(a) Any business meeting the definition of precious metals dealers as specified in section 13-1 shall keep a record of all purchases of gold, silver or platinum; or unset precious stones. The division of police shall furnish standard forms for such purposes, which shall at a minimum require the following information: date, time, amount paid by the dealer for the item, manufacturer's name and pattern, if ascertainable, serial number, if any, any distinguishing marks or engravings, weight of the item, pattern, number of items, and settings, if any. Additionally, the following information shall be required from the seller: Name, address, date of birth, age, hair color, race, sex, height, weight, build, general appearance, distinguishing marks, driver's license number or numbers from two (2) ID's, which may include credit cards, and a thumbprint.
(b) All precious metals dealers shall furnish to the division of police each day by 11:00 a.m. a copy of the completed record form for all transactions which took place during the preceding day. The thumbprint of each seller shall be maintained by the precious metal dealer, and it shall be the duty of any precious metals dealer to allow any member of the division of police to examine and inspect the records required above; and if sufficient information cannot be gained from inspection of said records, it shall be the duty of any precious metals dealer to permit and allow said officer to examine any and all such articles still in the dealer's possession.
(c) Every article or set of articles received by a precious metals dealer shall be kept with the aforementioned record form attached, during the entire time it is in the possession of the licensee or until the item is altered or changed in such a way as to make it no longer readily identifiable, whichever happens first. All such articles shall be retained at the place of business or other locations where the articles may be made readily available, upon request, to the division of police in the same state or condition in which they were received for a period of twelve (12) consecutive days after their receipt, during which time they shall not be resold, exchanged or otherwise disposed of. Krugerrands and manufactured ingots shall be so retained for five (5) consecutive days. Coins other than Krugerrands and manufactured ingots, being excluded from the scope of this section, need not be recorded, reported, or retained for any period of time.
(d) Nothing contained in this section shall require compliance by a person engaging in business within Fayette County who possesses a current business license from the urban county government and is either accepting returns for cash, credit or replacement of any item originally purchased from said person or exchanging an item for another item of greater value.
(Ord. No. 19-81, § 2, 2-5-81; Ord. No. 33-82, § 1, 3-30-82; Ord. No. 161-93, § 1, 8-26-93; Ord. No. 55-96, § 1, 4-18-96; Ord. No. 311-99, § 4, 11-4-99)