IC 24-4-19-6: "Precious metal"

Sec. 6. (a) As used in this chapter, "precious metal" means:

(1) used jewelry; and

(2) other used articles of personal property that:

(A) are made of gold, silver, or platinum; and

(B) were previously purchased at retail, acquired by gift, or obtained in some other fashion by a consumer.

(b) The term does not include:

(1) mint issued coins;

(2) ingots; or

(3) industrial residue or byproducts that contain gold, silver, or platinum purchased from manufacturing firms.