Wilmington, DE Business Licensing & Operations: Secondhand Dealers (2026)
Key Facts
- License fee
- $250.00 per year
- Record retention
- 15 days before disposal
- Report deadline
- Next business day noon
- Max fine
- $1,000 (individual)
Summary
Wilmington requires a city license before anyone buys, trades, or handles secondhand gold, silver, or platinum items, with a $250 annual fee.
License required. It shall be unlawful to engage in the business of secondhand dealer of precious metals without first obtaining a license therefor, and paying the license fee provided in section 5-101. A separate license shall be required for each location, place or premises used for the conduct of such business.
(c) Canvassing and solicitation prohibited. No secondhand dealer of precious metals shall solicit business upon any street or public highway of the city, nor shall any person conduct a house-to-house canvass for the purchase or sale of secondhand precious metals.
(d) Record of purchases, sales and exchanges. Every secondhand dealer of precious metals shall keep a looseleaf record, its pages numbered in sequence, which shall contain the following information and be available to any law enforcement agent upon request. Each transaction shall be recorded at the time it is made, in English, with a separate entry for each item in each transaction, except that items in a matching set shall be recorded as a set if acquired in a single transaction. The reports shall include:
(1) The place, date and time of each transaction.
(2) The name, driver's license number or serial number from any other verifiable identification card, including passports, military identification card, age of majority card; physical description including sex, race, height, weight and distinguishing features; and the
Official source re-checked September 7, 2026: no newer edition of the code had been published (publisher’s edition: Code of Ordinances: Supplement 72).
Full Breakdown
City Code § 5-80 makes it unlawful to operate as a secondhand dealer of precious metals without first getting a license and paying the fee set in § 5-101 ($250/year). A separate license is required per location. Dealers must log every transaction with the seller's ID and item description, report copies to police daily, hold purchased items 15 days before disposal, and cannot buy from minors or canvass door-to-door.
Violations & Fines
Violating § 5-80 carries a fine up to $1,000 or up to six months imprisonment, or both; a corporation faces a fine up to $5,000 per violation.
Frequently Asked Questions
Can a Wilmington pawnbroker also be a secondhand precious metals dealer?
Can a Wilmington dealer buy gold from a minor?
Sources & Official References
Other rules in Wilmington
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