§ 10.5-33. Disposal by dealer restricted.

(1)

Except as provided in subsection (2), no article or personal property made in whole or in part of precious metal shall be sold, melted, altered or otherwise disposed of by any dealer until ten (10) days have elapsed from the time the sheriff has had made available to him a copy of transcript of the register in which such article of personal property is entered, and the article shall not be transferred from within the county during that ten-day period.

(2)

The following transactions shall be exempt from the provisions of subsection (1):

(a)

Coins repurchased by a dealer, provided the dealer repurchases from the same person and maintains a record of the prior sale and the repurchase.

(b)

The purchase of any coin with an intrinsic value less than its numismatic value or of any bullion coins by any person whose primary business is dealing in gold or silver coins, if such business is licensed pursuant to law or ordinance.

(c)

Transactions between dealers, provided the article has been registered in accordance with this article and in the possession of the dealer for the period required by subsection (1).

(Ord. No. 81-5, § 3, 4-14-81)