§ 206-2. Definitions.  


Latest version.
  • As used in this chapter, the following terms shall have the meanings indicated:
    ACCEPTABLE IDENTIFICATION
    A current valid New Jersey driver's license or identification card, a current valid photo driver's license issued by another US state, a valid United States passport, or other verifiable US government-issued identification, which will be recorded on the receipt retained by the dealer and subsequently forwarded to the local police department on request.
    ADMINISTRATIVE HOLD
    An order issued by a police officer to hold, on site, certain merchandise, obtained through a transaction covered under this chapter, and not to dispose of said property until a police investigation is completed and the property hold is released.
    DEALER
    Any person, partnership, limited liability company, corporation, or other entity who, either wholly or in part, engages in or operates any of the following trades or businesses: the buying for purposes of resale of precious metals, jewelry, or other secondhand goods as defined herein; pawnbrokers as defined herein; itinerant businesses as defined herein. For the purposes of this chapter, "transient buyers," as defined herein, are subject to the same licensing and reporting requirements as any other dealers.
    ITINERANT BUSINESS
    A dealer who conducts business intermittently within the municipality or at varying locations.
    PAWNBROKER
    Any person, partnership, association or corporation: lending money on deposit or pledge of personal property, other than choses in action, securities, or printed evidences of indebtedness; purchasing personal property on condition of selling it back at a stipulated price; or doing business as furniture storage warehousemen and lending money on goods, wares or merchandise pledged or deposited as collateral security.
    PRECIOUS METALS
    Gold, silver, platinum, palladium, and their alloys as defined in N.J.S.A. 51:5-1 et seq. and N.J.S.A. 51:6-1 et seq.
    PUBLIC
    Individuals and retail sellers, not to include wholesale transactions or transactions between other merchants.
    REPORTABLE TRANSACTION
    Every transaction conducted between a dealer and a member of the public in which precious metals, jewelry, or any other secondhand goods as defined herein are purchased or pawned.
    SECONDHAND GOODS
    Used goods such as antiques, gold, silver, platinum, or other precious metals, jewelry, coins, gemstones, gift cards, any tools, telephones, typewriters, word processors, GPS devices, computers, computer hardware and software, television sets, radios, record or stereo sets, electronic devices, musical instruments, sporting goods, automotive equipment, collectibles, game cartridges, DVDs, CDs, and other electronically recorded material, firearms, cameras and camera equipment, video equipment, furniture, clothing, and other valuable articles. For the purposes of this chapter, secondhand goods shall not include goods transacted in the following manner:
    A. 
    Judicial sales or sales by executors or administrators;
    B. 
    Occasional or auction sales of household goods sold from private homes;
    C. 
    Auctions of real estate;
    D. 
    The occasional sale, purchase, or exchange of coins or stamps by a person at his permanent residence or in any municipally owned building who is engaged in the hobby of collecting coins or stamps and who does not solicit the sale, purchase, or exchange of such coins or stamps to or from the general public by billboard, sign, handbill, newspaper, magazine, radio, television, or other form of printed or electronic advertising.
    SELLER
    A member of the public who sells or pawns used goods such as precious metal, jewelry, or other secondhand goods to a dealer.
    TRANSIENT BUYER
    A dealer, as defined herein, who has not been in a registered retail business continuously for at least six months at any address in the municipality where the dealer is required to register or who intends to close out or discontinue all retail business within six months.