Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51550
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,274,893
Award facts
- Contract value 100% obligated
- $4,274,893.45 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 of the U.S. government. The contract was awarded on February 28, 2022 to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, for a ceiling value of $4,274,893.45. The contract is a firm fixed price delivery order with no set-aside designation.
Stonex Financial LTD appears to be a key supplier of precious metals to the United States Mint, as evidenced by the company holding two significant indefinite delivery vehicle (IDV) contracts with the agency - one for silver raw materials with a $10 billion ceiling, and another likely for raw gold bullion. Under these IDVs, the Mint routinely issues delivery orders to Stonex Financial, typically valued between $10 million and $16 million each, to maintain a steady and reliable supply of precious metals from this international source. This strategic procurement approach allows the Mint to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51550?
2031JG22F51550 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 28, 2022.
How much is contract 2031JG22F51550 worth?
The government has obligated $4,274,893 on 2031JG22F51550.
Is contract 2031JG22F51550 an order under another contract?
Yes. 2031JG22F51550 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51550 competed?
The extent of competition for 2031JG22F51550 was full and open competition.
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