For the purpose of this subchapter, the following definitions shall apply unless the context indicates or requires a different meaning.
DEALER. Any person who holds the person's self out to the public as a purchaser of precious metals, or who in the course of operation of a licensed business, engages in the purchase of silver, gold or other precious metals.
PRECIOUS METAL. Any article made, in whole or in part, of gold, silver or platinum, which article has been used or sold by a retailer. The term PRECIOUS METAL shall not include any coin or any gold or silver ingot or bar.
WHOLESALE PRECIOUS METALS. 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 metals.
(Ord. 17-015, passed 6-13-2017)