Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51964
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,128,168
Award facts
- Contract value 100% obligated
- $3,128,168.46 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. 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 with a focus on precious metals.
The contract, valued at $3,128,168.46, is a firm fixed price delivery order with an ultimate completion date of March 31, 2023. It is not associated with any set-aside program. 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 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 strategic procurement approach allows the Mint to consistently source critical raw materials from a proven international supplier to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F51964?
2031JG23F51964 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 20, 2023.
How much is contract 2031JG23F51964 worth?
The government has obligated $3,128,168 on 2031JG23F51964.
Is contract 2031JG23F51964 an order under another contract?
Yes. 2031JG23F51964 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51964 competed?
The extent of competition for 2031JG23F51964 was full and open competition.
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