Valuable metals dealer bond cost
Precious metal dealer bonds are required by the State of New Jersey in the amount of $5,000. Get a New Jersey precious metals dealer bond for the low price of $100 when you work with surety bonds! Since there’s no credit check required, everyone qualifies for the same low rate.
Why 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.
Valuable metals dealer bond details
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. Each bond will have a 1-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.
Apply for your surety bond
Get a FREE Metal Dealer Bond Quote Today! Click here to begin