Gold raw material
Ended Awarded
- Contract number
- 2031JG20F51005
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,865,773
Award facts
- Contract value 100% obligated
- $4,865,773.06 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. 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 an award value of $4,865,773.06 and is a firm fixed price delivery order, with an ultimate completion date of July 15, 2020. Stonex Financial LTD has been awarded multiple delivery order contracts 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 contract is not associated with any set-aside designation. Stonex Financial LTD also holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion supply. These IDV contracts enable the Mint to maintain a steady and reliable supply of precious metals from an international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG20F51005?
2031JG20F51005 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 7, 2020.
How much is contract 2031JG20F51005 worth?
The government has obligated $4,865,773 on 2031JG20F51005.
Is contract 2031JG20F51005 an order under another contract?
Yes. 2031JG20F51005 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG20F51005 competed?
The extent of competition for 2031JG20F51005 was full and open competition.
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