Corporations and LLCs registered as bullion product dealers in Minnesota must obtain this bond. Bullion product dealers are businesses that buy, sell, solicit, or market bullion coins or investments in bullion coins to consumers, where the business is incorporated or registered in Minnesota or conducts transactions with Minnesota residents. The bond is requ…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMNBond amountVaries by license type or projectObligeeState of MinnesotaBond classLicense BondCategoryOtherBondBullion Product Dealer- Corporation/LLCPlain descriptionPrecious Metals DealerWho needs this bondCorporations and LLCs registered as bullion product dealers in Minnesota must obtain this bond. Bullion product dealers are businesses that buy, sell, solicit, or market bullion coins or investments in bullion coins to …
