The Township Council hereby finds that there is a need to regulate and
control the buying and selling of gold, silver and precious or semiprecious
gems in order to prevent the easy disposal of items which have been unlawfully
obtained as a result of crime, while protecting and recognizing the legitimate
businesses which are engaged in buying and selling of gold, silver and precious
or semiprecious gems.
The following definitions shall apply to terms used within this chapter,
unless the context requires otherwise:
BUYER
Any person who, through any means, buys gold, silver, precious or
semiprecious metals or gems.
DEALER
Any person who, through any means, buys or sells gold, silver, precious
or semiprecious metals or gems, and includes anyone advertising the purchase
or sale of any of the aforementioned items.
GOLD
Any article or product with a gold content, without regard to the
fineness thereof.
MINOR
Any person under the age of 18 years.
PRECIOUS OR SEMIPRECIOUS GEM
Includes, but is not limited to, those categories known as diamonds,
rubies, pearls, sapphires, and is commonly called a jewel.
PURCHASE
Includes, but is not limited to, any exchange of gold, silver, or
any precious or semiprecious gem for anything of value. A payment need not
be made by way of money in order to constitute a "purchase" for the purposes
of this chapter.
REGULATED ACTIVITY
The purchase of any used item containing gold or silver, or any precious
or semiprecious gem, for subsequent resale purposes and not for personal use.
SELLER
Any person who, through any means, sells gold, silver, precious or
semiprecious metals or gems.
SILVER
Any article or product with a silver content, without regard to the
fineness thereof.
No person shall engage in a regulated activity, as defined above, without
having first obtained a license therefor from the Township Clerk, which license
shall bear a number issued by the Township Clerk, and shall be prominently
displayed within the licensed premises. The requirement of a license shall
apply to the business entity and to any individual employee who engages in
a regulated activity on behalf of a business entity.
At the time of filing the application for a license, a license fee, as set forth in §
150-3A, shall be paid for the initial license for the premises where the activity is to be conducted, together with a fee, as set forth in §
150-3A, for each employee who is to be licensed. Thereafter, the annual renewal fee for the license and for each employee who is to be licensed shall be as set forth in §
150-3A.
No person licensed as a dealer in the Township shall, by virtue of one
license, keep more than one place of business for receiving or taking goods.
No dealer shall, at any time, do business at any place other than the
place for which the license was granted.
A licensee shall not accept or buy any gold, silver, precious or semiprecious
gems from any person under the age of 18 years unless such minor is accompanied
by a parent or guardian and such parent or guardian gives specific written
consent to the transaction and acknowledges the receipt required by the buyer
to be given to the seller.
No dealer shall sell any articles until the same have been in the possession
of the dealer at the licensed location for at least seven days. This provision
shall apply only to used items containing gold, silver, or precious or semiprecious
gems and shall not apply to any items purchased from a recognized jewelry
supplier with whom the buyer deals on a regular basis.