As used in this chapter, the following terms shall have the
meanings indicated:
DEALER IN PRECIOUS METALS
Any individual, partnership, association, corporation or
business entity who or which purchases precious metals from the general
public for resale or refining or any individual who acts as an agent
for such individual, partnership, association, corporation or other
business organization or entity. Excluded from this definition are
financial institutions licensed under federal or state banking laws,
the manufacturers of jewelry or of other items composed, in whole
or in part, of gold, silver or platinum and the purchaser of precious
metals for his, her or its use or ownership and not for resale or
refining.
PAWNBROKER
Any individual, partnership, association, corporation or
other business organization or entity which lends money on the deposit
or pledge of physically delivered personal property or who deals in
the purchase of such property on the condition of selling the property
back again at a stipulated price. The business of pawnbroker does
not include the lending of money on deposit or pledge of title to
property.
PERSON
As used in this chapter, shall mean and include any natural
person, partnership, association, firm or corporation. In this chapter,
the singular shall include the plural, and the plural shall include
the singular, and the masculine shall include the feminine and the
neuter.
PRECIOUS METALS
Items containing or being of gold, silver or platinum, including
but not limited to jewelry and silver services, but excluding coins,
ingots, bullion or photographic film or any article containing less
than 5% of gold, silver or platinum by weight.
SECONDHAND DEALER or ANTIQUE DEALER
An individual, partnership, association, corporation or other
business organization or entity which is regularly engaged in the
business of purchasing or taking upon consignment precious metals,
secondhand or used goods for resale or refining, or an individual
who acts as an agent for such an individual, partnership, association,
corporation or other business organization or entity.
Penalties shall be as set forth in Chapter
1, Article
II, Enforcement; General Penalty, of this Code.
The Police Department is authorized to immediately revoke the
license of any pawnbroker, dealer in precious metals, secondhand dealer,
or antique dealer who is convicted of robbery, burglary, theft, receiving
stolen property or any other crime set forth under Chapters 39 and/or
41 of the Pennsylvania Crimes Code.
The provisions of this chapter shall take effect 30 days from
the date of enactment.