The following definitions shall apply in the interpretation and enforcement of this chapter.

    1. "Casual purchases of precious metals or precious gems" means the purchase of precious metals or precious gems other than for resale or for the purchaser's own use or enjoyment.  Any purchase from a dealer in precious metals or precious gems shall be considered a casual purchase.

    2. "Dealer in precious metals or precious gems" means any person who engages in a business of purchasing or receiving, for resale, any precious metals or any precious gems which were previously sold at retail, or coins.  This does not include any person who makes only casual purchases of precious metals or precious gems, nor any person who purchases only from a wholesaler.

    3. "Pawnbroker" means any person who makes loans or advancements upon pawn, pledge or deposit of personal property or who receives actual possession of personal property as security for loans, with or without a mortgage, or a bill of sale thereon, or who by advertisement or sign or otherwise hold themselves out as a pawnbroker.

    4. "Precious gems" means diamonds, emeralds, rubies, sapphires and pearls and any other gem of similar value and any article made in whole or in part of such gems.

    5. "Precious metals" means gold, silver and platinum and any article made in whole or in part of any of such metals.

    6. "Regulated Transaction in precious metals or precious gems" means the purchase or receipt by a dealer, other than a casual purchaser, of any precious metal or precious gem previously sold at retail, or coins.  (Ord. 82/T-565; S-43360, 1981)