Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52015
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,227,729
Award facts
- Contract value 100% obligated
- $3,227,728.91 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 $3,227,728.91, is a firm fixed price delivery order with an ultimate completion date of April 24, 2023. It is not associated with any set-aside designation. Stonex Financial LTD has been awarded numerous similar contracts with the United States Mint, primarily for the delivery of precious metals such as gold, silver, and palladium, which are used in the production of circulating coins, commemorative coins, bullion coins, and national medals. The company appears to hold 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, which enables the Mint to maintain a reliable supply of critical raw materials from an international source to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F52015?
2031JG23F52015 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 17, 2023.
How much is contract 2031JG23F52015 worth?
The government has obligated $3,227,729 on 2031JG23F52015.
Is contract 2031JG23F52015 an order under another contract?
Yes. 2031JG23F52015 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52015 competed?
The extent of competition for 2031JG23F52015 was full and open competition.
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