Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51980
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,716,796
Award facts
- Contract value 100% obligated
- $3,716,796.29 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 within the U.S. government. The contract, valued at $3,716,796.29, 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, particularly in precious metals.
The contract is a firm fixed price delivery order, with an ultimate completion date of April 4, 2023. Stonex Financial LTD has been awarded several similar contracts with the United States Mint in recent years, ranging from $1 million to $22 million per order, demonstrating the company's consistent capability in supplying high-value precious metal raw materials. Additionally, 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, though the specific ceiling value is not stated. These IDVs allow the Mint to maintain a steady and reliable supply of precious metals from an international source, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F51980?
2031JG23F51980 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 24, 2023.
How much is contract 2031JG23F51980 worth?
The government has obligated $3,716,796 on 2031JG23F51980.
Is contract 2031JG23F51980 an order under another contract?
Yes. 2031JG23F51980 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51980 competed?
The extent of competition for 2031JG23F51980 was full and open competition.
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