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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85357</law_id><section_number>54.1-4101</section_number><catch_line>Records to be kept; copy furnished to local authorities</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="54.1">Professions and Occupations</unit><unit label="subtitle" level="2" order_by="1" identifier="V">Occupations Regulated by Local Governing Bodies</unit><unit label="chapter" level="3" order_by="1" identifier="41">Precious Metals Dealers</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Every <span class="dictionary">dealer</span> shall keep at his place of business an accurate and legible record of each purchase of <span class="dictionary">precious metals</span> or <span class="dictionary">gems</span>. The record of each purchase shall be retained by the <span class="dictionary">dealer</span> for at least 24 months and shall set forth the following: <a id="paragraph-305797" class="section-permalink" href="https://vacode.org/54.1-4101/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> A complete description of all <span class="dictionary">precious metals</span> or <span class="dictionary">gems</span> purchased from each seller. The description shall include all names, initials, serial numbers, or other identifying marks or monograms on each item purchased, the true weight or carat of any gem, and the price paid for each item; <a id="paragraph-305798" class="section-permalink" href="https://vacode.org/54.1-4101/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The date, time, and place of receiving the items purchased; <a id="paragraph-305799" class="section-permalink" href="https://vacode.org/54.1-4101/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> The full name, residence address, work place, home and work telephone numbers, date of birth, sex, race, height, weight, hair and eye color, and other identifying marks of the person selling the <span class="dictionary">precious metals</span> or <span class="dictionary">gems</span>; <a id="paragraph-305800" class="section-permalink" href="https://vacode.org/54.1-4101/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> Verification of the identification by the exhibition of an unexpired government-issued identification card bearing the current legal address and a photograph of the person selling the <span class="dictionary">precious metals</span> or <span class="dictionary">gems</span>, such as a driver&#x2019;s license or military identification card. If the government-issued identification card does not bear the current legal address, the person shall present other documentation verifying his current legal address. The record shall contain the type of identification exhibited, the issuing agency, and the number thereon; <a id="paragraph-305801" class="section-permalink" href="https://vacode.org/54.1-4101/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> A statement of ownership from the seller; and <a id="paragraph-305802" class="section-permalink" href="https://vacode.org/54.1-4101/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> A digital image of the form of identification used by the person involved in the transaction. <a id="paragraph-305803" class="section-permalink" href="https://vacode.org/54.1-4101/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The information required by subdivisions A 1 through A 3 shall appear on each bill of sale for all <span class="dictionary">precious metals</span> and <span class="dictionary">gems</span> purchased by a <span class="dictionary">dealer</span>, and a copy shall be mailed or delivered within 24 hours of the time of purchase to the chief <span class="dictionary">law</span>-enforcement officer of the locality in which the purchase was made. <a id="paragraph-305804" class="section-permalink" href="https://vacode.org/54.1-4101/#B"><i class="fa fa-link"/></a></p></section></text><history>1981, c. 581, &#xA7; 54-859.16; 1986, c. 316; 1988, c. 765; 1990, c. 783; 1991, c. 174; 2013, c. 262; 2019, c. 457.</history><metadata></metadata></law>
