next section" on each page to advance)
Oklahoma Administrative Code: Title 160, Chapters 1,3,5,60

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 $225.00 one-time investigation fee and a $200.00 license fee for a total of $425.00

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 bond at the time of application, and a full set of fingerprints and photograph of each owner or officer of the company.

Oklahoma Department of Consumer Credit
4545 North Lincoln Boulevard, Suite 164
Oklahoma City, Oklahoma 73105-3403
Phone: (405) 521-3653 | Fax: (405) 521-6740
In-state Consumer Hotline: (800) 448-4904