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Oklahoma City Municipal Code ch. 54, art. VI, div. 1
in effect

Oklahoma City Municipal Code § 54-191 Definitions.

§ 54-191. - Definitions. The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning: (1) Gems means any precious or semiprecious stones or any item containing or having any precious or semiprecious stones customarily used in jewelry or ornamentation. (2) Precious metals and gem dealer means a person, firm, or corporation engaged in the business of buying secondhand or used precious metals or gems, whether for cash or trade, and whether or not a fixed place of business is maintained for such purposes. Said precious metals or gems dealer shall be referred to as "dealer" throughout this article. (3) Exemptions. Expressly exempted are licensed pawnbrokers 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 article 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. (4) Precious metals means platinum, gold or silver, but shall not mean an ingot or bar manufactured by a commercial mint, nor shall it mean any or all coins. (5) Secondhand article means any article which has been used or which has been traded or sold by a retailer. (Ord. No. 16149, § 1, 3-31-81; Ord. No. 16189, § 1, 5-5-81; Ord. No. 16289, § 1, 7-14-81; Code 1980, § 54-136)

Oklahoma City Municipal Code § 54-192 Records of transactions.

§ 54-192. - Records of transactions. (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 law enforcement officer authorized by a law enforcement agency to inspect such book. 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 for in Section 54-193 if that dealer has met the requirements provided for in Subsection (a) of this section and Section 54-193 upon the initial purchase of the property, provided, that each shall record the license number of the other dealer and the amount of the transaction. (Ord. No. 16149, § 5, 3-31-81; Code 1980, § 54-137)

Oklahoma City Municipal Code § 54-193 Retention period for goods.

§ 54-193. - Retention period for goods. Every dealer shall keep at a location within the limits of the City, as designated in the license application, all secondhand precious metal articles, made in whole or in part, of gold or silver or platinum, or gems, which shall be open to inspection by any law enforcement officer at reasonable times for a period of ten days. During this period, the appearance of such article shall not be altered in any way. A dealer is not prohibited from selling or arranging to sell such articles during the ten-day period as long as such articles remain in his possession as required by this article. (Ord. No. 16149, § 6, 3-31-81; Ord. No. 16189, § 1, 5-5-81; Code 1980, § 54-138)

Oklahoma City Municipal Code § 54-194 Purchases from wholesalers and manufacturers.

§ 54-194. - Purchases from wholesalers and manufacturers. No dealer shall be required to furnish the description of any 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 shall be available for inspection. (Ord. No. 16149, § 7, 3-31-81; Code 1980, § 54-139)

Oklahoma City Municipal Code § 54-195 Advertising requirements.

§ 54-195. - Advertising requirements. All advertising by precious metals dealers must include the following wording in any advertisement: "Dealer License No. _______; Photographic identification of seller required before purchase." (Ord. No. 16149, § 11, 3-31-81; Code 1980, § 54-140)

Oklahoma City Municipal Code § 54-196 Penalties.

§ 54-196. - Penalties. Any person, firm, or corporation who shall willfully violate any provision of this article shall, upon conviction thereof, be deemed guilty of a Class "b" offense and shall be punished by a fine of not more than $750.00, excluding costs for each offense, or by imprisonment for not more than six months in the City Jail or both. (Ord. No. 16149, § 9, 3-31-81; Code 1980, § 54-141; Ord. No. 20470, § 1, 10-24-95)

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