Compliance desk

Local, state and federal rules may apply to buying and selling precious metals. Those rules depend on the place, the volume and what the business actually does.

MazalGold does not determine whether you are a dealer, a pawnbroker or a secondhand dealer, and it does not file anything for you. Records stored here are your notes. They are not proof of a license, a policy or a filing.

Orientation only, not legal or tax advice. The trade desk, bid sheet, documents and ledger work the same whether or not you fill in anything on this page.

Orientation links

Official sources, linked rather than restated. Each link shows the date MazalGold last checked that it loads; rules and pages can change after that date.

FinCEN · U.S. Treasury

31 CFR Part 1027 — Rules for Dealers in Precious Metals, Precious Stones, or Jewels

FinCEN’s anti-money-laundering rule for dealers in covered goods. Whether a business is a “dealer” is decided by the definitions in § 1027.100, including the purchase-and-sale thresholds; read them in the source.

Part 1027, full texthttps://www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1027Checked October 2, 2026
§ 1027.100(a) — Covered goodshttps://www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1027/subpart-A/section-1027.100#p-1027.100(a)Checked October 2, 2026
§ 1027.100(d) — Precious metalhttps://www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1027/subpart-A/section-1027.100#p-1027.100(d)Checked October 2, 2026
§ 1027.100(b) — Dealer, including the purchase-and-sale thresholdshttps://www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1027/subpart-A/section-1027.100#p-1027.100(b)Checked October 2, 2026

IRS

Instructions for Form 1099-B (2026)

Broker reporting of sales. The “Sales of precious metals” section says which precious-metal sales are reportable and contains the rule that one customer’s sales within a 24-hour period are aggregated.

Instructions for Form 1099-B (2026)https://www.irs.gov/instructions/i1099bChecked October 2, 2026
Sales of precious metals — including the 24-hour aggregation rulehttps://www.irs.gov/instructions/i1099b#en_US_2026_publink100044200Checked October 2, 2026

IRS

Form 8300 — Report of Cash Payments Over $10,000 Received in a Trade or Business

Form 8300 is about cash a business receives — the sell side. It is not about the cash a shop pays to a walk-in seller.

About Form 8300https://www.irs.gov/forms-pubs/about-form-8300Checked October 2, 2026

Federal Trade Commission

16 CFR Part 23 — Guides for the Jewelry, Precious Metals, and Pewter Industries

Quality-mark reference only: how gold, silver and platinum-group content may be described and marked. Not a licensing or reporting rule.

Part 23, full texthttps://www.ecfr.gov/current/title-16/chapter-I/subchapter-B/part-23Checked October 2, 2026

U.S. Code

National Gold and Silver Stamping Act — 15 U.S.C. Chapter 8 (§§ 291–300)

Quality-mark reference only: what gold and silver quality stamps on articles must mean. Not a licensing or reporting rule.

15 U.S.C. Chapter 8 — 2023 edition (govinfo)https://www.govinfo.gov/content/pkg/USCODE-2023-title15/html/USCODE-2023-title15-chap8.htmChecked October 2, 2026
15 U.S.C. Chapter 8 — current edition (Office of the Law Revision Counsel)https://uscode.house.gov/view.xhtml?path=/prelim@title15/chapter8&edition=prelimCould not be checked on October 2, 2026: The site showed a maintenance page instead of the text.

Your city or county

Local secondhand-dealer, pawn, hold-period and seller-ID rules

These rules are often set by a city or county, and they differ from place to place. MazalGold has no local rule data and does not pick a jurisdiction for you. Chicago’s ordinance is not a stand-in for every suburb. Record your own ordinance or agency link under Your local rules.

Source: the ordinance or agency link you supply.Not checked by MazalGold.

AML/KYC compliance questions

MazalGold is not a compliance service and does not answer AML/KYC questions.

Referral

AML Gurus

For AML/KYC compliance questions, MazalGold refers shops to AML Gurus, based on our experience. They are a separate firm. MazalGold gives no compliance advice and sends them nothing; contacting them is your choice.

AML Gurus – Compliance Made Easyhttps://amlgurus.com/Checked October 2, 2026

Your local rules

Blank until you fill it in. Note the city, county or agency rules you follow (secondhand-dealer or pawn licensing, hold periods, seller ID) and the ordinance or agency link you rely on. MazalGold does not check these links or rules.

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Compliance locker

Track your own paperwork: licenses, permits, registrations and insurance policies. Account-only and private to you. MazalGold stores no files and does not verify any entry with a state, agency or insurer; an entry or file reference is not proof of anything. Reminders appear only here and beside Compliance desk in the menu. Nothing is emailed or texted.

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