PRECIOUS METALS DEALERS
For the purpose of this chapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
PRECIOUS METALS DEALER. Any business, excluding banking institutions licensed to do business in the Commonwealth of Kentucky, making any second-hand purchases of gold, silver or platinum, whether in the form of bulk metal, coins, watches, jewelry or any other form. The term SECOND-HAND PURCHASE shall not include any purchase made by a retailer or wholesaler from a bona fide manufacturer.
(Ord. passed 4-21-1981)
Any business meeting the definition of precious metals dealers shall keep a record of all purchases of gold, silver or platinum. The County Sheriff’s Department shall furnish standard forms for these purposes, which shall at a minimum require the following information: date, time, amount paid by the dealer for the item, manufacturer name and pattern, if ascertainable, serial number, if any, any distinguishing marks or engraving, weight of the item, pattern, number of items, and settings if any.
Additionally, the following information shall be required for the sellers: name, address, date of birth, age, hair color, race, sex, height, weight, build, general appearance, distinguishing marks, legible right thumb print, driver’s license number or numbers from 2 IDs, which may include credit cards, and a photograph.
(Ord. passed 4-21-1981)
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