(A) Each precious metal dealer shall keep a record, on such standard form as the Police Chief shall furnish, of each transaction involving the secondhand purchase by such dealer of an item containing a precious metal. The form shall be prepared in ink, in duplicate, the original to be retained by the dealer, the duplicate to be filed by the dealer with the Police Department by the close of business on the first working day after the completion of the transaction.
(B) The following must be noted concerning the transaction:
(1) Date.
(2) Time.
(3) Amount paid.
(4) Disposition of the item, including name and address of purchaser.
(C) The following record must be kept relating to the description of the item sold:
(1) Manufacturer’s name.
(2) Serial number, if any.
(3) Any distinguishing marks.
(4) Weight of the item.
(5) Pattern.
(6) Number of items.
(7) Setting of any precious or semi-precious stones.
(D) The following records must be kept relating to the seller:
(1) Name.
(2) Address.
(3) Date of birth.
(4) Age.
(5) Hair color.
(6) Sex.
(7) Height.
(8) Weight.
(9) Social security account number.
(E) The required method of identification shall include two identification cards, one with a picture and one corroborating, and shall also include numbers from such cards.
(F) The original record of each secondhand transaction in any item containing any precious metal shall be subject to inspection and examination by any member of the Police Department and any member of the Police Department shall be permitted to examine and inspect any and all items purchased by a precious metal dealer which fall within the scope of this subchapter.
(G) There is specifically excepted from the terms of this subchapter any transaction by a person engaged in business within the city possessing a current business license from the city who is either accepting returns for cash, credit, or replacement of any item originally purchased from said person; or exchanging an item for another item of greater value. In addition, the terms of this subchapter shall not include any purchase by a retailer from a bona fide manufacturer, nor any banking institution licensed to do business in the Commonwealth of Kentucky.
(Ord. 81-3-7, passed 4-8-81) Penalty, see § 117.99