As used in this chapter, the following terms shall have the
following meanings:
DEALER
Any person who individually or as principal, broker, agent,
employee or assign of any person buys or sells from any person precious
metals, gems or coins or who buys or sells from any person articles
composed wholly or in part of precious metals or gems for the purpose
of melting or refining said precious metals or gems.
GEMS
Includes emerald, diamond, ruby, sapphire, black opal, ruby
spinel, citrine, demantoid, bloodstone, jasper, pearl, aquamarine,
beryl, topaz, garnet, chrystolite, fire opal, moonstone, rose quartz,
tourmaline, carelian, peridot, sardonyx, zircon, morganite, chrysoprase,
kunzite, cat's eye, amethyst, chalcedony, onyx, agate, alexandrite,
star sapphire, lapis lazuli, harlequine opal, turquoise, jade or any
utensil, jewelry, object of art or other item of personal property
containing one or more of said gems.
PERSON(S)
Includes a human being, public or private corporation, association,
unincorporated association or partnership.
PRECIOUS METALS
Gold, silver, platinum or any coins, utensils, jewelry, objects
of art or any other personal property containing one or more of these
elements.
PRECIOUS METALS EXCHANGE
Any person who buys, sells or exchanges precious metals,
gems or coins for currency, bank drafts or other negotiable instruments.
No license shall be required of:
A. Any bank, financial institution, trust company, savings or loan federation
or thrift institution doing business pursuant to state or federal
banking laws.
B. Precious metal, gems or coin dealers or precious metals exchange
who transact business only with other precious metals, gems or coin
dealers or wholesale exchange.
C. Persons who own or operate jewelry stores wholly for the purpose
of engaging in the business of purchasing and selling jewelry for
apparel purposes or artistic or aesthetic content.
D. Persons who own or operate coin dealerships for the purpose of purchase,
sale and disposal of coins for their numismatic value, who transact
business only with other coin dealers or wholesale exchanges.
[Amended 3-14-1983 by Ord. No. 1-1983]