Raw gold bullion
Ended Awarded Last action
- Contract number
- 2031JG22F51656
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,251,031
Award facts
- Contract value 100% obligated
- $5,251,030.99 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Original award | $5,251,031 |
About this award
This federal contract award (ID: 2031JG20D00010|2031JG22F51656) is a delivery order contract for the supply of raw gold bullion valued at $5,251,030.99. The contract was awarded by the United States Mint, a civilian agency under the Department of the Treasury, to Stonex Financial LTD, a for-profit international organization based in the United Kingdom. This contract does not have a set-aside designation.
Stonex Financial LTD, doing business as Intl, is an established supplier of precious metals to the U.S. government, particularly the United States Mint. The company 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. 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, to maintain a steady and reliable supply of precious metals for the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51656?
2031JG22F51656 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 23, 2022.
How much is contract 2031JG22F51656 worth?
The government has obligated $5,251,031 on 2031JG22F51656.
Is contract 2031JG22F51656 an order under another contract?
Yes. 2031JG22F51656 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51656 competed?
The extent of competition for 2031JG22F51656 was full and open competition.
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