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Virginia Precious Metals and Gem Dealer Bond

The Virginia precious metals and gem dealer bond is required by the Commonwealth of Virginia. Additionally, local cities and towns within the Commonwealth may have their own surety bond requirement. AmeriPro Surety Bonds provides both surety bonds: 844-589-9732.

Virginia Precious Metals and Gem Dealer Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Precious Metals & Gem Dealers – Virginia

 

 

 

Precious metals and gem dealers in Virginia are statutorily required to secure a surety bond. AmeriPro Surety Bonds provides you with the precious metals dealer bond as required, both as a new surety bond and a renewal surety bond.

 

 

 

Virginia Precious Metals and Gem Dealer Bond: Amount Required and Cost

 

 

 

According to § 54.1-4106 of the Virginia Code, precious metals and gem dealers are required to furnish a $10,000 surety bond in order to lawfully operate.

Additionally, according to the same statute, Virginia cities and towns are also permitted to issue their own surety bond required in addition to the requirement of the Commonwealth.

For a $10,000 surety bond, after a surety application, a candidate will typically pay about 1% annually for this bond.

The precious metals surety bond may also have a credit check involved which may be a determinate for pricing.

 

 

 

The Surety Bond’s Duration

 

 

 

The Virginia precious metals and gem dealer bond will be active for one year from the date of issuance; thereafter the bond is renewed.

Options may sometimes exist to prepay the precious metals surety bond for a period of several years. When such options are available, typically, a small savings is offered vis-a-vis the annual renewal premium.

 

 

 

The Purpose of this Surety Bond

 

 

 

The purpose of this surety bond is a financial guarantee in favor of the Commonwealth that a licensed dealer will be in compliance with all laws and regulations involved in handling precious metals.

The protections afforded the public by this bond also extend to any wrongdoings committed by employees, agents, and managers of a precious metals dealer; such persons are also included in your surety bond.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout Virginia.

Our agency also provides surety bonds nationwide. Please call AmeriPro Surety Bonds today at:

 

 

 

844-589-9732

 

 

 

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

 

 

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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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