Raw gold bullion
Ended Awarded
- Contract number
- 2031JG22F51778
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $2,782,962
Award facts
- Contract value 100% obligated
- $2,782,961.90 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, valued at $2,782,961.90, was awarded on August 22, 2022 to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is a firm fixed price delivery order, with an ultimate completion date of August 30, 2022.
Stonex Financial LTD, doing business as Intl, has established itself as a key supplier of precious metals to the United States Mint, delivering raw materials including gold, silver, and palladium used in the production of circulating coins, commemorative coins, bullion coins, and national medals. The company holds two significant indefinite delivery vehicle (IDV) contracts with the Mint, one for silver raw materials with a $10 billion ceiling value, and another 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.
This contract award does not have a set-aside designation, and there are no indications of major subcontractors. The contract represents the United States Mint's strategic procurement approach to consistently source critical raw materials from a proven international supplier, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG22F51778?
2031JG22F51778 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 22, 2022.
How much is contract 2031JG22F51778 worth?
The government has obligated $2,782,962 on 2031JG22F51778.
Is contract 2031JG22F51778 an order under another contract?
Yes. 2031JG22F51778 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG22F51778 competed?
The extent of competition for 2031JG22F51778 was full and open competition.
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