Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52070
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,220,908
Award facts
- Contract value 100% obligated
- $3,220,908.29 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, valued at $3,220,908.29, was granted to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is a delivery order for the supply of raw gold bullion to the United States Mint, a civilian agency of the U.S. government. The contract is a firm fixed price arrangement with no set-aside designation.
Stonex Financial LTD appears to be a key supplier of precious metals, including gold, silver, and palladium, to the United States Mint. 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. Under these IDVs, the Mint 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 precious metals from this international source, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F52070?
2031JG23F52070 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 4, 2023.
How much is contract 2031JG23F52070 worth?
The government has obligated $3,220,908 on 2031JG23F52070.
Is contract 2031JG23F52070 an order under another contract?
Yes. 2031JG23F52070 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52070 competed?
The extent of competition for 2031JG23F52070 was full and open competition.
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