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Any person, firm or corporation engaged in the business of purchasing old or used gold, silver or other precious metal, as defined by the United States Federal Trade Commission, shall, at the time of purchase, inform the seller of the troy weight of the gold, silver or other precious metal offered for purchase, the price per unit weight used to compute the purchase price and the quality of the gold, silver or other precious metal so offered for purchase.
Each ball, tube, bale, bobbin or spool must be marked with the net weight or linear measure of the twine, cordage, thread or yarn contained therein or with the gross and tare weights thereof. If a number of similar balls, tubes, bales, bobbins or spools are sold in a container and are not sold separately, it will be sufficient either to mark the total length or weight on the container together with the number of units in the container or to mark the length or weight of each unit together with the number of units in the container.
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