Norfolk precious metals bonds.
$100 flat.
The City of Norfolk requires a fixed $10,000 bond to be permitted as a dealer in precious metals and gems. Our carrier's rate book sets the premium for this bond at a flat $100 — same number for every dealer. The bond issues the moment you pay — no credit check.
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How much does a Norfolk precious metals bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
A fixed-amount dealer permit bond is the simplest thing in surety. Here's the whole process:
Apply online
Your business/trading name, business details, and an effective date. No financials, no credit check.
Pay & e-sign
Dealer permit bonds like this are among the thousands that issue right after purchase.
File with the City of Norfolk
Your executed bond and power of attorney arrive by email, ready to file with your City of Norfolk precious metals dealer permit. 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-and-law-enforcement guarantee. Dealers who buy gold, silver, and gems sit in a spot where stolen property can change hands — the City of Norfolk wants a financial backstop that you'll keep records, hold purchases, and deal honestly.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Norfolk (the obligee). If you violate the conditions of the City's precious metals dealer permit, a harmed party can recover against the $10,000 bond.
Keep the bond active for the life of your permit. Let it lapse and the City can act against the permit — so we track it and notify you 60 and 30 days out, keeping your $10,000 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 of Norfolk. Your executed bond and power of attorney arrive by email, ready to file with your City of Norfolk precious metals dealer permit. 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 Norfolk dealer permit today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.