CA AB391

Requires secondhand dealers to report acquisitions using a single, statewide, uniform electronic reporting system developed by the Department of Justice, with paper reporting allowed until the system is implemented.

Eliminates electronic filing requirements for coin dealers, who may instead report using paper forms developed by the Attorney General.

Establishes the Secondhand Dealer and Pawnbroker Fund to finance the electronic reporting system, funded by licensure fees of up to $300 for new applications and renewals, plus a one-time fee of up to $288 from existing licensees due within 120 days.

Revises the definition of "commercial grade ingots" to include 0.99 fine or finer ingots of gold, silver, palladium, or platinum, which are excluded from reporting requirements.

Applies the same licensing fee structure and reporting requirements to both secondhand dealers under the Business and Professions Code and pawnbrokers under the Financial Code.