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 review of any kind, not even a soft pull.
Trusted by industry leaders
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 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.
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
One application, issued instantly.
These are the actual issuing fields — no credit section in the application, because this bond doesn't have one.
Start the application →Common questions.
Other Minnesota bonds.
Finish your Minneapolis dealer license checklist today.
From $100, no credit review, bond often issued in the same sitting. Free until issued.