[HISTORY: Adopted by the City Council of the City of Englewood 7-5-1994 by Ord. No. 94-08. Amendments noted where applicable.]
As used in this chapter, the following terms shall have the meanings indicated:
- RARE COINS
- Any coin which has a value in excess of the face amount of such coin.
- REGULATED ACTIVITY
- The purchase of any rare coins or used items containing gold or silver for subsequent resale purposes and not for personal use.
- USED ITEM CONTAINING GOLD OR SILVER
- Any item containing gold or silver previously sold or transferred to a consumer for the personal use or enjoyment of such consumer.
- Application for Sale of Gold and Silver
- Created: 2015-08-05
- Click here for form
No person shall engage in a regulated activity as defined above without having first obtained a license therefor from the City Clerk, which license shall bear a number issued by the City Clerk and shall be prominently displayed within the licensed premises.
An application for such license shall be filed with the City Clerk and shall be accompanied by a license fee as provided for in Chapter 191, Fee Schedule, for each premises on which the licensed activity is to be conducted, in accordance with the provisions of Chapter 262, Licensing Regulations.
Each license shall expire on December 31 of the year in which it is issued.
Any person required to be licensed hereunder shall be required to log in a ledger the purchase or receipt and sale of any rare coins or used items containing gold or silver. All such ledgers shall be made available for inspection by any law enforcement official of the City of Englewood upon request and shall contain the following information:
In addition, any person required to be licensed hereunder shall furnish to the Police Department a notice setting forth the above information within 30 days following such purchase, receipt or sale.
Any person required to be licensed hereunder shall require the seller or transferor of any used item containing gold or silver to furnish to him proper identification, such as driver's license, employee identification card, etc.
No person shall purchase or acquire any item containing gold or silver from any person under the age of 18 years without the written authorization of such person's parent or legal guardian.
Any person required to be licensed hereunder shall post within the licensed premises, in a conspicuous place, a sign warning all customers of the criminal penalties associated with the knowing sale of stolen merchandise.
Any person required to be licensed hereunder who shall purchase or receive any rare coins or any used item containing gold or silver shall not sell, resell, melt, alter, or otherwise dispose of the same until the expiration of 30 days following service of the notice specified in § 232-3 above.
Any person who shall violate any provision of this chapter, in addition to possible suspension or revocation of any license held by such person, shall, upon conviction thereof, be punished by a fine of not less than $100 not more than $1,000 or by imprisonment for a term not exceeding 90 days, or both. A separate offense shall be deemed committed on each day during or on which a violation occurs or continues.