Section 110-RICR-20-00-1.9 - Exemption from LicensingA. Dealers in coins purchased for numismatic value, rather than metal content, are exempt from licensing. Prices paid for such precious metal coins must be based on book value of numismatic worth. Purchase of coins for metal content is a violation of the statute and such buyers are subject to prosecution as unlicensed precious metals dealers.B. Jewelry manufacturers purchasing precious metals directly from trade suppliers are exempt from licensing. Jewelry manufacturers buying previous metals from the general public are subject to licensing.C. Applications for exemption will be made directly to the Department of Attorney General, Precious Metals Unit, 150 South Main Street, Providence, RI 02903.110 R.I. Code R. 110-RICR-20-00-1.9