3-9-3: EXEMPTIONS:

This chapter shall not apply to:

   A.   Licensed pawnbrokers.

   B.   Any person who, solely as a hobby, collects items regulated by this chapter and who purchases, sells or exchanges such items in pursuit of that hobby.

   C.   Persons or transactions associated with bona fide trade shows or conventions where all transactions of purchase, sale or exchange are made in connection with such trade shows or conventions and within the confines of the trade show or convention site.

   D.   Purchases of precious metals or gems directly from manufacturers or wholesalers for retail or wholesale inventories or from other dealers; provided, that the selling dealer has complied with the provisions of this chapter.

   E.   Purchases of precious metals or gems from a duly qualified fiduciary who, in the administration of an estate, is disposing of the assets of the estate.

   F.   Acceptance by a retail merchant or dealer of trade-in merchandise previously sold by such retail merchant or dealer to the person presenting that merchandise for trade in. (1952 Code § 5-20-03)