Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51773
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $2,790,494
Award facts
- Contract value 100% obligated
- $2,790,494.01 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 of the U.S. government. The contract was awarded to Stonex Financial LTD, a for-profit international organization based in the United Kingdom that specializes in global commodity trading and risk management, particularly in precious metals.
The contract is a firm fixed price delivery order with a ceiling value of $2,790,494.01 and an ultimate completion date of August 30, 2022. Stonex Financial LTD is an established supplier of precious metals to the U.S. government, having been awarded numerous delivery order contracts with the United States Mint since 2021, ranging from $1 million to $22 million per order. These contracts have been for the supply of raw materials including gold, silver, and palladium, which are essential for the Mint's production of circulating coins, commemorative coins, bullion coins, and national medals. The contract does not have a set-aside designation.
Stonex Financial LTD also 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, which allow the Mint to consistently source critical raw materials from this proven international supplier to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51773?
2031JG22F51773 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 22, 2022.
How much is contract 2031JG22F51773 worth?
The government has obligated $2,790,494 on 2031JG22F51773.
Is contract 2031JG22F51773 an order under another contract?
Yes. 2031JG22F51773 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51773 competed?
The extent of competition for 2031JG22F51773 was full and open competition.
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