Raw gold bullion
Ended Awarded
- Contract number
- 2031JG20F51023
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,361,048
Award facts
- Contract value 100% obligated
- $5,361,047.86 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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 raw gold bullion to the United States Mint, a civilian agency of the U.S. government. The contract, valued at $5,361,047.86, 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 particular focus on precious metals.
The contract is a delivery order awarded under two significant indefinite delivery vehicle (IDV) contracts that Stonex Financial LTD holds with the United States Mint. The primary IDV, a multiple-award contract for silver raw materials, has a $10 billion ceiling value and extends through December 2040. The second IDV appears to be for raw gold bullion supply, though its specific ceiling value is not explicitly stated. These IDVs enable the United States Mint to maintain a steady and reliable supply of precious metals from an international source, supporting the agency's ongoing coin and medal production operations.
The contract does not have a set-aside designation, and there are no major subcontractors mentioned. The award demonstrates Stonex Financial LTD's consistent and specialized capability in supplying high-value precious metal raw materials to the United States Mint, a critical vendor for the agency's production of circulating coins, commemorative coins, bullion coins, and national medals.
Quick answers
Who was awarded contract 2031JG20F51023?
2031JG20F51023 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 11, 2020.
How much is contract 2031JG20F51023 worth?
The government has obligated $5,361,048 on 2031JG20F51023.
Is contract 2031JG20F51023 an order under another contract?
Yes. 2031JG20F51023 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG20F51023 competed?
The extent of competition for 2031JG20F51023 was full and open competition.
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