Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51753
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,292,686
Award facts
- Contract value 100% obligated
- $1,292,686.28 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. The contract, valued at $1,292,686.28, was awarded to Stonex Financial LTD, a for-profit organization based in London, United Kingdom, that specializes in global commodity trading and risk management.
Stonex Financial LTD has been awarded multiple indefinite delivery vehicle (IDV) contracts with the United States Mint, with one IDV for raw gold bullion supply and another for $10 billion in silver raw materials through 2040. 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 represents a strategic procurement approach that allows the Mint to consistently source critical raw materials from a proven international supplier to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51753?
2031JG22F51753 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 5, 2022.
How much is contract 2031JG22F51753 worth?
The government has obligated $1,292,686 on 2031JG22F51753.
Is contract 2031JG22F51753 an order under another contract?
Yes. 2031JG22F51753 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51753 competed?
The extent of competition for 2031JG22F51753 was full and open competition.
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