Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51886
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,385,498
Award facts
- Contract value 100% obligated
- $4,385,497.96 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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 is a firm fixed price delivery order contract awarded by the United States Mint to Stonex Financial LTD, a for-profit organization based in the United Kingdom that specializes in global commodity trading and risk management, particularly in precious metals. The contract is for the delivery of raw gold bullion, with a ceiling value of $4,385,497.96 and a performance period ending on January 16, 2023. This contract is not set aside for any specific business type.
Stonex Financial LTD has been awarded multiple indefinite delivery vehicle (IDV) contracts with the United States Mint, including a $10 billion ceiling value contract for silver raw materials and an additional IDV 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, to maintain a steady and reliable supply of precious metals from an international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F51886?
2031JG23F51886 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on January 10, 2023.
How much is contract 2031JG23F51886 worth?
The government has obligated $4,385,498 on 2031JG23F51886.
Is contract 2031JG23F51886 an order under another contract?
Yes. 2031JG23F51886 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51886 competed?
The extent of competition for 2031JG23F51886 was full and open competition.
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