New Jersey Bullion Dealers

New Jersey offers a variety of options for those interested in buying and selling precious metals like silver and gold. From traditional local coin shops and bullion dealers to pawn shops, online platforms, and coin shows, investors have numerous avenues to explore. With its bustling economy and proximity to major markets, New Jersey has a strong network of businesses catering to precious metal investors.

Local Coin Shops and Bullion Dealers

One of New Jersey's best ways to purchase and sell gold and silver is through local coin shops and bullion dealers. These businesses offer face-to-face transactions, the opportunity to inspect precious metals before purchase, and expert advice from knowledgeable professionals. Cities like Newark, Jersey City, and Paterson have well-established local dealers known for their transparency and fair pricing.

Pawn Shops

Pawn shops offer a convenient way to sell precious metals quickly and sometimes purchase them at fair prices. While the premiums on purchases may be slightly higher than those found at coin shops or bullion dealers, the advantage of immediate cash transactions makes them a viable option for some investors. Towns like Elizabeth and Trenton have numerous pawn shops where you can buy and sell precious metals.

Coin Clubs and Shows

New Jersey is home to several coin clubs and shows, which offer investors and collectors a chance to buy, sell, trade, and learn about precious metals in a more social and educational environment. These events often bring together dealers from around the state, offering a more comprehensive selection of rare coins, bullion products, and collectibles.

Online Dealers

For investors seeking convenience, online dealers are an excellent option. These platforms offer competitive pricing and a wide selection of precious metal products. New Jersey investors can easily compare prices, review customer feedback, and have their metals shipped securely to their homes or storage facilities.

Sales Tax in New Jersey

New Jersey does not impose sales tax on the sale of precious metal bullion, including gold, silver, platinum, and palladium, provided the transaction meets certain criteria. Specifically, the sale must be of investment-grade metals and exceed $1,000. This exemption makes New Jersey a favorable state for buying bullion, as investors can avoid additional costs associated with sales tax.

Overall, New Jersey's precious metals market offers a robust network of local dealers that provide a wide array of services, from appraisals and in-person transactions to selling rare coins and scrap metals, making it a popular state for investing in bullion.

Cities like Newark, Jersey City, and Paterson offer local access to coin shops where investors have plenty of options for in-person transactions. This often allows for immediate cash transactions, which can be more convenient than waiting for online payments to process.

Local shops in Elizabeth and Trenton also provide opportunities to sell scrap gold or silver based on its weight and current market prices. Staying informed on the latest precious metal prices is essential, as market conditions can fluctuate rapidly. Some New Jersey retailers, including pawn shops and precious metal refiners, specialize in purchasing scrap metals and offer quick cash deals, which can be especially useful in times of economic uncertainty.