PRECIOUS METAL AND GEM DEALERS

Tulsa Revised Ordinances tit. 27, ch. 27

in effect

Tulsa Revised Ordinances tit. 27, § 2700 Definitions.

Section 2700. - Definitions. A. Dealer means any person, partnership, sole proprietorship, corporation or association which in the regular course of business, takes, receives, pays for or transfers used precious metals or gems. "Dealer" shall not mean any supervised financial institution, as defined by the Oklahoma Consumer Credit Code, a pawnshop licensed under the Oklahoma Pawnshop Act and jewelers whose principal business is the sale of items purchased directly from the original manufacturer, wholesaler or their authorized representative and who in the regular course of such business, accept trade-in of items defined in this chapter as precious metals or gems, so long as the item or items to be traded are not greater in value than the item or items to be purchased. For purposes of this exception, retail jewelers may not buy used precious metals or gems for cash consideration only. B. Employee means any person working for a dealer, whether or not the person is in the direct employment of the dealer or works full time or part time, who handles used precious metals or gems for the dealer. Employee shall not mean a person employed by a bank, armored car company or other business entity acting in the sole capacity of bailee-for-hire relationship with a dealer. C. Gem means any precious or semiprecious stone or item containing a precious or semiprecious stone customarily used in jewelry or ornamentation. D. Precious metal means platinum, gold or silver, but shall not mean any ingot or bar manufactured by a commercial mint nor shall it mean any or all coins. E. Used means previously sold or traded. (Ord. No. 17084)

Tulsa Revised Ordinances tit. 27, § 2701 Examination and inspection.

Section 2701. - Examination and inspection. A. Every dealer shall keep a permanently bound book, not loose leaf, with pages numbered in sequence, in which there shall be legibly written at the time of any transaction with any person involving the purchasing of any used item made or containing in whole or in part any precious metal or gem, the following information: 1. An account and description of the item purchased, including if applicable, the manufacturer's name, the model, the model number, the serial number and any engraved marking; 2. The amount of money involved in the transaction; 3. The date; 4. The name, address and driver's license number of the person involved in the transaction with the dealer; if the person has no driver's license, then the date of birth and general physical description, including hair color and approximate height and weight of that person; and 5. The signature of the seller; B. The book required by this section shall be a permanent record to be kept available for inspection at all times on the premises of the business of the licensed dealer. Such book shall be made available during regular business hours for inspection by any Tulsa Police Officer. Every entry in such book shall be made in ink and shall not in any manner be obliterated or erased. C. No dealer shall be required to furnish the description of any new property purchased from manufacturers or wholesale dealers at an established place of business or of any goods purchased from any bankrupt stock. Such goods shall be accompanied by a bill of sale or other evidence of open and legitimate purchase. The bill of sale shall also be available for inspection during regular business hours. D. No dealer shall be required to furnish a description of property purchased from another licensed dealer or to meet the holding period provided in Section 2703 of this chapter if that dealer has met the requirements provided for in Subsection A of this section and Section 2703 of this chapter upon the initial purchase of the property; provided, however, that each dealer shall record the license number of the other dealer and the amount of the transaction. (Ord. No. 17084)

Tulsa Revised Ordinances tit. 27, § 2702 Required report.

Section 2702. - Required report. A. A dealer shall cause to be delivered to the Chief of Police or his designee, either by delivery to the Main Police Station or deposit in the United States Mail, a copy or report of any transaction involving the purchasing of any used item made of or containing in whole or in part any precious metal; provided that such copy or report shall be in the possession of the appropriate Police personnel within three (3) days of the transaction; and provided further, that such copy or report shall be on a form supplied or approved by the Chief of Police. Such copy or report shall contain, at a minimum, the following information: 1. The name and address of the dealer; 2. The name, address and driver's license number of the person involved in the transaction with the dealer; if the person has no driver's license, the date of birth and general physical description, including hair color and approximate height and weight of that person; 3. The buy transaction number; 4. The date of the transaction; and 5. An account and description of the item purchased, including if applicable, the manufacturer's name, the model, the model number, the serial number and any engraved marking. (Ord. No. 17084)

Tulsa Revised Ordinances tit. 27, § 2703 Certain goods to be kept by dealer, time period, procedure.

Section 2703. - Certain goods to be kept by dealer, time period, procedure. A. Every dealer must keep at the business location designated in the license application required by the State all used articles made in whole or in part of precious metals or gems, for inspection by any Tulsa Police Officer at reasonable times for a period of ten (10) days or until the articles have been released by written authorization of any Tulsa Police Officer, except as provided for in Subsection 2701.C. of this chapter. During this period, the appearance of such articles shall not be altered in any way. A dealer is not prohibited from selling or arranging to sell such articles during this ten (10) day period so long as such articles remain in his possession as required by this section. B. A dealer may also designate an additional location for storage of items required to be held under the provisions of this chapter. This location shall be either a vault or a bank. The designated additional location shall be available for inspection by any Tulsa Police Officer. (Ord. No. 17084)

Tulsa Revised Ordinances tit. 27, § 2704 Penalty.

Section 2704. - Penalty. Any person violating any provision of this chapter, either by doing anything which is prohibited or by failure or refusal to do anything which is commanded, shall be guilty of an offense and, upon conviction thereof, shall be punished by a fine of not more than Five Hundred Dollars ($500.00), excluding costs, and/or by imprisonment in the City jail for a period of not more than ninety (90) days. Each day of such violation shall be deemed a separate offense. (Ord. No. 17084)

Source: City of Tulsa, Revised Ordinances and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ok/tulsa/codes/code_of_ordinances?nodeId=COOR_TIT27PECO_CH27PRMEGEDEFetched: 10/28/2026