(A) (1) Coin collectors and coin dealers (those engaged exclusively in the business of buying and selling coins or bullion) shall not be subject to the extensive recordkeeping and goods retention requirements for secondhand goods or used personal property dealers to the extent of their actual dealings in coins.
(2) However, if any such coin collector or coin dealer also purchases, trades, barters, or exchanges any other type of secondhand personal property, including gold, silver, and/or other precious metals or jewelry in conjunction with its coin dealership or collecting of coins, such establishment, entity, or individual shall be subjected to the extensive recordkeeping, licensing, and goods retention requirements established in this subchapter, as far as these other items of secondhand personal property, gold, silver, and/or precious metals or jewelry are concerned.
(B) Coin collectors and coin dealers, although not subject to the recordkeeping, licensing requirements, and goods retention provisions of this subchapter as relates to their coin dealings, nonetheless will be required to meet the following conditions as they relate to their coin business:
(1) All coin dealers and/or collectors who conduct a coin business and conduct no other secondhand personal property, precious metal, or gem business shall be required to register with the Village Clerk.
(2) All coin swap meets and conventions shall be required to register with the Village Clerk no later than three days before the scheduled date of the swap meet. The sponsor or sponsors of such a swap meet shall be required to submit the following information at the time of registration:
(a) The type of swap meet to be conducted;
(b) The location of the swap meet or convention;
(c) The time and date of the swap meet or convention and its expected duration; and
(d) The approximate number of participants.
(Ord. 87-0-030, passed 5-26-87) Penalty, see § 117.99