Gold raw material
Ended Awarded
- Contract number
- 2031JG20F51002
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,821,875
Award facts
- Contract value 100% obligated
- $4,821,874.61 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 331410 Nonferrous Metal (except Aluminum) Smelting and Refining
- PSC
- 9660 Precious Metals Primary Forms
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Great Britain, United Kingdom
Award details come from SAM.gov/FPDS.
About this award
This federal contract award is for the delivery of gold raw material to the United States Mint, a civilian agency under the U.S. Department of the Treasury. The contract was awarded to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, that specializes in global commodity trading and risk management with a focus on precious metals. The contract has a ceiling value of $4,821,874.61 and is a firm fixed price delivery order contract without any set-aside designation.
Stonex Financial LTD has been awarded numerous delivery order contracts exclusively with the United States Mint since 2021, ranging from $1 million to $22 million per order, for the supply of precious metal raw materials including gold, silver, and palladium. The company also holds two significant indefinite delivery vehicle (IDV) contracts with the Mint, one for silver raw materials with a $10 billion ceiling value extending through 2040, and another for raw gold bullion supply. These IDVs allow the Mint to maintain a steady and reliable supply of critical raw materials from an international source to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG20F51002?
2031JG20F51002 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 7, 2020.
How much is contract 2031JG20F51002 worth?
The government has obligated $4,821,875 on 2031JG20F51002.
Is contract 2031JG20F51002 an order under another contract?
Yes. 2031JG20F51002 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG20F51002 competed?
The extent of competition for 2031JG20F51002 was full and open competition.
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