Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51652
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,231,351
Award facts
- Contract value 100% obligated
- $5,231,350.82 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 under the Department of the Treasury. The contract was awarded to Stonex Financial LTD, a for-profit organization based in London, United Kingdom, that specializes in global commodity trading and risk management, particularly in precious metals.
The contract, awarded on May 23, 2022, has a ceiling value of $5,231,350.82 and is a firm fixed price delivery order. It does not have a set-aside designation. Stonex Financial LTD is a critical vendor for the United States Mint, having been awarded numerous delivery order contracts worth between $1 million and $22 million per order for the supply of precious metals, including gold, silver, and palladium, since 2021.
In addition to the current delivery order, 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. These IDVs allow the 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.
Quick answers
Who was awarded contract 2031JG22F51652?
2031JG22F51652 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 23, 2022.
How much is contract 2031JG22F51652 worth?
The government has obligated $5,231,351 on 2031JG22F51652.
Is contract 2031JG22F51652 an order under another contract?
Yes. 2031JG22F51652 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51652 competed?
The extent of competition for 2031JG22F51652 was full and open competition.
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