Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51388
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $2,874,042
Award facts
- Contract value 100% obligated
- $2,874,041.80 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 is a federal contract award 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, awarded by the United States Mint (a civilian agency), is for the delivery of raw gold bullion. The contract is a firm fixed price delivery order with a ceiling value of $2,874,041.80 and an ultimate completion date of October 28, 2021.
Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, including a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040, and an IDV for raw gold bullion supply. The Mint routinely issues firm fixed price delivery orders to Stonex Financial LTD under these IDVs, typically valued between $10 million and $16 million each, 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 2031JG22F51388?
2031JG22F51388 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 19, 2021.
How much is contract 2031JG22F51388 worth?
The government has obligated $2,874,042 on 2031JG22F51388.
Is contract 2031JG22F51388 an order under another contract?
Yes. 2031JG22F51388 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51388 competed?
The extent of competition for 2031JG22F51388 was full and open competition.
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