Raw gold bullion
Ended Awarded
- Contract number
- 2031JG21F51109
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $2,989,815
Award facts
- Contract value 100% obligated
- $2,989,814.89 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. 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, valued at $2,989,814.89, is a firm fixed price delivery order that was awarded on December 17, 2020 with a completion date of December 21, 2020. This 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. The first is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV appears to be for raw gold bullion supply, though its specific ceiling value is not explicitly stated. 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.
These contracts 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.
Quick answers
Who was awarded contract 2031JG21F51109?
2031JG21F51109 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on December 17, 2020.
How much is contract 2031JG21F51109 worth?
The government has obligated $2,989,815 on 2031JG21F51109.
Is contract 2031JG21F51109 an order under another contract?
Yes. 2031JG21F51109 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG21F51109 competed?
The extent of competition for 2031JG21F51109 was full and open competition.
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