SOS Precious Metal Dealers

Dealer Registration

Effective January 01, 2014: referencing (IC 24-4-19) you do NOT need to register as a Precious Metal Dealer.

To complete a new registration, please answer the following questions:
*All questions are required.

*1. Does your business purchase used jewelry or articles containing gold, silver or platinum from the public for the purpose of reselling in either the same form or in a different form? (more info)

Precious metal includes used jewelry and used objects made of gold, silver or platinum owned by a consumer.

A "Precious Metal Dealer" is a person or business engaging in purchasing precious metal from a consumer to resell in the same form or in a different form.

Yes No

*2. Does your business primarily sell jewelry to the public and keep records of all used jewelry purchases pursuant to IC 24-4-13? (more info)

A “Jeweler” is a person or business that primarily engages in retail sales of new or used jewelry to the public and maintains detailed records of all used jewelry or other objects containing gold, silver or platinum pursuant to IC 24-4-13.

Yes No

*3. Does your business primarily purchase valuable metal, operate as a junk, scrap, salvage, auto wreckage or recycling business, keep records of all valuable metal purchases and hold all purchases for at least five days before reselling or processing pursuant to IC 25-37.5-1?

Yes No

*4. Are you a licensed pawnbroker under IC 28-7-5? (more info)

“Pawnbroker" is defined as any person, partnership, association, limited liability company, or corporation lending money on the deposit or pledge of personal property, or who deals in the purchase of personal property on the condition of selling the property back again at a stipulated price, other than choses in action, securities, or printed evidence of indebtedness.

Yes No

*5. Does your business primarily consist of buying, selling and trading investment coins which have a value greater than their face value or collectible (numismatic) value due to age, rarity or condition? (more info)

“Mint Issued Coin” is defined as a coin that:

is bought or sold as investment in a rare or precious metal;
has a collectable value greater than the face value of the coin; or
is collectable or desirable due to the age, rarity, or condition of the coin.

Yes No

Effective January 01, 2014: referencing (IC 24-4-19) you do NOT need to register as a Precious Metal Dealer.

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