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Texas Department of Public Safety

Office of Consumer Credit Commissioner

USER: Anonymous (0,0) SERVER: DPSWEB7 DATE:2/21/2018 1:38:44 AM LANG:ENGLISH (UNITED STATES)

Precious Metal Dealer

A person operating as a crafted precious metal dealer in the State of Texas must register with the Office of Consumer Credit Commissioner. As defined in Chapter 1956 of the Texas Occupations Code, a crafted precious metal dealer is a person registered to engage in the business of purchasing and selling precious metal items, EXCEPT FOR:

  • coins;
  • bars;
  • commemorative medallions; or
  • items that the dealer purchases for 105% or more of scrap value.

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