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DE HB61
Bill
Status
3/21/2013
Primary Sponsor
Joseph Miro
Click for details
AI Summary
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Requires precious metals dealers to post daily prices set by the London Bullion Market Association and London Platinum and Palladium Market on a conspicuous sign near weighing devices
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Mandates posted prices include 24, 18, 14, and 10 karat gold; pure and sterling silver; and platinum, all expressed per troy ounce
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Requires display of a metric-to-troy ounce conversion chart when weight is measured in metric units (1 troy ounce = 31.10348 grams)
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Weighing devices must be positioned so both buyer and seller can observe the weighing operation, with results verbally stated and recorded
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Sets technical standards for weighing devices: minimum graduation not exceeding 0.1 gram or 0.1 pennyweight for devices with capacities of 3,000 grams or 100 troy ounces or less
Legislative Description
An Act To Amend Title 24 Of The Delaware Code Relating To Pawnbrokers, Second Hand Dealers, And Scrap Metal Processors And Precious Metals, Pricing, And Weighing.
Last Action
Amendment HA 1 - Introduced and Placed With Bill
6/12/2013