§ 18-154. Definitions.

Latest version.

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:

Dealer means any person who holds himself out to the public as a purchaser of precious metals, or in doing business engages in the purchasing of silver, gold, or precious metals.

Precious metals means any article made, in whole or in part, of gold, silver, or platinum, but not including any coin or any gold or silver ingot or any gold or silver bar.

Wholesale precious metals means articles made in whole or in part of silver, gold, or platinum that have not been previously used, traded, or sold by a retailer and that are being purchased by a dealer from a manufacturer or from a wholesaler or distributor of newly manufactured precious metals.

(Code 1985, § 118.01; Ord. No. 2505, 3-1-1982)

                    
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