Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51688
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,211,180
Award facts
- Contract value 100% obligated
- $5,211,179.88 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 award is a firm fixed price delivery order contract for $5,211,179.88 to provide raw gold bullion to the United States Mint. 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.
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. 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. This contract award appears to be one such delivery order for raw gold bullion. The contract does not have a set-aside designation.
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 2031JG22F51688?
2031JG22F51688 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on June 21, 2022.
How much is contract 2031JG22F51688 worth?
The government has obligated $5,211,180 on 2031JG22F51688.
Is contract 2031JG22F51688 an order under another contract?
Yes. 2031JG22F51688 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51688 competed?
The extent of competition for 2031JG22F51688 was full and open competition.
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