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Glen Cove second hand dealer bonds.
$100 flat.
The City of Glen Cove requires a $10,000 surety bond, approved by the City Attorney, before the City Clerk issues a secondhand dealer license to anyone buying and selling used gold, coins, firearms, cameras or other secondhand goods. City Code § 205-17 fixes the amount. Ours is $100 flat for a term.
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Three steps. One sitting.
License bonds are the simplest thing in surety. Here is the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the City Clerk
Your executed bond and power of attorney arrive by email, ready to file with your license application at the City Clerk’s office for the City Attorney’s approval. Wet-ink original mailed on request.
What it is and who needs it.
What the Glen Cove second hand dealer bond guarantees
Glen Cove regulates the resale trade under Article II of Chapter 205 of its City Code, adopted because the handling of secondhand property had become a concern for police. Section 205-16 makes it unlawful to act as a dealer in secondhand articles without a license, and § 205-11 defines a dealer broadly: anyone who, as principal, broker or agent, deals in the commercial purchase or sale of secondhand articles — including old gold and other precious metals, coins, stamps, currency, firearms, cameras, business machines, musical instruments, outboard motors and electronic equipment — or takes them in as returns, exchanges or credits.
Section 205-17 requires two license holders to furnish a $10,000 bond to the City of Glen Cove, with surety approved by the City Attorney: every dealer securing a general license, conditioned on due observance of the article, and every manager of an antique or unique articles exposition, conditioned on observance of the chapter by the dealers exhibiting at the show. The rules the bond backs are specific — no purchases from anyone the dealer knows to be under 18, no purchases between 10 p.m. and 7 a.m. except by licensed antique dealers, and a 15-business-day hold before reselling most goods (§ 205-23). It is a three-party arrangement: you (the principal), the surety carrier, and the City (the obligee).
Some trade falls outside the article entirely (§ 205-12): automobiles, pianos, books, magazines, rugs, tapestries and fine art; returns and trade-ins of goods you originally sold new; factory-rebuilt merchandise; IRS-exempt thrift shops; and antiques over 50 years old worth under $250 with no identifying marks. A secondhand dealer may not also be a collateral loan broker (pawnbroker), and junk and scrap dealing needs a separate license. It is not insurance for you: if the surety pays the City, you repay the surety.
You need this bond if you’re
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The term is set on the carrier’s application; the premium covers the period shown there.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the City Clerk. Your executed bond and power of attorney arrive by email, ready to file with your license application at the City Clerk’s office for the City Attorney’s approval. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — your business details, entity type and the bond start date. The $10,000 amount is set by the City and already on the form, and there is no credit check.
Start the application →Common questions.
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Get the Glen Cove dealer bond off your license checklist.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.