Minneapolis precious metal dealer bonds.
From $100.
The City of Minneapolis requires a license bond of precious metal dealers — businesses that buy gold, silver, and jewelry from the public. The premium is 1% of the bond amount the City sets, $100 minimum. The bond issues the moment you pay — no credit check up to $25,000.
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How much does a Minneapolis precious metal dealer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details, the bond amount the City requires, and an effective date. No financials, no credit check up to $25,000.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase.
File with Minneapolis
Your executed bond renews on the City's statutory date (12/01). It arrives by email, ready to file with the City of Minneapolis Business Licensing division. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A Minneapolis precious metal dealer bond is a compliance guarantee to the City. It promises that when you buy gold, silver, and jewelry from the public, you'll follow the city's dealer ordinance — proper recordkeeping, holding periods, and reporting to police to deter trafficking in stolen goods.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Minneapolis (the obligee). If you violate the dealer ordinance or a customer is harmed by a violation, the City or that party can recover against the bond.
The bond renews on the City's statutory date (12/01). Let it lapse and the City can suspend your dealer license — so we track it and notify you 60 and 30 days out, keeping your filing continuous.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 1 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 1, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Minneapolis. Your executed bond renews on the City's statutory date (12/01). It arrives by email, ready to file with the City of Minneapolis Business Licensing division. Wet-ink original mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $25,000.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Minneapolis dealer license checklist today.
From $100, no credit check up to $25,000, bond often issued in the same sitting. Free until issued.