Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51518
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,185,494
Award facts
- Contract value 100% obligated
- $5,185,494.09 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, valued at $5,185,494.09, was issued 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 and does not have a set-aside designation.
Stonex Financial LTD, doing business as Intl, has established itself as a key supplier of precious metals to the United States Mint, providing materials such as gold, silver, and palladium used in the production of circulating coins, commemorative coins, bullion coins, and national medals. 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.
This particular contract, awarded on February 4, 2022, is a delivery order under one of Stonex Financial LTD's IDV contracts with the United States Mint. The contract has a firm fixed price and an ultimate completion date of February 15, 2022, indicating a short performance period for the delivery of the requested raw gold bullion.
Quick answers
Who was awarded contract 2031JG22F51518?
2031JG22F51518 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 4, 2022.
How much is contract 2031JG22F51518 worth?
The government has obligated $5,185,494 on 2031JG22F51518.
Is contract 2031JG22F51518 an order under another contract?
Yes. 2031JG22F51518 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51518 competed?
The extent of competition for 2031JG22F51518 was full and open competition.
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