Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51616
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,567,428
Award facts
- Contract value 100% obligated
- $4,567,428.44 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 was issued by the United States Mint, a civilian agency, to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The $4,567,428.44 firm fixed price delivery order is for the supply of raw gold bullion, with a performance period ending on May 5, 2022.
This award is associated with two indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD with the United States Mint. The primary IDV, awarded in June 2021, is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV appears to be for raw gold bullion supply, though its specific ceiling value is not explicitly stated. 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. The contracts do not have any set-aside designations.
These contracts enable the United States Mint to maintain a steady and reliable supply of precious metals from an international source, supporting the agency's ongoing coin and medal production operations. The IDVs represent a strategic procurement approach that allows the Mint to consistently source critical raw materials from a proven international supplier.
Quick answers
Who was awarded contract 2031JG22F51616?
2031JG22F51616 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 26, 2022.
How much is contract 2031JG22F51616 worth?
The government has obligated $4,567,428 on 2031JG22F51616.
Is contract 2031JG22F51616 an order under another contract?
Yes. 2031JG22F51616 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51616 competed?
The extent of competition for 2031JG22F51616 was full and open competition.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award