OH precious metals dealer bonds.
$100 flat.
Ohio requires a precious metals dealer to either maintain a $10,000 net worth or post a $10,000 surety bond to qualify for a license from the Division of Financial Institutions under R.C. 4728.03 — most dealers pick the bond. Ours is $100 flat, and the price you see is the checkout price. The application collects no credit information.
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Three steps. One sitting.
A precious metals dealer bond filing is about the simplest thing in surety. Here's the entire process:
Apply online
Business details, ownership, and an effective date. That's the application — no financial statements, 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 through NMLS
Your executed bond and power of attorney arrive by email, ready to file through NMLS with the Division of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Ohio licenses precious metals dealers — businesses that buy, sell, or trade gold, silver, platinum, and similar items — through the Division of Financial Institutions within the Department of Commerce. R.C. 4728.03 conditions licensure on financial responsibility: an applicant must show a $10,000 net worth, or in the alternative, obtain a corporate surety bond of not less than $10,000, payable to any person injured by a violation of the chapter, and to the state for the benefit of any person so injured.
It's a three-party arrangement: you (the principal), the surety carrier, and the protected party is anyone harmed by a violation of R.C. Chapter 4728 — customers who sell or pawn precious metals to a licensed dealer. If a dealer violates the chapter's requirements and a person is injured as a result, that person (or, for the state's benefit, the Division) can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. A dealer who files the bond is exempt from the ongoing net-worth requirement, but must keep the bond in force for at least two years after ceasing precious metals dealer business in Ohio, so we track it and notify you ahead of renewal.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — this application doesn't collect credit information.
Start the application →Common questions.
Other Ohio bonds.
Finish your Division of Financial Institutions filing today.
$100 flat, no credit information collected, bond often issued in the same sitting. Free until issued.