New Jersey’s third-most-populous city, Paterson, has a population of 149,000 and has the second-highest density of any city in the country, behind New York City. Because of its silk production during the late 1800s, Paterson was widely known as “Silk City.”
Alexander Hamilton, one of the country’s founding fathers, and the first Secretary of the Treasury, founded the Society for the Establishment of Useful Manufacturers. This group was instrumental in encouraging the harnessing of energy from the Great Falls of the Passaic River to help provide economic freedom from British manufacturing companies. This would eventually help drive the Industrial Revolution later in the century.
Originally formed as a township in 1831, it became incorporated as a city in 1851. Firearm manufacturer Samuel Colt began producing guns, that would famously bear his name, in 1835. During the Industrial Revolution, Paterson became a favorite place for laborers who migrated from Europe to work in the various factories that had sprung up.
Although the city has experienced economic challenges during the transition of residents and shoppers to more suburban areas, Paterson has incorporated Urban Enterprise Zones in certain areas where lower tax rates are imposed rather than the higher state taxes.
Sales Tax in Paterson, NJ
Paterson has a bullion sales tax of 7%, applicable to all purchases of coins and bullion.
Local Gold and Silver Dealers in Paterson
American Coin & Stamp Co., Inc.
American Coin & Stamp Co. is a family-owned shop founded in 1955. They specialize in certified rare coins but also buy single coins and full collections, in addition to offering appraisals and grading submission services.
American Coin offers a comprehensive variety of U.S. and world coins, such as NGC and PCGS certified coins, Morgan silver dollars, Mercury dimes, Buffalo nickels, and pre-1933 U.S. gold coins.
1273 Main Avenue
Clifton, NJ 07011
Bergen Coin Exchange
New Jersey’s oldest full-service coin shop founded in 1949, Bergen Coin Exchange specializes in rare U.S. coins, as well as offers an expansive inventory of bullion, collecting supplies, and paper currency.
The shop also offers appraisals, buys single coins or full collections, and offers gold investment advice. They deal in PCGS and NGC graded coins, silver American Eagles, pre-1964 U.S. silver coins, Morgan silver dollars, foreign gold bullion coins, and more.
464 Market Street
Saddle Brook, NJ 07663
Bergan County Gold & Diamonds
170 Main Street
Lodi, NJ 07644
Crazy Cash for Gold
300 Union Blvd
Totowa, NJ 07512
Go Earth Coins & Collectibles
Specializing in U.S. gold and silver coinage, Go Earth Coins buys and sells all U.S. silver dollars, pre-1933 gold coins, proof and mint sets, PCGS and NGC graded coins, and paper currency. The shop was founded by numismatist Ernie Dimeo and has a reputation for competitive pricing and knowledgeable service.
163 E. Main Street, Suite 276
Little Falls, NJ 07424
Janice & Jack’s Jewelry, Inc.
1055 Hamburg Tpke
Wayne, NJ 07470
Little Falls Coin Exchange
108 Main St
Little Falls, NJ 07424
SG Rare Coins
Founded in 1979 with more than 35 years in the business, SG Rare Coins specializes in gold and silver U.S. coins in addition to PCGS, NGC, and ANACS certified rare coins. SG Rare Coins provides coins in every price range, with their inventory posted online and on eBay. SG Rare Coins is a life member of the American Numismatic Association and a PCGS and NGC authorized dealer.
625 Lafayette Ave
Hawthorne, NJ 07506
We Buy Gold89 River Dr.
Garfield, NJ 07026
Thanks for reading our guide to buying gold and silver bullion and coins in Paterson, NJ. If you know of any other coin or bullion shops in the city of Paterson, please contact us at Metals.com so we can update our directory.