City of Duluth precious metals bonds.
$275 flat. Soft pull.
A precious metals dealer license in Duluth requires a fixed $2,000 bond filed with the City of Duluth. At a flat 3% that lands at our $275 minimum — the same for every dealer. One soft credit pull, e-signed in 1–2 business days.
Trusted by industry leaders
Three steps to licensed.
A Duluth precious metals dealer bond is about as simple as surety gets. Here's the whole process:
Apply once, online
Business details, owner information, effective date — plus a one-time consent to a soft credit pull. That is the application.
Reviewed & approved
Most clear quickly; if underwriting needs anything, an underwriter reaches out within 48 hours. The soft pull never affects your score.
File with the City Clerk
Receive the executed $2,000 bond ready to file with your Duluth precious metals dealer license application. Wet-ink originals mailed on request.
The whole pricing page.
$2,000 bond × 3% = $60, below our $275 minimum, so $275 one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the precious metals dealer bond guarantees
The City of Duluth licenses precious metals dealers — businesses that buy and sell gold, silver, and other precious metals from the public — and conditions the license on a $2,000 surety bond. Because these dealers handle valuables that can be lost or stolen property, the City wants a financial backstop standing behind the dealer's compliance with the licensing ordinance.
The bond is a consumer-and-public-protection guarantee running to the City of Duluth: it stands behind your honest dealing, your recordkeeping and reporting obligations, and your compliance with the dealer ordinance. If you violate those terms and someone is harmed, they can recover against the bond.
It's a three-party arrangement — you (the principal), the surety carrier, and the City of Duluth (the obligee). It is not insurance for you: if the surety pays a claim, you repay the surety.
You need this bond if you are
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your $2,000 bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Duluth precious metals dealer bond? +
Do I pay the $2,000? +
Who requires this bond? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
Finish your Duluth license checklist today.
$275 flat, five-minute application, e-signed $2,000 bond in 1–2 business days. Soft pull only.