Alexandria, VA — Precious Metals Dealer Bond
Prepare precious metals dealer security for the Alexandria permit request using the correct obligee. Virginia Code section 54.1-4106 describes $10,000 security, but changes the bond recipient where a locality has adopted the applicable ordinance.
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- Recorded state
- Virginia
- Bond type
- Secondhand / Precious Metals Dealer Bond
- Category
- Business operations & taxes
What this bond does
The offering concerns a precious metals dealer permit in Alexandria, Virginia. It is separate from a general retail license, pawnbroker security or protection for a customer's investment portfolio.
- Who needs it
- A precious metals dealer applying for the relevant Alexandria permit. Confirm the business location, employer/principal and covered employees with the permitting office.
- Who it protects
- The statute provides for recovery by persons suffering loss from the dealer's violation of the governing chapter. Read the actual bond and claim requirements; it is not a guarantee of metal purity, market value or every transaction outcome.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Virginia Code §54.1-4106: precious metals dealer bond or letter of credit (opens in a new tab)Checked October 18, 2026
Have these ready
- Obtain the current Alexandria precious metals dealer permit instructions.
- Confirm the legal principal, employees, and single covered location.
- Verify whether local governing-body obligee wording applies.
- Prepare the accepted $10,000 security instrument and filing evidence.
Questions about this bond
Should the bond name the Commonwealth or Alexandria?
The statute distinguishes those situations. Subsection B changes the obligee under an applicable local ordinance; follow Alexandria's current accepted form.
Does one employer bond cover every branch?
The cited statute refers to employees and transactions at a single location. Confirm additional-location treatment before relying on one instrument.
Is the $10,000 amount the purchase price?
No. It is the security amount described in section 54.1-4106. The provider's premium is a different figure.
Does the bond guarantee the resale value of gold or silver?
No. The statute concerns dealer violations and resulting loss, not market-price or investment-return insurance.