Raw gold bullion
Ended Awarded
- Contract number
- 2031JG21F51074
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,432,678
Award facts
- Contract value 100% obligated
- $1,432,677.95 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 was made by the United States Mint (part of the Department of the Treasury) to Stonex Financial LTD, a for-profit organization based in London, United Kingdom that specializes in global commodity trading and risk management, particularly in precious metals. The award is for the delivery of raw gold bullion to the United States Mint, with a ceiling value of $1,432,677.95. This is a firm fixed price delivery order contract, without any set-aside designations.
Stonex Financial LTD has established itself as a key supplier of precious metals to the United States government, particularly the United States Mint. The company holds two significant indefinite delivery vehicle (IDV) contracts with the Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion. Under these IDVs, the Mint routinely issues delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to maintain a steady and reliable supply of precious metals from this international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG21F51074?
2031JG21F51074 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 19, 2020.
How much is contract 2031JG21F51074 worth?
The government has obligated $1,432,678 on 2031JG21F51074.
Is contract 2031JG21F51074 an order under another contract?
Yes. 2031JG21F51074 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG21F51074 competed?
The extent of competition for 2031JG21F51074 was full and open competition.
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