Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51713
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,015,859
Award facts
- Contract value 100% obligated
- $3,015,859.16 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 a firm fixed price delivery order contract between the United States Mint and Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of raw gold bullion, with a ceiling value of $3,015,859.16. There is no set-aside designation for this contract.
Stonex Financial LTD has been awarded multiple contracts with the United States Mint, including two significant indefinite delivery vehicle (IDV) contracts. The first IDV, awarded in June 2021, is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV appears to be 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.
The 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 2031JG22F51713?
2031JG22F51713 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 8, 2022.
How much is contract 2031JG22F51713 worth?
The government has obligated $3,015,859 on 2031JG22F51713.
Is contract 2031JG22F51713 an order under another contract?
Yes. 2031JG22F51713 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51713 competed?
The extent of competition for 2031JG22F51713 was full and open competition.
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