Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52064
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,827,044
Award facts
- Contract value 100% obligated
- $4,827,043.90 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, particularly in precious metals.
The contract has a ceiling value of $4,827,043.90 and is a firm fixed price delivery order contract with a performance period ending on May 9, 2023. Stonex Financial LTD appears to be an established vendor for the United States Mint, having been awarded multiple delivery order contracts for precious metal raw materials since 2021, ranging from $1 million to $22 million per order. The contract does not have a set-aside designation.
Stonex Financial LTD also holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, including a $10 billion ceiling value multiple-award contract for silver raw materials and an additional IDV for raw gold bullion supply. These IDVs allow the Mint to consistently source critical raw materials from this proven international supplier to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F52064?
2031JG23F52064 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 1, 2023.
How much is contract 2031JG23F52064 worth?
The government has obligated $4,827,044 on 2031JG23F52064.
Is contract 2031JG23F52064 an order under another contract?
Yes. 2031JG23F52064 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52064 competed?
The extent of competition for 2031JG23F52064 was full and open competition.
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