Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51935
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,397,819
Award facts
- Contract value 100% obligated
- $4,397,819.03 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 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 London, United Kingdom that specializes in global commodity trading and risk management. The contract has a ceiling value of $4,397,819.03 and is a firm fixed price delivery order with no set-aside designation.
Stonex Financial LTD has been awarded numerous similar contracts with the United States Mint for the delivery of precious metals, including gold, silver, and palladium. 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. Under these IDVs, the Mint 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 this international source to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F51935?
2031JG23F51935 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 7, 2023.
How much is contract 2031JG23F51935 worth?
The government has obligated $4,397,819 on 2031JG23F51935.
Is contract 2031JG23F51935 an order under another contract?
Yes. 2031JG23F51935 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51935 competed?
The extent of competition for 2031JG23F51935 was full and open competition.
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