Surety Bonds Ohio:

Precious Metals Dealers

Precious Metals Dealer Bond- A precious metals dealer is defined as someone who participates in the business of purchasing items containing or made of gold, silver, platinum, jewels of any kind, and other precious metals. These dealers then advertise or solicit the general public to purchase these items. This includes Pawnbrokers because they often handle these types of items in their daily business transactions.

The civil code requires precious metal dealer to maintain at least $10,000 in net worth for their license to be valid. The states require a Surety Bond in the amount of $10,000 as proof that the licensee is maintaining the required net worth. The original Surety Bond must be filed with the state department of commerce, and we recommend you keep a copy for your records. The underwriting requirement for this Bond is very simple. Simply fill out the electronic Surety Bond application below.

These Surety Bonds are inexpensive compared to most!