Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51458
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,056,410
Award facts
- Contract value 100% obligated
- $4,056,409.95 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 to Stonex Financial LTD, a for-profit international organization based in London, UK, is for the delivery of raw gold bullion to the United States Mint. The $4,056,409.95 firm fixed price delivery order contract, awarded on December 14, 2021, has an ultimate completion date of December 30, 2021.
Stonex Financial LTD appears to be an established supplier of precious metals to the U.S. government, holding two significant indefinite delivery vehicle (IDV) contracts with the United States Mint. These IDVs, one for silver raw materials with a $10 billion ceiling and another for raw gold bullion, allow the Mint to routinely issue firm fixed price delivery orders to Stonex, typically valued between $10-$16 million each. This strategic procurement approach ensures the Mint maintains a steady and reliable supply of critical raw materials from an international source to support its ongoing coin and medal production operations. There is no set-aside designation for this contract.
Quick answers
Who was awarded contract 2031JG22F51458?
2031JG22F51458 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on December 14, 2021.
How much is contract 2031JG22F51458 worth?
The government has obligated $4,056,410 on 2031JG22F51458.
Is contract 2031JG22F51458 an order under another contract?
Yes. 2031JG22F51458 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51458 competed?
The extent of competition for 2031JG22F51458 was full and open competition.
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