Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52044
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,771,360
Award facts
- Contract value 100% obligated
- $4,771,360.39 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, valued at $4,771,360.39, was awarded to Stonex Financial LTD, a for-profit organization based in London, United Kingdom, and has an ultimate completion date of May 9, 2023. The contract is a firm fixed price delivery order, without any set-aside designation.
Stonex Financial LTD is an established supplier of precious metals to the United States Mint, providing raw materials such as gold, silver, and palladium for the production of circulating coins, commemorative coins, bullion coins, and national medals. The company holds two significant indefinite delivery vehicle (IDV) contracts with the Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion supply. 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, to maintain a steady and reliable supply of critical raw materials from an international source.
Quick answers
Who was awarded contract 2031JG23F52044?
2031JG23F52044 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 25, 2023.
How much is contract 2031JG23F52044 worth?
The government has obligated $4,771,360 on 2031JG23F52044.
Is contract 2031JG23F52044 an order under another contract?
Yes. 2031JG23F52044 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52044 competed?
The extent of competition for 2031JG23F52044 was full and open competition.
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