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an item of equal or lesser value, any tangible personal property previously owned, used, rented or leased. Recordable transaction shall mean every transaction conducted by a secondhand dealer in which merchandise defined in section 321.100 is received, offered for sale, or intended for sale, whether inside or outside the City of Minneapolis. Reportable transaction shall mean every transaction conducted by a secondhand dealer, inside the City of Minneapolis, in which merchandise defined in section 321.110(a) is received, and for which a daily report to the police department is required. Secondhand dealer shall mean any natural person, partnership or corporation, either as principal or agent or employee thereof, whose regular business includes selling or receiving tangible personal properties, excluding motor vehicles, previously owned, used, rented or leased. The term secondhand dealer shall include auction house dealers. Unique identirier shall mean a serial number, identification number, model number, owner applied identifier or engraving, `operation ID" number or symbol, or other unique marking. (98- Or-059, § 1, 6-26-98) 321.20. License required. No person shall engage in the business of secondhand dealer without a secondhand dealer license. No secondhand dealer license may be transferred to a different location or a different person. Licenses shall be conspicuously displayed. Issuance of a license under this article shall not relieve the dealer from obtaining any other licenses required to conduct business at the same or any other locations. A secondhand goods dealer licensed under this article shall also obtain a precious metal dealers license if required to do so under Chapter 322. Persons licensed under Chapter 324 shall not be eligible for a license under this chapter for the same location. (98-Or-059, § 1, 6-26-98) 321.30. Exceptions. The following transactions shall not require a license under this article: (a) The sale of secondhand goods at events commonly known as "garage sales", "yard sales" or"estate sales"where all of the following are present: (1) The sale is held on property occupied as a dwelling by the seller or owned, rented or leased by a charitable or political organization. (2) The occupant owns the items offered for sale and that none of the items offered for sale shall have been purchased for resale or received on consignment for purpose of resale. (3) The owner of the property conducts the sale and receives all proceeds from the sale. (4) That no sale exceeds a period of seventy-two (72) consecutive hours. That no more than two (2) sales are held in any twelve (12) month period at any residential dwelling. (b) The sale or receipt of secondhand books, magazines, post cards, postage stamps, or philatelic material. (c) Goods sold at the public market pursuant to the provisions of Chapter 202 of the Minneapolis Code of Ordinances. (d) Transactions conducted by an antique dealer licensed under Article 11 of this