Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51970
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,133,660
Award facts
- Contract value 100% obligated
- $3,133,660.47 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 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 with a focus on precious metals.
The contract, valued at $3,133,660.47, is a firm fixed price delivery order contract with an ultimate completion date of March 31, 2023. Stonex Financial LTD is an established supplier of precious metals to the U.S. government, having been awarded numerous delivery order contracts exclusively with the United States Mint since 2021, ranging from $1 million to $22 million per order.
In addition to this specific delivery order, Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, including a multiple-award contract for silver raw materials with a $10 billion ceiling value and an additional IDV for raw gold bullion supply. These IDVs allow the Mint to consistently source critical raw materials from a proven international supplier, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F51970?
2031JG23F51970 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 21, 2023.
How much is contract 2031JG23F51970 worth?
The government has obligated $3,133,660 on 2031JG23F51970.
Is contract 2031JG23F51970 an order under another contract?
Yes. 2031JG23F51970 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51970 competed?
The extent of competition for 2031JG23F51970 was full and open competition.
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