As used in this chapter, the following terms
shall have the meanings indicated:
DEALER
Any person, firm or entity who purchases, sells or trades
in secondhand jewelry or precious metals or melts, refines or processes
precious metals or makes or provides appraisals of precious metals
or secondhand jewelry, with or without compensation, fee or remuneration.
PRECIOUS METALS
Gold, silver, platinum and their alloys, as defined in N.J.S.A.
51:5-1 et seq. and 51:6-1 et seq., including coins or bullion.
SECONDHAND JEWELRY
Used articles consisting all or partially of gold, silver,
platinum or jewels.
The license of a precious metals dealer shall
be renewed annually on October 1 of each year upon filing of a renewal
application, plus payment of an annual renewal licensing fee of $15.
No person, firm or entity shall engage as a precious metals dealer or engage in any precious metals or secondhand jewelry transaction within the Town of West New York until and unless licensed pursuant to §§
296-2 and
296-3 of this chapter.
No person, firm or entity shall buy, sell, exchange,
appraise or otherwise engage in or enter into any precious metals
transaction or secondhand jewelry transaction within the Town of West
New York with any person under the age of 18, and each person entering
into any such transaction shall have the responsibility to verify
the age of the other person with whom he is dealing and shall note
on his permanent records the documentary verification of age.
It shall be the duty of every licensed precious
metals dealer to have on his main business premises a certified accurate
metals weighing scale in working order and in visible sight of all
customers, and said scale shall be used by the licensees for all precious
metals transactions. The certified weighing scale shall contain all
essential measurements, including but not limited to pennyweights
(Troy), hundred weights, pounds (Troy), ounces (Troy), grams or kilograms.
Any person, firm or entity who shall violate
this chapter shall be subject to a mandatory fine of $250 for a first
offense and, in addition thereto, in the discretion of the court,
up to 30 days' incarceration, and for a second or any subsequent offense,
a mandatory fine of $500 for each offense and, in addition thereto,
up to 90 days' incarceration and permanent revocation of license.