Orange Municipal Code Ch. 5.41 Coin Shops

As used in this chapter, "coin shop" means a business where coins or currency are bought, sold, traded, pawned, auctioned, or accepted for sale on consignment at a price above the face value of such coins or currency upon the basis, express or implied, that the value above the face value is derived from the age, rareness, condition, mineral content, or historical associations of the coins or currency. Except for coins or currency, coin shop shall not include a shop where secondhand merchandise, including but not limited to jewelry or metals, is bought, sold, traded, pawned, auctioned, or accepted for sale on consignment. Shops which buy, sell, trade, pawn, auction, or accept for sale on consignment coins or currency at a price above the face value of such coin or currency and where secondhand merchandise, other than coins or currency, is bought, sold, traded, pawned, auctioned, or accepted for sale on consignment shall comply with Chapter 5.58 as to such other secondhand merchandise.

(Ord. 62-79)

No person shall conduct business as a coin shop within the City without first obtaining a proper permit therefor, as provided in this chapter.

(Ord. 62-79)

Application for a coin shop permit shall be made to the Business Services Coordinator who shall refer all such applications to the Chief of Police for an investigation.

(Ord. 62-79)

The permit fee shall be in such amount as is established from time to time by resolution of the City Council.

(Ord. 62-79; Ord. 16-85; Ord. 18-07)

The Chief of Police shall cause each applicant to be fingerprinted and photographed, a record of which shall be kept in the office of the Chief of Police. The applicant shall pay the amount set by the State for processing the fingerprints. The Chief of Police shall cause an investigation of each applicant to be made to determine if such applicant has committed an act that, if done by a permittee, would be grounds for revocation or suspension of a permit, or if such applicant has been convicted of any crime that has a substantial relationship to the permitted business.

(Ord. 62-79)

The holding, reporting and identification of coins and currency shall be in conformance with Division 8, Chapter 9, Article 4 of the Business and Professions Code, Section 21625, et seq.

(Ord. 4-00; Ord. 07-24, 5/14/2024)

No person conducting a business as a coin shop shall buy, trade, accept for consignment or auction, or loan money for coins or currency at a price above the face value of such coins or currency from any person who is under 18 years of age, unless the person is accompanied by that person's parent, guardian or other person in lawful custody of the person who is under 18 years of age. The person conducting a coin shop shall obtain the written permission, under penalty of perjury, from the parent, guardian or other person in lawful custody of the person who is under 18 years of age before the person conducting the business shall buy, trade, or accept for consignment or auction, or loan money for coins or currency at a price above the face value of such coins or currency from any person who is under 18 years of age. A copy of the written permission shall be submitted to the Chief of Police not later than 12:00 noon of the day following the acquisition of such coins or currency.

(Ord. 62-79; Ord. 4-00)