Sole proprietors (individual proprietorships) operating as bullion product dealers in Minnesota who buy, sell, solicit, or market bullion products—defined as coins containing more than one percent by weight of silver, gold, platinum, or other precious metals—to or from consumers in the state, typically with annual Minnesota transactions of $25,000 or more. …
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 Individual ProprietorshipPlain descriptionPrecious Metals DealerWho needs this bondSole proprietors (individual proprietorships) operating as bullion product dealers in Minnesota who buy, sell, solicit, or market bullion products—defined as coins containing more than one percent by weight of silver, g…
