1. 'Commodity' means, except as otherwise provided in subsection 2 or specified by the Administrator by regulation or order: (a) Any agricultural, grain or livestock product or by-product; (b) Any metal or mineral, including a precious metal; (c) Any gem or gemstone whether characterized as precious, semiprecious or otherwise; (d) Any fuel, whether liquid, gaseous or otherwise; (e) Any foreign currency; and (f) All other goods, articles, products or items of any kind. 2. 'Commodity' does not include: (a) A numismatic coin whose fair market value is at least 15 percent higher than the value of the metal it contains; (b) Real property or any timber, agricultural or livestock product grown or raised on real property and offered or sold by the owner or lessee of such real property; or (c) Any work of art offered or sold by art dealers, at public auction or offered or sold through a private sale by the owner thereof. (Added to NRS by 1987, 1282)
Nevada Legal Code