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Virginia
Henrico County Precious Metal and Gem Dealer Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $10,000
Term Length: 1 year
Cost: $100
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Henrico County Precious Metals and Gems Dealer Bond Guide

If you’re becoming a precious metals and/or gems dealer in Henrico County, you’ll need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
  • Who Needs It: Dealers or recyclers of precious metals and gems in Henrico County
  • Regulating Body: The Henrico County Police Division Permit Unit
  • Required Coverage: $10,000
  • Premium Rate: $100 for a 1-year term

Learn all about the bond requirements and process in this guide. 

What Is a Henrico County Precious Metals and Gems Dealer Bond?

A Henrico County precious metals and gems dealer bond ensures dealers conduct business ethically and lawfully to protect the public from financial harm.

If a precious metals dealer commits fraud, theft or otherwise breaks their license regulations, the surety will compensate harmed parties.

How Much Do Precious Metals and Gems Dealer Bonds Cost in Henrico County?

A $10,000 Henrico County precious metals dealer bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$10,000Henrico County Precious Metal and Gem Dealer Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Precious Metals and Gems Dealer Bond? 

The Henrico County Police Division Permit Unit requires this bond as part of the licensing process for precious metals and gems dealers in the state.  

Operating outside of Henrico County? Visit our Virginia Precious Metals and Gems Dealer Bond Hub to see all similar bonds in the state. 

How Do I Get My Bond?

With SuretyBonds.com, you can buy your Henrico County precious metals dealer bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file the bond with the county as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Henrico County Precious Metals and Gems Dealer Bond Work? 

As with all surety bonds, a precious metals dealer bond creates a legal contract between three parties: 

  1. Principal: You, the precious metals and gems dealer filing the bond
  2. Obligee: The Henrico County Police Division Permit Unit requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding county and state regulations. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your precious metals dealer bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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