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 check.
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How much does a Chesapeake precious metals dealer bond cost?
$100 at the $10,000 amount, the same for every applicant.
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 is the application. No credit check.
Pay & e-sign
Small fixed license bonds like this are among the thousands of bond types that issue right after purchase.
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
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 $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
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 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 sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Virginia bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Chesapeake dealer permit today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.