§ 18-371. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Precious metal means any item containing any gold, silver, or platinum, or any combination thereof.

Precious metal dealer means any person who normally or regularly engages in the business of buying used precious metal for resale and/or who possesses smelting equipment to melt down precious metals for resale, excluding the following:

(1)

Any person, the principal business of whom is the retail sale of new goods and who accepts for trade-in previously owned precious metal in a transaction involving the sale of new goods, provided the traded-in precious metal was originally purchased from that person.

(2)

Any person, the primary business of whom is dealing in coins, tokens, paper money, medals, and decorations.

(Code 1960, § 22A-1; Ord. No. 89-79, § 2(1), 8-22-1989)

Cross reference

Definitions generally, § 1-2.