Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52172
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,197,255
Award facts
- Contract value 100% obligated
- $3,197,255.03 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- 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 $3,197,255.03, was awarded to Stonex Financial LTD, a for-profit international organization based in the United Kingdom that specializes in global commodity trading and risk management, particularly in precious metals.
The contract is a firm fixed-price delivery order, with an ultimate completion date of August 3, 2023. Stonex Financial LTD has been awarded numerous similar contracts by the United States Mint since 2021, ranging from $1 million to $22 million per order, for the supply of raw precious metals including gold, silver, and palladium. The company also 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. These IDVs enable the Mint to consistently source critical raw materials from a proven international supplier, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F52172?
2031JG23F52172 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 27, 2023.
How much is contract 2031JG23F52172 worth?
The government has obligated $3,197,255 on 2031JG23F52172.
Is contract 2031JG23F52172 an order under another contract?
Yes. 2031JG23F52172 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52172 competed?
The extent of competition for 2031JG23F52172 was full and open competition.
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