Long Beach Municipal Code Ch. 5.32 Coin and Stamp Dealers

The following words shall have the signification attached to them in this Section, unless otherwise clearly apparent from the context:

A. "Coin dealer" means and includes any person engaged in, or conducting the business in the City, of buying or selling, as owner or consignee, or exchanging any new or used coins, tokens, paper money, and related objects normally dealt with by a numismatist other than a pawnbroker, secondhand dealer, junk dealer or junk collector, as defined by the ordinances of the City.

B. "Stamp dealer" means and includes any person engaged in, or conducting the business in the City, of buying or selling, as owner or consignee, or exchanging, any new or used postage and imprinted stamps, and related objects normally dealt with by a philatelist other than a pawnbroker, secondhand dealer, junk dealer or junk collector.

(Ord. C-7423 § 17, 1996: Ord. C-6260 § 1 (part), 1986)

No person shall engage in, carry on or conduct the business of a coin dealer or stamp dealer without first having obtained a permit in accordance with this Chapter, and complying with any and all requirements and regulations as contained and set forth in this Chapter.

(Ord. C-7423 § 17, 1996: Ord. C-6260 § 1 (part), 1986)

A. Each person, before obtaining a permit to carry on the business of a coin dealer or stamp dealer, shall make a written application on forms furnished by the Director of Financial Management, which shall be signed by such applicant. Additionally, the applicant shall be photographed and fingerprinted by the Police Department.

In the event the applicant is a corporation, an officer of the corporation shall furnish the information required in this Section, and, in addition, shall furnish the names of all other corporate officers and other information as required.

B. The Chief of Police shall issue the permit to the applicant or deny the application within sixty (60) days from the date thereof. Grounds for denial of such application shall be:

1. The applicant has been convicted of a felony or any offense related to the theft or misappropriation of the property of others such as theft, fraud, receiving stolen property or burglary;

2. The applicant has had a previous permit to engage in the business of a coin dealer or stamp dealer revoked or suspended in any jurisdiction;

3. The applicant, based upon his/her past criminal record, would be a poor risk in the business of coin dealer or stamp dealer.

(Ord. C-7423 § 17, 1996: Ord. C-6260 § 1 (part), 1986)

A. Every person applying for a permit under this Chapter for maintaining, carrying on or conducting the business of a coin dealer or stamp dealer shall pay a fee as established by resolution adopted pursuant to Section 5.04.040.

B. No permit issued under the provisions of this Chapter shall be transferable nor shall any person conduct either the business of a coin dealer or stamp dealer under the permit of another person, except as may be provided in this Chapter.

(Ord. C-7423 § 17, 1996: Ord. C-6260 § 1 (part), 1986)

The premises of all coin dealers and stamp dealers shall, at all times, when open for business, be subject to police inspection by members of the Police Department in the pursuit of their official duties, and no person shall hinder or obstruct any such authorized police officer in making such inspection. Premises, as used in this Section, means that area which is used to display the goods or personal property offered for sale to the public.

(Ord. C-7423 § 17, 1996)

Any person engaged in the business of buying and selling tangible personal property as defined in Section 21627 of the Business and Professions Code shall be required to obtain a secondhand dealer license as defined and regulated by Chapter 5.64 of this Municipal Code.

(Ord. C-7423 § 17, 1996)