Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51847
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,790,291
Award facts
- Contract value 100% obligated
- $4,790,291.45 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 London-based for-profit organization, is a $4,790,291.45 firm fixed price delivery order contract for the supply of raw gold bullion to the United States Mint. The contract has an ultimate completion date of October 27, 2022 and was awarded on October 19, 2022.
Stonex Financial LTD appears to be an established precious metals supplier to the U.S. government, holding multiple indefinite delivery vehicle (IDV) contracts with the United States Mint for the provision of raw silver, gold, and palladium materials. These IDVs, one of which has a $10 billion ceiling value, allow the Mint to issue targeted delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to maintain a steady supply of critical raw materials for ongoing coin and medal production operations. This latest $4.79 million award is one such delivery order issued under Stonex's IDV contracts. The contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG23F51847?
2031JG23F51847 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 19, 2022.
How much is contract 2031JG23F51847 worth?
The government has obligated $4,790,291 on 2031JG23F51847.
Is contract 2031JG23F51847 an order under another contract?
Yes. 2031JG23F51847 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51847 competed?
The extent of competition for 2031JG23F51847 was full and open competition.
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