NAICS Code 423940-36 - Bullion Dealers (Wholesale)

Marketing Level - NAICS 8-Digit

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Contact Emails: 22
Company Websites: 11
Phone Numbers: 12
Business Addresses: 14
Companies with Email: 6
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NAICS CODE 423940-36
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NAICS Code 423940-36 Description (8-Digit)

Bullion dealers (wholesale) are companies that specialize in the wholesale distribution of precious metals in the form of bars, ingots, coins, and other forms of bullion. These companies purchase large quantities of precious metals from mines, refineries, and other sources, and then sell them to other businesses, such as jewelry manufacturers, coin dealers, and investment firms. Bullion dealers (wholesale) may also offer refining services to their clients, whereby they process scrap metal and other materials to extract precious metals.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423940 page

Tools

Tools commonly used in the Bullion Dealers (Wholesale) industry for day-to-day tasks and operations.

  • X-ray fluorescence (XRF) analyzer
  • Melting furnace
  • Assay scale
  • Refining chemicals
  • Ultrasonic cleaner
  • Crucibles
  • Graphite molds
  • Tongs
  • Safety equipment (gloves, goggles, aprons)
  • Digital calipers

Industry Examples of Bullion Dealers (Wholesale)

Common products and services typical of NAICS Code 423940-36, illustrating the main business activities and contributions to the market.

  • Gold bars
  • Silver coins
  • Platinum ingots
  • Palladium bullion
  • Precious metal scrap
  • Gold dust
  • Silver shot
  • Platinum wire
  • Rhodium bars
  • Copper bullion

History

A concise historical narrative of NAICS Code 423940-36 covering global milestones and recent developments within the United States.

  • The history of the Bullion Dealers (Wholesale) industry dates back to ancient times when gold and silver were used as currency. The first gold coins were minted in Lydia, a kingdom in Asia Minor, around 600 BC. The industry has since grown and evolved, with notable advancements such as the introduction of paper currency and the establishment of the London Bullion Market Association in 1987. In the United States, the industry has seen significant growth since the 1970s due to the legalization of gold ownership and the rise of gold prices. In recent years, the industry has faced challenges such as increased regulation and competition from digital currencies. Despite this, the industry remains a vital part of the global economy, with bullion dealers playing a crucial role in the trading of precious metals.