Connect with us

Headlines

Jeweler, Coin Dealer Charged With Precious-Metal Violations

They allegedly failed to meet reporting requirements.

mm

Published

on

YORK, PA – A jeweler and a coin dealer have been accused in Pennsylvania with violating reporting requirements for precious-metal sales.

The York County district attorney filed charges against James Zimmerman of Zimmerman Jewelers and Dennis Steinmetz of Steinmetz Coins and Currency.

A Pennsylvania statute mandates, “A copy of every record of transaction shall be delivered or mailed to the district attorney of the county in which a purchase of precious metals is made by the close of the next working day after the day on which the metal is purchased.”

Both owners were contacted on Jan. 15 advising them that they were to return to compliance, according to a press release from the district attorney’s office. From Feb. 1 to present, Zimmerman Jewelers has had a 37% compliance rate, and Steinmetz Coins and Currency had a compliance rate of 17%, according to the release.

Advertisement

The York County District Attorney’s Office stated that it “has invested significant time and money in an effort to make submissions easier on precious metals dealers by creating a web-based reporting system.” Over the past two years, the program has grown to include Lebanon County and is in the process of expanding to Cumberland County. There are currently over 50 precious metal dealers using the website, who maintain an average 94% compliance rate.

District Attorney Dave Sunday said, “It is the legal obligation of every precious metal dealer in the Commonwealth of Pennsylvania to provide this information to their jurisdiction’s District Attorney. Data from this website has proven to be an invaluable tool, aiding municipal law enforcement officers in solving drug and property crimes, and helping to reunite stolen items with their rightful owners.”

Advertisement

SPONSORED VIDEO

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”

Promoted Headlines

Most Popular