Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51771
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $1,306,482
Award facts
- Contract value 100% obligated
- $1,306,482.49 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 to Stonex Financial LTD, a for-profit organization based in London, UK, is for the delivery of raw gold bullion to the United States Mint. The $1,306,482.49 firm fixed price delivery order contract has an ultimate completion date of August 30, 2022.
Stonex Financial LTD appears to be an established precious metals supplier for the U.S. government, holding two indefinite delivery vehicle (IDV) contracts with the U.S. Mint - one for silver raw materials with a $10 billion ceiling, and another for raw gold bullion. The Mint routinely issues delivery orders under these IDVs, typically in the $10-$16 million range, to maintain a reliable supply of precious metals.
This specific delivery order contract does not have a set-aside designation. The contract exemplifies the U.S. Mint's strategic procurement approach of consistently sourcing critical raw materials from a proven international supplier to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51771?
2031JG22F51771 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 22, 2022.
How much is contract 2031JG22F51771 worth?
The government has obligated $1,306,482 on 2031JG22F51771.
Is contract 2031JG22F51771 an order under another contract?
Yes. 2031JG22F51771 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51771 competed?
The extent of competition for 2031JG22F51771 was full and open competition.
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