§ 9-8-34. Record of transactions.

(a)

Every dealer shall keep at his place of business an accurate and legible record of each purchase of precious metals or gems. The record of each such purchase shall be retained by the dealer for not less than 24 months. These records shall set forth the following:

(1)

A complete description of all precious metals or gems purchased from each seller. The description shall include all names, initials, serial numbers or other identifying marks or monograms on each item purchased, the true weight or carat of any gem and the price paid for each item.

(2)

The date and time of receipt of the items purchased.

(3)

The name, address, age, sex, race, driver's license number or social security number and signature of the seller.

(b)

The information required above shall appear on each bill of sale for all precious metals and gems purchased by a dealer. A copy of the bill of sale or a form prescribed by the chief of police containing such information shall be mailed or delivered within 24 hours of the time of purchase to the chief of police.

(c)

Each dealer shall keep and maintain for at least 24 months an accurate and legible record of the name and address of the person, firm or corporation to which he sells any precious metal or gem in its original form after the waiting period required by section 9-8-37. This record shall also show the name and address of the seller from whom the dealer purchased such item. (Ord. No. 2587, 6/13/81, Sec. 8)