(a) "Dealers in Precious Metals" as used in this chapter means any individual, partnership, association, corporation, business entity or any other person or entity who or which purchases, exchanges or trades precious metals from the general public for resale, exchange, trade or refining or any individual who acts as an agent for such individual, partnership, association, corporation, other business entity, person or other entity. Excluded from this definition and chapter are financial institutions licensed under federal and state banking laws, the manufacturers of jewelry or other items composed, in whole or in part, of gold, silver, or platinum and the purchaser of precious metals for his, her or its use or ownership and not for resale or refining.
(b) “Precious Metals:” Items containing or being of gold, silver, or platinum, including but not limited to jewelry and silver services, coins, and bullion but excluding photographic film or any article containing less than five percent (5%) of gold, silver, or platinum by weight.
(Ord. 17, 2010. Passed 4-5-10.)