purchases precious metals from the general public for resale or
[refining] other commercial disposition, or any individual who
acts as agent for such individual, partnership, association,
corporation or business entity for such purchase or purchases.
Excluded from this definition are financial institutions
licensed under Federal or State banking laws, the purchaser of
precious metals who purchases from a seller seeking a trade-in
or allowance, the manufacturers of jewelry or of other items
composed, in whole or in part, of gold, silver or platinum and
the purchaser of precious metals for his, her or its own use or
ownership and not for resale or [refining] other commercial
"Gold." Any alloy of the element gold, ten karat or of
greater fineness. A karat is 1/24 part, by weight, of the alloy
of the metallic element gold.
"Platinum." Any alloy of the element platinum, 750/1000 or
more parts per thousand, by weight, of pure platinum.
"Precious metals." Items containing or being of gold, silver
or platinum, including, but not limited to, jewelry and silver
services, but excluding coins, ingots, bullion or photographic
film or any article containing less than 5% of gold, silver or
platinum by weight.
"Proof of identity." An unexpired document issued by the
Federal Government, the Commonwealth or any other state
government, the District of Columbia, the Commonwealth of Puerto
Rico or any United States territory that includes all of the
(1) The name, age and address of the seller.
(2) A photograph of the seller.
(3) An expiration date.
A00394 - 2 -