A Precious Metals Dealer Bond [required by state law G.S. § 66-409] must be posted by those operating in North Carolina as precious metal businesses defined in North Carolina General Statute § 66-406, et seq. The bond secures adherence with the requirements of Article 45 of Chapter 66 of the North Carolina General Statutes and all provisions of that Act. The penal sum or coverage amount of the Precious Metals Dealer Surety Bond along with the total aggregate liability of the surety company is $10,000 as set out by the state.
