{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/54.1-4100.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/54.1-4100.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/54.1-4100.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/54.1-4100.html"}],"law_id":69734,"edition_id":1,"section_id":69734,"structure_id":14670,"section_number":"54.1-4100","catch_line":"Definitions","history":"1981, c. 581, \u00a7 54-859.15; 1988, c. 765.","full_text":"For the purposes of this chapter, unless the context requires a different meaning:\n\t\t“Coin” means any piece of gold, silver or other metal fashioned into a prescribed shape, weight and degree of fineness, stamped by authority of a government with certain marks and devices, and having a certain fixed value as money.\n\t\t“Dealer” means any person, firm, partnership, or corporation engaged in the business of (i) purchasing secondhand precious metals or gems; (ii) removing in any manner precious metals or gems from manufactured articles not then owned by the person, firm, partnership, or corporation; or (iii) buying, acquiring, or selling precious metals or gems removed from manufactured articles. “Dealer” includes all employers and principals on whose behalf a purchase is made, and any employee or agent who makes any purchase for or on behalf of his employer or principal.\n\t\tThe definition of “dealer” shall not include persons engaged in the following:\n\n1\n\nPurchases of precious metals or gems directly from other dealers, manufacturers, or wholesalers for retail or wholesale inventories, provided that the selling dealer has complied with the provisions of this chapter.2\n\nPurchases of precious metals or gems from a qualified fiduciary who is disposing of the assets of an estate being administered by the fiduciary.3\n\nAcceptance by a retail merchant of trade-in merchandise previously sold by the retail merchant to the person presenting that merchandise for trade-in.4\n\nRepairing, restoring or designing jewelry by a retail merchant, if such activities are within his normal course of business.5\n\nPurchases of precious metals or gems by industrial refiners and manufacturers, insofar as such purchases are made directly from retail merchants, wholesalers, dealers, or by mail originating outside the Commonwealth.6\n\nPersons regularly engaged in the business of purchasing and processing nonprecious scrap metals which incidentally may contain traces of precious metals recoverable as a by-product.\n\t\t\t“Gems” means any item containing precious or semiprecious stones customarily used in jewelry.\n\t\t\t“Precious metals” means any item except coins composed in whole or in part of gold, silver, platinum, or platinum alloys.","order_by":null,"text":{"0":{"id":252067,"text":"For the purposes of this chapter, unless the context requires a different meaning:\n\t\t“Coin” means any piece of gold, silver or other metal fashioned into a prescribed shape, weight and degree of fineness, stamped by authority of a government with certain marks and devices, and having a certain fixed value as money.\n\t\t“Dealer” means any person, firm, partnership, or corporation engaged in the business of (i) purchasing secondhand precious metals or gems; (ii) removing in any manner precious metals or gems from manufactured articles not then owned by the person, firm, partnership, or corporation; or (iii) buying, acquiring, or selling precious metals or gems removed from manufactured articles. “Dealer” includes all employers and principals on whose behalf a purchase is made, and any employee or agent who makes any purchase for or on behalf of his employer or principal.\n\t\tThe definition of “dealer” shall not include persons engaged in the following:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":252068,"text":"Purchases of precious metals or gems directly from other dealers, manufacturers, or wholesalers for retail or wholesale inventories, provided that the selling dealer has complied with the provisions of this chapter.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":252069,"text":"Purchases of precious metals or gems from a qualified fiduciary who is disposing of the assets of an estate being administered by the fiduciary.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":252070,"text":"Acceptance by a retail merchant of trade-in merchandise previously sold by the retail merchant to the person presenting that merchandise for trade-in.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":252071,"text":"Repairing, restoring or designing jewelry by a retail merchant, if such activities are within his normal course of business.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":252072,"text":"Purchases of precious metals or gems by industrial refiners and manufacturers, insofar as such purchases are made directly from retail merchants, wholesalers, dealers, or by mail originating outside the Commonwealth.","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":252073,"text":"Persons regularly engaged in the business of purchasing and processing nonprecious scrap metals which incidentally may contain traces of precious metals recoverable as a by-product.