New York Precious Metals and Gems Dealer Bonds
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What Are New York Precious Metals and Gems Dealer Bonds?
New York precious metals and gems dealer bonds ensure that dealers follow government regulations and operate honestly. They protect government entities and consumers from financial harm if a gems dealer is fraudulent or noncompliant with licensing laws.
How Much Do Precious Metals and Gems Dealer Bonds Cost in New York?
New York precious metals and gems dealer bonds cost a flat rate of $100–$175 for all applicants depending the location and bond type:
- The Nassau County secondhand hand precious metals and gems dealer bond costs $100 for a one-year term with $5,000 in coverage.
- The Suffolk County precious metal dealer bond costs $175 for a two-year term with $5,000 in coverage.
Select the bond you need below to buy your bond instantly online.
SuretyBonds.com does not charge any additional brokerage fees.
Who Needs a Precious Metals and Gems Dealer Bond in New York?
New York has the following surety bond requirements for precious metals and gems dealers:
- Suffolk County Precious Metal Dealer Bond
- Nassau County Second Hand Precious Metal and Gem Dealer License Bond
These bonds are required in Suffolk and Nassau Counties as a part of the licensing process to provide a financial guarantee that you will follow government regulations. If you violate the bond terms, the surety provider will compensate the claimant up to the full bond amount.
How Do I Apply for a New York Gems Dealer Bond?
With SuretyBonds.com, you can get your New York precious metals and gems dealer bond in minutes:
- Select the bond you need.
- Checkout instantly online.
- Receive your bond documentation via email.
Once you receive your bond, file it with the local government licensing agency to become officially bonded.
How to Renew Your Precious Metals and Gem Dealer Bond?
New York precious metals and gems dealer bonds require renewal every one or two years, depending on the bond type. If you purchased your bond from SuretyBonds.com, we’ll send you a renewal invoice and instructions to keep your bond active before it expires.
Have Questions?
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