Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F51984
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,171,743
Award facts
- Contract value 100% obligated
- $3,171,742.83 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 contract award is for the delivery of raw gold bullion to the United States Mint, a civilian agency within the federal 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.
This award is associated with two indefinite delivery vehicle (IDV) contracts that Stonex Financial LTD holds with the United States Mint. The primary IDV, awarded in June 2021, is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV appears to be for raw gold bullion supply, though its specific ceiling value is not explicitly stated. 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 particular award, with a ceiling value of $3,171,742.83, is a firm fixed price delivery order contract for the supply of raw gold bullion. The contract does not have a set-aside designation. The performance period for this order is through April 4, 2023, with the award date being March 24, 2023. These contracts enable the United States 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 2031JG23F51984?
2031JG23F51984 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 24, 2023.
How much is contract 2031JG23F51984 worth?
The government has obligated $3,171,743 on 2031JG23F51984.
Is contract 2031JG23F51984 an order under another contract?
Yes. 2031JG23F51984 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F51984 competed?
The extent of competition for 2031JG23F51984 was full and open competition.
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