Platinum Bonds Insurance Agency
Research before you apply.Precious Metals Dealer
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
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BBB A+ AccreditedView the agency profilePrecious Metals Dealer
Businesses or individuals licensed as precious metal dealers by the City of Minneapolis who are engaged in buying, selling, or dealing in secondhand precious metals (such as gold, silver, or platinum) within the city. The bond is required as part of the licensing process and ensures compliance with local regulations on secondhand goods handling.
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 depending on the specific bond type, state program, or underwriting requirements.
Your quote determines the actual premium.Issuance timeframe varies by bond type and underwriting
Timing can change when underwriting needs more information.Confirm the bond and provide applicant and business details.
See the terms and premium before deciding to continue.
Complete the required payment and signatures.
Get the issued bond and filing or delivery instructions.
Helpful guidance, a real agency team, and a clear path from research to application.
5.0★★★★★Google reviews“Finally a company that understands what customer service is supposed to be.”
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“My bond application was processed and received very quickly.”
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“I highly recommend you do business with these folks.”
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