Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51690
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,196,418
Award facts
- Contract value 100% obligated
- $5,196,417.97 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, particularly in precious metals.
The contract, valued at $5,196,417.97, is a firm fixed price delivery order that does not have any set-aside designation. It is one of several similar contracts Stonex Financial LTD has been awarded by the United States Mint since 2021, ranging from $1 million to $22 million per order, for the supply of precious metals including gold, silver, and palladium. These contracts are issued under two larger indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion. These IDVs enable the United States Mint to maintain a steady and reliable supply of critical raw materials from an international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51690?
2031JG22F51690 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on June 21, 2022.
How much is contract 2031JG22F51690 worth?
The government has obligated $5,196,418 on 2031JG22F51690.
Is contract 2031JG22F51690 an order under another contract?
Yes. 2031JG22F51690 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51690 competed?
The extent of competition for 2031JG22F51690 was full and open competition.
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