1. (a) As used in this chapter, "precious metal" means:

   1. (1) used jewelry; and

   2. (2) other used articles of personal property that:

      1. (A) are made of gold, silver, or platinum; and
      2. (B) were previously purchased at retail, acquired by gift, or obtained in some other fashion by a consumer.

2. (b) The term does not include:

   1. (1) mint issued coins;
   2. (2) ingots; or
   3. (3) industrial residue or byproducts that contain gold, silver, or platinum purchased from manufacturing firms.

As added by P.L.222-2013, SEC.3.