Cash-for-gold stores would be defined as a type of pawn shop under proposed legislation that was forwarded to city council by its Rules Committee Tuesday.
The legislation, which now heads to full council, means that such stores would not be permitted anywhere that pawn shops are not allowed. It was introduced by Fifth District Councilman Darrell Clarke, who was inspired by a yet-unopened store on Delaware Avenue, across from SugarHouse Casino.
That store was issued an over-the-counter jewelry store permit with a precious metal dealer's license by the city's Department of Licenses & Inspections. That means that no more than 25 percent of the floor space could be dedicated to the purchasing of precious metals, and at least 75 percent of the square footage must be dedicated to jewelry sales.
But when large, green neon-signs were lit in the windows of the row-house sized structure, they advertised cash-for-gold. None advertised jewelry and inside, the small space contained one display counter of the kind seen in jewelry stores. Behind it was a large security window with a small circle to speak into and a pass-through.