Raw gold bullion
Ended Awarded Last action
- Contract number
- 2031JG21F51106
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,041,549
Award facts
- Contract value 100% obligated
- $3,041,548.72 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $2,281,162 | |
| Original award | $760,387 |
About this award
This is a firm fixed price delivery order contract awarded by the United States Mint to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of raw gold bullion, with a ceiling value of $3,041,548.72 and a period of performance ending on December 21, 2020. The contract was awarded on December 8, 2020 and does not have a set-aside designation.
Stonex Financial LTD appears to be a key supplier of precious metals, including gold, silver, and palladium, to 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 firm fixed price 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 for the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG21F51106?
2031JG21F51106 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on December 8, 2020.
How much is contract 2031JG21F51106 worth?
The government has obligated $3,041,549 on 2031JG21F51106.
Is contract 2031JG21F51106 an order under another contract?
Yes. 2031JG21F51106 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG21F51106 competed?
The extent of competition for 2031JG21F51106 was full and open competition.
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