Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52016
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,229,518
Award facts
- Contract value 100% obligated
- $3,229,517.68 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 to Stonex Financial LTD, doing business as Intl, is a firm fixed price delivery order contract worth $3,229,517.68 for the supply of raw gold bullion to the United States Mint. The contract has an ultimate completion date of April 24, 2023.
Stonex Financial LTD is an international, for-profit organization based in London, United Kingdom, that specializes in global commodity trading and risk management, particularly in precious metals. The company has established itself as a critical supplier of raw materials, such as gold, silver, and palladium, to the United States Mint through numerous prior delivery order contracts.
This contract appears to be associated with two larger indefinite delivery vehicle (IDV) contracts that Stonex Financial LTD holds with the United States Mint. The first IDV is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV is likely for raw gold bullion supply, though its specific ceiling value is not explicitly stated.
The United States Mint's use of these IDVs with Stonex Financial LTD represents a strategic procurement approach 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 2031JG23F52016?
2031JG23F52016 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 17, 2023.
How much is contract 2031JG23F52016 worth?
The government has obligated $3,229,518 on 2031JG23F52016.
Is contract 2031JG23F52016 an order under another contract?
Yes. 2031JG23F52016 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52016 competed?
The extent of competition for 2031JG23F52016 was full and open competition.
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