(A) Except for the exempt transactions provided, no articles of personal property made of precious metals or fabricated metals shall be sold, melted, altered, or otherwise disposed of by any dealer until 15 days have elapsed from the time the Chief of Police has had made available to him a copy or transcript of the register in which the articles of personal property made of precious metals or fabricated metals are entered. These articles shall not be transferred from within the city during this 15-day period of time.
(B) The following transactions shall be exempt from the provisions of division (A) above.
(1) Coins repurchased by a dealer, provided the dealer repurchases from the same person and maintains a record of the prior sale and the repurchase.
(2) Transactions between dealers, provided the article has been registered in accordance with this chapter and in the possession of any local dealer for the period set forth in division (A) above.
(3) Transactions by scrap-metal processors purchasing metals from governmental entities, public utility companies, or railroad companies or from dealers certifying in writing that a report for the metals being purchased has previously been filed and that any item containing gold, platinum, or silver has been retained as required by this chapter.
(4) The provisions of § 112.03 shall not apply to the purchase of any coin with an intrinsic value less than its numismatic value by any person whose primary business is dealing in gold or silver coins, if the business is licensed pursuant to law or ordinance.
(Ord. 137, passed 7-2-81) Penalty, see § 10.99