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Minnesota Bullion Coin Dealer Bond

A Minnesota bullion coin dealer bond ranges from a low of $25,000 to $200,000 surety bond amount. Please call AmeriPro Surety Bonds today at 844-589-9732. We work to find you the fairest pricing.

Minnesota Bullion Coin Dealer Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Bullion Dealers – Minnesota

 

 

 

Among other things, bullion coin dealers in Minnesota offer customers the ability to potentially hedge against a fiat currency, our US dollar, which has lost some 94% of its value since the creation of the Federal Reserve in the early years of the 20th century. As a bullion dealer, you offer a product which is rare, industrially useful, and has intrinsic value.

Minnesota state’s Commerce Department regulates the registration and licensing of bullion dealers.

The Department also requires you to obtain a surety bond. The amount of the bond is dependent on the amount of purchases from and sales to customers at a retail location in the state of Minnesota.

Additionally, sole proprietors, LLC’s and corporations, and partnerships, each have their own surety bond form.

 

 

 

Amount of Surety Bond Required – Qualifying –

 

 

 

The amount of the Minnesota bullion coin dealer bond ranges from $25,000 to $200,000. The breakdown of the amount you will be required to purchase is as follows:

  • $25,000 to $200,000 – Surety bond of $25,000
  • $200,000.01 to $500,000 – Surety bond of $50,000
  • $500,000.01 to $1 million – Surety bond of $100,000
  • $1,000,000.01 to $2 million – Surety bond of $150,000
  • More than $2 million (even if by .01) – Surety bond of $200,000.

Qualifying is by means of a standard surety bond application. Our agency can take some of the information from you when you call. We will then provide a partly pre-filled application to you by email, which you will complete and then scan back to our office.

For the larger amounts, you may or may not be asked to provide a non-audited financial statement. If required, our agency will provide you with the form needed.

A standard credit inquiry is the biggest component of the underwriting process.

 

 

 

Premium Amount; Term

 

 

 

The estimated premium is 1% of the bond amount required; however, applicants who don’t qualify may be asked to pay more.

Our agency will work to find you the best surety bond pricing for your situation.

The bond, once issued is active for a period of one year. In most cases, we will be offer to you the ability to prepay your bond for 2 or 3 years. Prepayment of the premium offers you a savings over year to year renewal of the bond amount.

However, no refunds are offered for prepayment and you may wish to consider the adjustment you may need in bond amount at the time of the renewal before prepayment.

 

 

 

The Purpose of Your Surety Bond

 

 

 

The bullion coin dealer bond is a financial guarantee which ensures your compliance with all laws regulating your professional conduct.

While required of you, the bond is for the benefit of Minnesota consumers.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Minnesota.

We also provide surety bonds nationwide.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will call you…

 

Request a Callback

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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