\n\t\t\t“Gems” means any item containing precious or semiprecious stones customarily used in jewelry.\n\t\t\t“Precious metals” means any item except coins composed in whole or in part of gold, silver, platinum, or platinum alloys.","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5"}},"ancestry":[{"id":14670,"edition_id":1,"name":"Precious Metals Dealers","identifier":"41","label":"chapter","depth":3,"order_by":1,"parent_id":13011,"metadata":{},"date_created":"2026-06-26 03:49:15","date_modified":"2026-06-26 03:49:15","permalink":{"id":244523,"object_type":"structure","relational_id":14670,"identifier":"41","token":"54.1\/V\/41","url":"\/54.1\/V\/41\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13011,"edition_id":1,"name":"Occupations Regulated by Local Governing Bodies","identifier":"V","label":"subtitle","depth":2,"order_by":1,"parent_id":12754,"metadata":{},"date_created":"2026-06-26 03:44:08","date_modified":"2026-06-26 03:44:08","permalink":{"id":244463,"object_type":"structure","relational_id":13011,"identifier":"V","token":"54.1\/V","url":"\/54.1\/V\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12754,"edition_id":1,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239313,"object_type":"structure","relational_id":12754,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":69734,"structure_id":14670,"section_number":"54.1-4100","catch_line":"Definitions","url":"\/54.1-4100\/","token":"54.1\/V\/41\/54.1-4100","metadata":false},{"id":85357,"structure_id":14670,"section_number":"54.1-4101","catch_line":"Records to be kept; copy furnished to local authorities","url":"\/54.1-4101\/","token":"54.1\/V\/41\/54.1-4101","metadata":false},{"id":76346,"structure_id":14670,"section_number":"54.1-4101.1","catch_line":"Officers may examine records or property; warrantless search and seizure authorized","url":"\/54.1-4101.1\/","token":"54.1\/V\/41\/54.1-4101.1","metadata":false},{"id":68928,"structure_id":14670,"section_number":"54.1-4102","catch_line":"Credentials and statement of ownership required from seller","url":"\/54.1-4102\/","token":"54.1\/V\/41\/54.1-4102","metadata":false},{"id":68285,"structure_id":14670,"section_number":"54.1-4103","catch_line":"Prohibited purchases","url":"\/54.1-4103\/","token":"54.1\/V\/41\/54.1-4103","metadata":false},{"id":78174,"structure_id":14670,"section_number":"54.1-4104","catch_line":"Dealer to retain purchases","url":"\/54.1-4104\/","token":"54.1\/V\/41\/54.1-4104","metadata":false},{"id":57807,"structure_id":14670,"section_number":"54.1-4105","catch_line":"Record of disposition","url":"\/54.1-4105\/","token":"54.1\/V\/41\/54.1-4105","metadata":false},{"id":62518,"structure_id":14670,"section_number":"54.1-4106","catch_line":"Bond or letter of credit required of dealers when permit obtained","url":"\/54.1-4106\/","token":"54.1\/V\/41\/54.1-4106","metadata":false},{"id":81675,"structure_id":14670,"section_number":"54.1-4107","catch_line":"Private action on bond or letter of credit","url":"\/54.1-4107\/","token":"54.1\/V\/41\/54.1-4107","metadata":false},{"id":61068,"structure_id":14670,"section_number":"54.1-4108","catch_line":"Permit required; method of obtaining permit; no convictions of certain crimes; approval of weighing devices; renewal; permanent location required","url":"\/54.1-4108\/","token":"54.1\/V\/41\/54.1-4108","metadata":false},{"id":56271,"structure_id":14670,"section_number":"54.1-4109","catch_line":"Exemptions from chapter","url":"\/54.1-4109\/","token":"54.1\/V\/41\/54.1-4109","metadata":false},{"id":86215,"structure_id":14670,"section_number":"54.1-4110","catch_line":"Penalties; first and subsequent offenses","url":"\/54.1-4110\/","token":"54.1\/V\/41\/54.1-4110","metadata":false},{"id":75631,"structure_id":14670,"section_number":"54.1-4111","catch_line":"Local ordinances","url":"\/54.1-4111\/","token":"54.1\/V\/41\/54.1-4111","metadata":false}],"next_section":{"id":85357,"structure_id":14670,"section_number":"54.1-4101","catch_line":"Records to be kept; copy furnished to local authorities","url":"\/54.1-4101\/","token":"54.1\/V\/41\/54.1-4101","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-4100\/","history_text":"

This law was first created in 1981. The record of its establishment is cataloged in chapter 581 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1981 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1988, chapter 765.<\/p>","references":[{"id":61068,"section_number":"54.1-4108","catch_line":"Permit required; method of obtaining permit; no convictions of certain crimes; approval of weighing devices; renewal; permanent location required","order_by":null,"url":"\/54.1-4108\/"}],"refers_to":false,"permalink":{"id":244525,"object_type":"law","relational_id":69734,"identifier":"54.1-4100","token":"54.1\/V\/41\/54.1-4100","url":"\/54.1-4100\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/54.1-4100\/","token":"54.1\/V\/41\/54.1-4100","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-4100","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

