§ 3-81 — Purchase of Gold, Silver or Precious Metal
New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) · 6 RCNY § 3-81
Corpus is an independent public-information project, not the official City of New York website. Stable reference URL
§ 3-81 Purchase of Gold, Silver or Precious Metal.
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.