Precious metal dealers acquiring precious metals not in the form of bulk or bullion shall be required to hold the precious metals at their business location for a period of not less than ten (10) days from the date of the acquisition. No dealer shall sell, melt, change the form of or dispose of any article received by him, of which he is required to make record and report under this chapter, within such time period. All such articles shall be retained in his possession at the location specified in the license required herein during the ten (10) day period. (Ord. 118, 8-28-1981)