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Virginia
Town of South Boston Precious Metals Dealer License

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

Coverage Amount: $50,000
Term Length: 1 year
Cost: $250
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Town of South Boston Precious Metals and Gems Dealer Bond Guide

If you’re becoming a precious metals and/or gems dealer in the Town of South Boston, Virginia, you’ll need this surety bond for licensing. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
  • Who Needs It: Dealers of precious metals and gems in Town of South Boston, VA
  • Regulating Body: The Town of South Boston
  • Required Coverage: $50,000
  • Premium Rate: $250 for a 1-year term

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

What Is a Town of South Boston Precious Metals and Gems Dealer Bond?

A Town of South Boston, VA 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 Dealer Bonds Cost in South Boston?

A $50,000 Town of South Boston precious metals dealer bond costs a flat rate of $250 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
$50,000Town of South Boston Precious Metals Dealer License

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 Town of South Boston, Virginia requires this bond as part of the licensing process for precious metals and gems dealers.  

Operating outside of South Boston? 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 South Boston 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 Town of South Boston as instructed. 

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

How Does a South Boston 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 Town of South Boston requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding local regulations and operating responsibly.

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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