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)