For the purposes of this chapter, unless the context requires a different meaning:\n\t\t“Coin<\/span>” means any piece of gold, silver or other metal fashioned into a prescribed shape, weight and degree of fineness, stamped by authority of a government with certain marks and devices, and having a certain fixed value as money.\n\t\t“Dealer<\/span>” means any person, firm, partnership, or corporation engaged in the business of (i) purchasing secondhand precious metals<\/span> or gems<\/span>; (ii) removing in any manner precious metals<\/span> or gems<\/span> from manufactured articles not then owned by the person, firm, partnership, or corporation; or (iii) buying, acquiring, or selling precious metals<\/span> or gems<\/span> removed from manufactured articles. “Dealer<\/span>” includes all employers and principals on whose behalf a purchase is made, and any employee or agent who makes any purchase for or on behalf of his employer or principal.\n\t\tThe definition of “dealer<\/span>” shall not include persons engaged in the following:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Purchases of precious metals<\/span> or gems<\/span> directly from other dealers<\/span>, manufacturers, or wholesalers for retail or wholesale inventories, provided that the selling dealer<\/span> has complied with the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Purchases of precious metals<\/span> or gems<\/span> from a qualified fiduciary who is disposing of the assets<\/span> of an estate being administered by the fiduciary. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Acceptance by a retail merchant of trade-in merchandise previously sold by the retail merchant to the person presenting that merchandise for trade-in. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Repairing, restoring or designing jewelry by a retail merchant, if such activities are within his normal course of business. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Purchases of precious metals<\/span> or gems<\/span> by industrial refiners and manufacturers, insofar as such purchases are made directly from retail merchants, wholesalers, dealers<\/span>, or by mail originating outside the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Persons regularly engaged in the business of purchasing and processing nonprecious scrap metals which incidentally may contain traces of precious metals<\/span> recoverable as a by-product.\n\t\t\t“Gems<\/span>” means any item containing precious or semiprecious stones customarily used in jewelry.\n\t\t\t“Precious metals<\/span>” means any item except coins<\/span> composed in whole or in part of gold, silver, platinum, or platinum alloys. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 54.1-4100)\n\nFor the purposes of this chapter, unless the context requires a different\nmeaning:\n\t\t“Coin” means any piece of gold, silver or other metal fashioned\ninto a prescribed shape, weight and degree of fineness, stamped by authority of\na government with certain marks and devices, and having a certain fixed value as\nmoney.\n\t\t“Dealer” means any person, firm, partnership, or corporation\nengaged in the business of (i) purchasing secondhand precious metals or gems;\n(ii) removing in any manner precious metals or gems from manufactured articles\nnot then owned by the person, firm, partnership, or corporation; or (iii)\nbuying, acquiring, or selling precious metals or gems removed from manufactured\narticles. “Dealer” includes all employers and principals on whose\nbehalf a purchase is made, and any employee or agent who makes any purchase for\nor on behalf of his employer or principal.\n\t\tThe definition of “dealer” shall not include persons engaged in\nthe following:\n\n1. Purchases of precious metals or gems directly from other dealers,\nmanufacturers, or wholesalers for retail or wholesale inventories, provided that\nthe selling dealer has complied with the provisions of this chapter.\n\n2. Purchases of precious metals or gems from a qualified fiduciary who is\ndisposing of the assets of an estate being administered by the fiduciary.\n\n3. Acceptance by a retail merchant of trade-in merchandise previously sold by\nthe retail merchant to the person presenting that merchandise for trade-in.\n\n4. Repairing, restoring or designing jewelry by a retail merchant, if such\nactivities are within his normal course of business.\n\n5. Purchases of precious metals or gems by industrial refiners and\nmanufacturers, insofar as such purchases are made directly from retail\nmerchants, wholesalers, dealers, or by mail originating outside the\nCommonwealth.\n\n6. Persons regularly engaged in the business of purchasing and processing\nnonprecious scrap metals which incidentally may contain traces of precious\nmetals recoverable as a by-product.\n\t\t\t“Gems” means any item containing precious or semiprecious stones\ncustomarily used in jewelry.\n\t\t\t“Precious metals” means any item except coins composed in whole\nor in part of gold, silver, platinum, or platinum alloys.\n\nHISTORY: 1981, c. 581, \u00a7 54-859.15; 1988, c. 765.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}