Minneapolis precious metal dealer bonds.
Flat 3%. Five minutes.
The City of Minneapolis requires a license bond of precious metal dealers — businesses that buy gold, silver, and jewelry from the public. We price it at a flat 3% of the bond amount the City sets, with a $275 minimum. The application is five minutes, and license bonds like this are the fastest thing we issue.
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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 section.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
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.
The whole pricing page.
Premium = bond amount × 3%, $275 minimum. You enter the amount the City requires on your precious metal dealer license.
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
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Minneapolis precious metal dealer bond? +
What bond amount does the City require? +
How fast will I have the bond? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
Finish your Minneapolis dealer license checklist today.
Flat 3%, $275 minimum, five-minute application, bond often issued in the same sitting. Free until issued.