Michigan Compiled Laws

Mich. Comp. Laws § 445.481 (2026)

Short title.

✓ current as of July 2026

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THE PRECIOUS METAL AND GEM DEALER ACT

Act 95 of 1981

445.481 Short title.

Sec. 1.

This act shall be known and may be cited as "the precious metal and gem dealer act".

History: 1981, Act 95, Eff. Sept. 11, 1981

Notes of Decisions

Cited in 3 cases, 1986–2018 · leading case: Liberty Coins v. David Goodman, 880 F.3d 274 (6th Cir. 2018).

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Liberty Coins v. David Goodman, 880 F.3d 274 (6th Cir. 2018). “-, Mich. Comp. Laws § 445.481 et seq. In sum, Burger fully supports the conclusion that precious metals dealing is a closely regulated industry.”

People v. Hock Shop Inc., 681 N.W.2d 669 (Mich. Ct. App. 2004). “Similarly, in People v King Tut, 152 Mich App 249 ; 394 NW2d 30 (1986), three defendants were charged with two counts of violating the Precious Metal and Gem Dealer Act, MCL 445.481 et seq. Defendant King Tut, was the assumed business name of defendant Marc Levise, who was…”

People v. King Tut, 394 N.W.2d 30 (Mich. Ct. App. 1986). “In this case, the prosecution appeals from an order quashing an information which charged defendant, King Tut, with violation of the Precious Metal and Gem Dealer Act, MCL 445.481 et seq.; MSA 19.720(1) et seq.”

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