Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51487
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $2,955,591
Award facts
- Contract value 100% obligated
- $2,955,590.61 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 is for the delivery of raw gold bullion to the United States Mint, a civilian agency under the Department of the Treasury. The contract, valued at $2,955,590.61, 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, particularly in precious metals.
The contract is a firm fixed price delivery order awarded under two indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD with the United States Mint. The primary IDV, valued at $10 billion, is for the supply of silver raw materials, while the second IDV appears to be for the supply of raw gold bullion. These IDVs allow the Mint to consistently source critical raw materials from a proven international supplier to support its ongoing coin and medal production operations.
The contract does not have a set-aside designation and the ultimate completion date is February 2, 2022. This contract award demonstrates Stonex Financial LTD's specialized capability in supplying high-value precious metal raw materials to the United States government.
Quick answers
Who was awarded contract 2031JG22F51487?
2031JG22F51487 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on January 19, 2022.
How much is contract 2031JG22F51487 worth?
The government has obligated $2,955,591 on 2031JG22F51487.
Is contract 2031JG22F51487 an order under another contract?
Yes. 2031JG22F51487 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51487 competed?
The extent of competition for 2031JG22F51487 was full and open competition.
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