Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51599
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,440,611
Award facts
- Contract value 100% obligated
- $4,440,611.39 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 federal contract award is for the delivery of raw gold bullion to the United States Mint, a Civilian agency within the U.S. government. The contract 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 with precious metals.
The contract, valued at $4,440,611.39, is a firm fixed price delivery order with a completion date of April 19, 2022. Stonex Financial LTD has been awarded multiple delivery order contracts with the United States Mint since 2021, ranging from $1 million to $22 million per order, to supply precious metals including gold, silver, and palladium. The company also 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. These IDVs allow the Mint to consistently source critical raw materials from Stonex Financial LTD to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51599?
2031JG22F51599 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 7, 2022.
How much is contract 2031JG22F51599 worth?
The government has obligated $4,440,611 on 2031JG22F51599.
Is contract 2031JG22F51599 an order under another contract?
Yes. 2031JG22F51599 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51599 competed?
The extent of competition for 2031JG22F51599 was full and open competition.
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