City of Bangor, ME Precious Metals

[Amended 9-14-1998 by Ord. No. 98-339; 5-9-2005 by Ord. No. 05-123]

No person, firm or corporation shall engage in business as a dealer in old gold, silver and precious metals in the City of Bangor except under written license granted by the City Council, issued under the signature of the City Clerk. The annual fee for a precious metals license shall be as provided in § 85-4. Such licenses shall continue in force until one year after the date issued, unless sooner revoked by vote of the City Council.

[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]

Every person, firm or corporation engaged in business as a dealer in old gold, silver and precious metals in the City of Bangor shall make a written daily record, in duplicate, of each transaction whereby any old gold, silver or precious metals are purchased or otherwise acquired by such licensee. Such record shall contain the information required by state statute described in 30-A M.R.S.A. § 3972(2), and any amendments thereto, as well as a description of each article sufficiently accurate and complete to identify it and the consideration paid therefor. Before recording the information required by this section and 30-A M.R.S.A. § 3972(2), a dealer shall require reasonable proof of the seller's identity in the form of a government-issued identification card such as a motor vehicle operator's license or military identification card. The records required under this section must be kept for a period of one year and maintained in order by date of purchase. Upon request by a law enforcement officer or prosecuting attorney, a dealer shall promptly make available for inspection at the dealer's principal place of business the records required under this section and 30-A M.R.S.A. § 3972(2).

Records filed with Police Chief. Every licensee hereunder shall file the duplicate copies of the daily record required above in the office of the Chief of Police by 10:00 a.m. of the Saturday following the date of such record.

Identification, inspection and validation of articles. Every licensee hereunder shall retain possession of all articles of gold, silver and precious metals purchased or otherwise acquired for a period of 15 days after the date of acquisition by the dealer, except that a dealer who determines that the precious metals are not listed in an electronic database designed to catalog stolen property may sell or alter the precious metal five business days after the date of filing the record thereof in the office of the Chief of Police pursuant to Subsection A, during which period said articles shall be subject to identification, inspection and valuation by the Chief of Police or any officer of the Police Department and such persons as shall assist said officers. Such licensee shall produce and identify any such article upon request of the Chief of Police or any officer of the Police Department.