§ 54-68. Exceptions to article.

The provisions of this article shall not apply to the following:

(1)

Transactions between one licensed established dealer in the normal course of business and another licensed established dealer.

(2)

Purchase and sale of antique timepieces, chains and watch fobs which were produced prior to 1950, including antique pocket watches and wrist watches purchased for their horological value.

(3)

Estates purchased through banks, attorneys or at auction or estate sales.

(4)

Out-of-state purchases transacted through the United States mail.

(5)

Industrial residue or byproducts purchased from manufacturing firms.

(6)

Coins which are not currently in circulation, purchased for their numismatic value.

(7)

Monetized bullion, including Krugerrands, Canadian Maple Leaf, Mexican 500 pesos and United States silver and gold coins.

(8)

Transactions between a precious metal and gem dealer and his customer wherein the precious metal or gem is exchanged for, or the value applied to, the purchase price of other merchandise, provided that no cash, check, money order, cashier's check or other negotiable instrument is paid to the customer by the precious metal and gem dealer and provided the purchase price of the merchandise sold by the dealer to the customer is at least $100.00 in excess of the credit provided to the customer for the customer's precious metal or precious gems taken in trade.

(Code of Gen. Ords. 1967, § 27.42; Ord. No. 52816, 7-30-81; Ord. No. 53641, 2-5-82)