Section 40-54-100 - Exempt transactionsThis chapter shall not apply to the following specific transactions:
(1) a transaction between dealers of precious metals where the selling dealer has already complied with the applicable holding period, nor shall they apply to transactions between coin dealers and coin collectors occurring at regularly scheduled numismatic conventions. However, this exemption only applies to transactions between coin dealers and coin collectors occurring at regularly scheduled numismatic conventions for the purchase of coins;(2) the purchase of manufactured items bought directly from the manufacturer or his authorized representatives;(3) the purchase of bulk precious metals brought directly from the commodity exchanges, banks, dealers or licensed brokers; and(4) the use of a coin strictly as legal tender.Amended by 2014 S.C. Acts, Act No. 292 (HB 3149), s 6, eff. 6/23/2014.1981 Act No. 147 Section 1.