Secondhand Dealers: Grand Rapids vs Wyoming
How do secondhand dealers rules compare between Grand Rapids, MI and Wyoming, MI?
Grand Rapids, MI
Kent County
No data available yet for Grand Rapids.
Wyoming, MI
Kent County
Wyoming, MI secondhand dealers and pawnbrokers operate primarily under Michigan state law - the Precious Metal and Gem Dealer Act (MCL 446.201 et seq., Public Act 95 of 1981) and the Pawnbrokers Act (Public Act 273 of 1917) - and must hold a Wyoming city business license. Michigan requires precious-metal dealers to register with local law enforcement, maintain detailed transaction records, and hold purchased items for a statutory minimum period before resale or melt.
View full Wyoming rules →Key Facts Comparison
| Fact | Grand Rapids | Wyoming |
|---|---|---|
| Precious Metals Statute | - | MCL 446.201 et seq. (PA 95 of 1981) |
| Pawnbroker Statute | - | PA 273 of 1917 |
| Police Registration | - | Wyoming Department of Public Safety |
| Hold Period | - | Statutory minimum (precious metals) |
| City License | - | Wyoming business license required |
Highlighted rows indicate differences between cities.
Grand Rapids FAQ
No FAQs available.
Wyoming FAQ
Do I need a license to open a pawn shop in Wyoming, MI?
Yes. Pawnbrokers in Michigan are regulated under the Pawnbrokers Act (Public Act 273 of 1917), which requires a surety bond, interest-rate compliance, and detailed recordkeeping with reports filed to local law enforcement. You also need a Wyoming city business license from the City Clerk. Wyoming has not adopted a separate municipal pawnshop ordinance on top of the state framework, but zoning approval is still required.
What records does a Wyoming, MI gold buyer have to keep?
Under Michigan's Precious Metal and Gem Dealer Act (MCL 446.201 et seq., Public Act 95 of 1981), dealers must register with the Wyoming Department of Public Safety, hold each purchased item at the registered location for the statutory minimum hold period before resale or melt, and keep transaction records (seller ID, item description, photographs, purchase price). Transaction reports are filed with Wyoming Public Safety as the agency of jurisdiction. Confirm the current hold-period and reporting frequency directly with Wyoming Public Safety.
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