24-4-20-1. Definitions
Sec. 1. The following definitions apply throughout this chapter: (1) “Currency” means a coin made of gold, silver, or other metal or paper money that is or has been used as legal tender. (2) “Foreign entity” means: (A) if the person is a sole proprietor, an individual who does not reside in Indiana; or (B) […]
24-4-19-14. Seller Identification; Photograph of Precious Metal
Sec. 14. (a) If a precious metal dealer purchases precious metal from a seller, the precious metal dealer shall: (1) verify the identity of the seller by use of a government issued photographic identification; (2) make a copy of the seller’s government issued photographic identification; and (3) take a photograph of the precious metal. (b) […]
24-4-20-2. Temporary Registration Issuance
Sec. 2. The secretary may issue a temporary registration in accordance with this chapter to a foreign entity that: (1) wishes to sell precious metals bullion or currency at a trade fair or coin show in Indiana; (2) is not otherwise lawfully authorized to conduct business in Indiana; and (3) complies with requirements of this […]
24-4-19-15. Books, Accounts, and Records
Sec. 15. (a) A precious metal dealer shall keep and use in the precious metal dealer’s business the books, accounts, and records necessary to determine whether the precious metal dealer is complying with this chapter. (b) A precious metal dealer shall preserve the books, accounts, and records, including cards used in the card system, for […]
24-4-20-3. Temporary Registration Expiration
Sec. 3. A temporary registration issued under this chapter expires not later than twenty-eight (28) days after the date on which the temporary registration is issued. As added by P.L.195-2016, SEC.2. Amended by P.L.85-2017, SEC.92.
24-4-19-16. Precious Metal Purchases Reported to Law Enforcement Agencies
Sec. 16. (a) Each day a precious metal dealer purchases precious metal at a permanent place of business, the precious metal dealer shall report the information described in section 15(d) of this chapter concerning the precious metal to a law enforcement agency as follows: (1) If the permanent place of business is located in a […]
24-4-20-4. Requirements for a Temporary Registration
Sec. 4. A foreign entity that wishes to obtain a temporary registration to sell precious metals bullion or currency at a trade fair or coin show in Indiana under this chapter must do the following: (1) Submit an application to the secretary in the form and the manner prescribed by the secretary. (2) Pay a […]
24-4-19-1. Application
Sec. 1. This chapter does not apply to the following: (1) A jeweler regulated under IC 24-4-13 concerning used jewelry sales. (2) A valuable metal dealer (as defined in IC 25-37.5-1-1(b)). (3) A pawnbroker licensed under IC 28-7-5. (4) The purchase or resale of a mint issued coin by a person whose primary business is […]
24-4-19-2. “Jewelry”
Sec. 2. As used in this chapter, “jewelry” means personal ornaments made of gold, silver, or platinum that may or may not contain precious, semiprecious, or imitation stones. As added by P.L.222-2013, SEC.3.
24-4-19-3. “Mint Issued Coin”
Sec. 3. As used in this chapter, “mint issued coin” means a coin that: (1) is bought or sold as an investment in a rare or precious metal; (2) has a collectable value greater than the face value of the coin; or (3) is collectable or desirable due to the age, rarity, or condition of […]