Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51581
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,696,468
Award facts
- Contract value 100% obligated
- $5,696,467.89 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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 organization based in London, United Kingdom, that specializes in global commodity trading and risk management with a focus on precious metals. The contract, valued at $5,696,467.89, is a firm fixed price delivery order for the supply of raw gold bullion to the United States Mint.
Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion supply. 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 contract award is part of the agency's strategic procurement approach 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 there is no indication of major subcontractors. The United States Mint, which is a civilian federal agency, is the funding agency for this contract.
Quick answers
Who was awarded contract 2031JG22F51581?
2031JG22F51581 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 30, 2022.
How much is contract 2031JG22F51581 worth?
The government has obligated $5,696,468 on 2031JG22F51581.
Is contract 2031JG22F51581 an order under another contract?
Yes. 2031JG22F51581 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51581 competed?
The extent of competition for 2031JG22F51581 was full and open competition.
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