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Ohio Revised Code

Ohio Rev. Code § 4728.02 (2026)

License requirements

✓ current as of May 2026
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Effective:
September 26, 1996
Latest Legislation:
Senate Bill 293 - 121st General Assembly
PDF:
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(A) Except as provided in division (B) of this section, no person shall act as a precious metals dealer without first having obtained a license from the division of financial institutions in the department of commerce.

(B) Notwithstanding any provision in this chapter to the contrary, a person holding a license as a pawnbroker pursuant to Chapter 4727. of the Revised Code may act as a precious metals dealer without being separately licensed pursuant to this chapter. Pawnbrokers are subject to all the requirements imposed upon the conduct of persons holding a regular precious metals dealer's license with respect to any articles that the pawnbroker purchases made of or containing gold, silver, platinum, or other precious metals or jewels of any description.
Notes of Decisions
Cited in 2 cases, 2012–2014 · leading case: Liberty Coins v. David Goodman, 748 F.3d 682 (6th Cir. 2014).
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Liberty Coins v. David Goodman, 748 F.3d 682 (6th Cir. 2014). “” Ohio Rev.Code Ann. § 4728.02 (West 2014).”
Liberty Coins, LLC v. Goodman, 977 F. Supp. 2d 783 (S.D. Ohio 2012). · cites it 4× “Having determined that only those who engage in commercial speech meet the definition of precious metals dealers, it follows that only those who engage in commercial speech are “acting” as precious metals dealers such that they are the only ones *793 subject to the licensing…”
— Ohio Rev. Code § 4728.02(A) — 1 case
Liberty Coins, LLC v. Goodman, 977 F. Supp. 2d 783 (S.D. Ohio 2012). “Having determined that only those who engage in commercial speech meet the definition of precious metals dealers, it follows that only those who engage in commercial speech are “acting” as precious metals dealers such that they are the only ones *793 subject to the licensing…”
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