Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51675
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,419,469
Award facts
- Contract value 100% obligated
- $4,419,469.29 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 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 with a focus on precious metals. The contract is a $4,419,469.29 firm fixed price delivery order with a completion date of June 22, 2022. It is not a set-aside contract.
Stonex Financial LTD appears to hold 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, enabling the Mint to maintain a steady and reliable supply of precious metals from an international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51675?
2031JG22F51675 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on June 6, 2022.
How much is contract 2031JG22F51675 worth?
The government has obligated $4,419,469 on 2031JG22F51675.
Is contract 2031JG22F51675 an order under another contract?
Yes. 2031JG22F51675 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51675 competed?
The extent of competition for 2031JG22F51675 was full and open competition.
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