Precious Metals Dealers - filed with a local city or county
Precious Metals Dealer
Overview
What it is.
Precious Metals Dealer
Who usually needs it
Precious metal dealers in Virginia who purchase and sell secondhand items containing precious metals such as gold, silver, jewelry, and gems from the general public must obtain this $10,000 surety bond as a condition of obtaining their permit from their city or county's local law enforcement agency.
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.
StateVABond amount$10,000ObligeeState of VirginiaBond classLicense BondCategoryOtherBondPrecious Metals Dealers - filed with a local city or countyPlain descriptionPrecious Metals DealerWho needs this bondPrecious metal dealers in Virginia who purchase and sell secondhand items containing precious metals such as gold, silver, jewelry, and gems from the general public must obtain this $10,000 surety bond as a condition of…
