Located between New York and Pennsylvania, New Jersey is often considered to be a bedroom community for commuters working in New York City or Philadelphia. It is the most densely populated state, and the third-wealthiest U.S. state by median household income. New Jersey has the highest percentage of millionaire households in the country.
Bullion Sales Tax in New Jersey
Within the state of New Jersey, there is sales tax on purchases of coins, paper currency, precious metals, and other numismatic collectibles. State law does not have any exemptions for such items, whether purchased as collectibles or for investment purposes.
In New Jersey, the state sales tax rate is currently 7%, and there are no additional local or county sales taxes (http://www.state.nj.us/treasury/taxation/salestax.shtml). Despite this relatively high tax rate, there are a number of highly regarded New Jersey coin shops serving investors from New Jersey and neighboring states.
JM Bullion, being an out of state retailer, does NOT have to charge sales tax to New Jersey residents. Browse our selection of tax-free gold and silver products. Please note that we are not tax experts, and individuals may be liable to pay local Use tax.
Local Gold and Silver Dealers in NJ
If you are looking for coin shops in specific cities located in the state of New Jersey be sure to check out our other local directory pages:
Below is a list of local precious metals dealers in New Jersey, including directions to each local shop.
Colonial Valley Coins
Colonial Valley coins specializes in U.S. and Canadian coins, including state quarters, mint and proof sets, modern commemorative issues, and type coins. They also carry American Eagles, gold coins, and foreign coins.
Colonial Valley offers free appraisals and buys single coins and collections. CVC carries coin collecting supplies and most modern U.S. Mint products.
4343 South Broad Street
Hamilton, New Jersey 08620
Monmouth Stamp and Coin Shop
Monmouth Stamp and Coin carries U.S. and world coins, currency, and stamps, along with ancient coins, postcards, sports cards, and collecting supplies. Their coin selection ranges from colonial to modern U.S. commemoratives; they also carry gold and silver coins, though the focus is on numismatic collectibles rather than bullion.
Monmouth’s 2,500 square foot showroom offers an expansive inventory suited to beginning or experienced collectors alike. Monmouth Stamp and Coin offers collecting advice and appraisals.
39 Monmouth Street
Red Bank, NJ 07701
American Coin and Stamp
Founded in 1955, American Coin and Stamp is the oldest and largest coin dealer in New Jersey. They specialize in rare coins, gold, and silver, and carry American Eagles, South African Krugerrands, and Canadian Maple Leafs, along with privately minted gold and silver from Engelhard, Johnson Matthey, PAMP Suisse, and other top mints.
American Coin and Stamp also stocks bags of 90% silver US coinage, silver dollars and quarters, and other U.S. coinage. They buy scrap gold and offer verbal and certified appraisals, as well as PCGS and NGC grading submission services.
1273 Main Avenue
Clifton, NJ 07011
Central Jersey Rare Coins
Founded in 1981, Central Jersey Rare Coins stocks a wide array of U.S. coinage, silver dollars, rare foreign coins, paper currency, and precious metal bullion. They specialize in investment-grade coins, and offer coin collecting supplies, NGC and PCGS grading submission services, and free written appraisals.
Central Jersey Rare Coins buys scrap gold, and carries gold and silver bullion in bars, rounds, American Eagles, Canadian Maple Leafs, South African Krugerrands, and 90% silver U.S. coinage.
423 West Union Ave.
Bound Brook, NJ 08805
Ridgewood Coin & Stamp
Ridgewood Coin & Stamp buys coins, stamps, and scrap gold from individuals. They deal in U.S. paper currency, mint and proof sets, coin and stamp collections, and gold, silver, and platinum bullion. Because their inventory comes from individuals, the selection is constantly changes. With more than four decades of coin collecting experience, the owner of Ridgewood Coin & Stamp strives to keep the shop’s prices always up-to-date with market changes.
17 Chestnut Street, Suite 1
Ridgewood, NJ 07450
Stone House Coin Shop
Stone House Coin Shop is a family-owned New Jersey coin dealer in business for more than four decades. Though this shop has little internet presence, they are known for offering low prices on gold and silver bullion. In particular, Stone House Coin Shop caters to dealers, with wholesale-level pricing for bulk buys. They also purchase gold and silver from individuals, and offer rare and collectible coins for sale.
401 Park Ave
Scotch Plains, NJ 07076
Local Gold and Silver Mints in NJ
Also browse the gold and silver mints local to New Jersey. Some of these mints offer retail products, while others are wholesale only.
Engelhard, established in New Jersey in 1902, was once one of the country’s best-regarded precious metal mints. Throughout the 1970s and 1980s, Engelhard minted top-quality silver and gold rounds and bars. They have since been purchased by a German corporation, and no longer produce bullion bars, though their bullion remains regarded as some of the finest quality ever produced, and typically commands a premium on the secondary market.
Engelhard minted one ounce silver rounds, as well as silver bars in 1, 10, and 100 ounce sizes, and gold bars and rounds ranging from 1 gram to 1 troy ounce. Each item carried either the Engelhard ‘E’ logo in a globe, or an image of a gold prospector.
Thank you for reading our guide to gold and silver buying in New Jersey. If you know of any other coin or bullion shops in NJ, please contact us so we can update our directory.