Oldham County, KY Business Licensing & Operations: Secondhand Dealers (2026)
Key Facts
- Annual license fee
- $50 minimum, non-transferable
- Required bond
- $5,000 with approved surety
- Hold period before resale
- 10 days minimum
- Age restriction on sellers
- No purchases from under-18
- Record retention
- 1 year, available for inspection
Summary
Merchants buying or selling precious metals, jewels and gems in unincorporated Oldham County must hold a $50 annual license and post a $5,000 bond. Dealers must record ID and photos of sellers and hold merchandise ten days before resale.
Every merchant engaged in the business of buying and selling precious metals, jewels and gems within the limits of the county shall, prior to the beginning of operation, pay a minimum annual license fee of $50, receiving therefor a certificate or badge bearing an adequate identification of that person. ... No license shall be issued until the applicant has delivered a bond in the amount of $5,000 with surety or sureties approved by the Zoning Administrator, conditioned upon the faithful performance of the acts hereinafter set forth.
Full Breakdown
Chapter 112 of the Oldham County Code regulates merchants engaged in buying and selling precious metals, jewels and gems in the unincorporated county. Under § 112.03, every such merchant must, before starting operation, pay a minimum annual license fee of $50 to the County Zoning Administrator, the designated licensing agent under § 112.02, and receive a certificate or badge identifying the licensee; the license is non-transferable. No license issues until the applicant delivers a $5,000 bond with approved surety, which stays in force until one year after the merchant stops doing business in the county.
Section 112.04 requires the license certificate be prominently and publicly displayed where the business operates. Section 112.05 bars licensees from buying precious metals, jewels or gems from anyone under 18, and requires every purchase be held at least ten days before resale or modification. Dealers must record, in a form the Zoning Administrator prescribes, the seller's name, address, Social Security number, driver's license number and place of employment verified by two forms of ID, a photograph of the seller, and a full description of the merchandise in legible English, including any engraved numbers or markings; these records must be kept available for inspection for one year.
Section 112.06 lets the County Police, State Police, La Grange Police, Pewee Valley Police, and the County Sheriff's Department inspect records and merchandise on reasonable demand during business hours.
Violations & Fines
Under § 112.99, any person, firm or corporation violating Chapter 112 is subject to a fine of not less than $50 nor more than $100, or imprisonment up to 90 days, or both. Each purchase, sale or other violation counts as a separate offense, so repeated noncompliant transactions can multiply the fine quickly.
Frequently Asked Questions
How long must an Oldham County precious metals dealer hold merchandise before reselling it?
What must a secondhand precious metals dealer record about each seller in Oldham County?
What is the penalty for an unlicensed precious metals dealer in Oldham County?
Sources & Official References
Other rules in Oldham County
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