The Township of Ocean, New Jersey (Monmouth County) requires secondhand dealers — including dealers in precious metals and other secondhand goods — to be licensed and bonded before they buy, sell, or trade used property inside the township. The Township Clerk's office sets the required bond amount; premiums cost 1% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
















No long underwriting queue for the standard secondhand dealer bond — enter your amount, pay, and file with the Township Clerk. Here is the whole thing:
Your business details, the bond amount your license requires, and the effective date — plus a one-time consent to a soft credit pull.
The application collects no credit information, and most applications approve instantly at 1% of the bond amount, $100 minimum. If a check ever runs, it is a soft pull that never affects your score.
Submit the executed bond with your secondhand dealer / precious metals dealer license application. Wet-ink originals mailed whenever the township insists on them.
New Jersey municipalities license secondhand dealers and dealers in precious metals at the local level, and the Township of Ocean conditions its license on a surety bond. The bond is a consumer-protection and law-enforcement guarantee: it stands behind your compliance with the township's recordkeeping and reporting rules, which exist to help police recover stolen property that passes through secondhand dealers.
It is a three-party arrangement: you (the principal), the surety carrier standing behind you, and the Township of Ocean (the obligee), with residents and crime victims as the protected parties. If a licensed dealer violates the township's secondhand-goods ordinance — for example by failing to maintain required transaction records or by dealing in property it knew or should have known was stolen — a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Dealers who keep clean records and deal honestly treat the bond as a licensing formality. We price the bond at 1% of the amount your license application requires, with a $100 minimum and no credit information collected.
These are the actual underwriting fields, including the bond amount your license requires and a one-time consent to a soft credit pull. The pull never affects your score, and your price — 1% of the bond amount, $100 minimum — is set at application.
Start the application →Enter the bond amount your license requires and see your exact price — 1% of the bond amount, $100 minimum. Free until issued.