Chesapeake precious metals dealer bonds.
$100 flat.
The City of Chesapeake requires every dealer who buys precious metals or gems from the public to be permitted and to file a $10,000 surety bond with the City. Ours is $100 flat — the price you see is the checkout price. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
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Three steps. One sitting.
A precious metals dealer bond is one of the simplest things in surety. Here is the entire process:
Apply online
Business details and an effective date. That's the application — no financials, and the form has no credit section to fill out.
Pay & e-sign
Small fixed license bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with the City
Your executed bond and power of attorney arrive by email, ready to file with the City of Chesapeake with your dealer permit application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A precious metals dealer bond is a consumer-protection guarantee. Dealers who buy gold, silver, and gems from the public hold goods that are often later claimed as stolen — the City of Chesapeake wants a financial backstop that you will follow the law, keep required records, and hold purchases for inspection.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Chesapeake (the obligee), with the public as the protected parties. If you violate the dealer ordinance and someone is harmed, they can recover against the $10,000 bond.
The bond must stay active for the life of your permit. Let it lapse and the City can suspend your dealer permit — 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, because this bond's application doesn't collect that information.
Start the application →Common questions.
Other Virginia bonds.
Finish your Chesapeake dealer permit today.
$100 flat, no credit review, bond often issued in the same sitting. Free until issued.