Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51861
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,907,545
Award facts
- Contract value 100% obligated
- $3,907,544.51 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 prime contractor is Stonex Financial LTD, a for-profit international organization based in London, 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 $3,907,544.51. It was awarded on October 26, 2022 with a completion date of November 1, 2022. Stonex Financial LTD 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. 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, to maintain a steady and reliable supply of precious metals. This contract did not utilize any set-aside designations.
Quick answers
Who was awarded contract 2031JG23F51861?
2031JG23F51861 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 26, 2022.
How much is contract 2031JG23F51861 worth?
The government has obligated $3,907,545 on 2031JG23F51861.
Is contract 2031JG23F51861 an order under another contract?
Yes. 2031JG23F51861 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51861 competed?
The extent of competition for 2031JG23F51861 was full and open competition.
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