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New Jersey Precious Metals Dealer Bond

How much will my New Jersey valuable metals dealer bond cost?

Precious metal dealer bonds are required by the State of New Jersey in the amount of $5,000 or $10,000. Get a New Jersey precious metals dealer bond for as little as $100 when you work with SuretyBonds.com!

Bond Type Bond Amount Cost*
$5,000 Precious Metals Dealer Bond $5,000 Starts at $100 Apply Now
$10,000 Precious Metals Dealer Bond $10,000 Starts at $100 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Why do I need this bond?

Precious metal dealer bonds are required by the State of New Jersey. These bonds protect any person injured by a fraudulent act committed by a precious metal dealer. The principal (dealer of precious metals) must comply with all provisions stated in the New Jersey Statutes Annotated. If a principal violates any of the terms of the bond and a consumer is harmed, the surety will initially cover any damages up to the full bond amount.

Get a free, no obligation quote on your New Jersey valuable metals dealer bond. Contact a bond expert today!

What’s the fine print?

The State of New Jersey requires all dealers of precious metals to be bonded. Dealers must purchase a surety bond in the amount of $5,000 or $10,000. Each bond will have a one-year term, which must coincide with the license term. This bond will not be canceled unless the surety files a ‘notice of intention’ with the state 30 days prior to the requested cancellation date.

There is not a specific bond form for New Jersey precious metals dealer bonds, so all bonds should be filed on the generic license and permit bond form.

Ready to get started?

Apply For Your Metal Dealer Bond Now!

Additional Resources

New Jersey Consumer Brief Selling Your Precious Metals & Jewelry

Weights and Measures Statutes Pursuant to New Jersey Statutes Annotated

New Jersey Division of Consumer Affairs: Laws Regarding Precious Metals

New Jersey Department of Law and Safety: Office of Weights & Measures

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