Law on precious metals from Pennsylvania

Precious metals include gold and silver. Precious metals of Pennsylvania requires the precious metals dealer is properly registered to participate in sales transactions. Consumers should check with the Sheriff of their premises is to ensure that the concessionaire properly registered and licensed. Distributors must deal fairly with customers. Record (sellers and refineries) RequirementDealers must register precious metals with Sheriff's Office in the County in which you operate. Application of the licence requires the licensee provide general information including the name of the company, location of the operation and if it previous applications that were denied. License fees are $50.RecordsDealers must provide a written each sales transaction tracing. Records must include a proper identification of the seller, a good identification sold precious metals and time and the date of sale. The records must be retained for a year.EnforcementRecords all sales for inspection by the appropriate law enforcement agencies must be available. Copies of sales documents should be sent to the local district attorney or the police of the municipality where the sale service was made.Weighing DevicesIf sale, requires the use of a weighing device (generally a standard), a measure of price reflecting metal sold and the price per weight, should appear. With a weight of must be properly calibrated and match each laws.PenaltiesFailure relevant to comply with the provisions of the Act is a criminal offence of third degree. In addition the person/entity in violation will lose his license and be able apply for five years.