Permits to be issued to regulate sale of precious metals | | Brainerd, Minnesota

Permits to be issued to regulate sale of precious metals


Posted: May 17, 2011 - 5:11pm

WALKER — Cass County will begin issuing permits under state law for the first time with a $50 fee to people who want to buy precious metals to be melted down for the metal value.

Auditor-Treasurer Sharon Anderson said this is the first time she has seen an interest by people wanting to buy gold and silver metals in the county. The board set the license fee Tuesday.

Because the county does not have a separate county ordinance to enforce in addition to the state law, the county will follow only the state law requirements. Those include collecting name, address and phone number of the person buying precious metals.

The state law requires precious metal dealers to weigh the items people are selling in front of them and to post minimum prices per ounce for melt down value. Scales they use are supposed to be approved by the Division of Weights and Measures of the Department of Commerce, according to state statute.

The state law does not apply to jewelry stores, second hand stores or yard sales where the item sold is expected to be sold for use in its present form or as repaired.

This article was originally published in our printed newspaper on May 5th. It was overlooked and not included in our May 5th online news publish feed. The Dispatch regrets the error.