Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52178
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,635,963
Award facts
- Contract value 100% obligated
- $4,635,963.23 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, with an ID of 2031JG20D00010|2031JG23F52178, was issued by the United States Mint, a civilian agency, to Stonex Financial LTD, a for-profit organization based in London, United Kingdom. The award is for the delivery of raw gold bullion, with a firm fixed price ceiling value of $4,635,963.23 and an ultimate completion date of August 3, 2023. This award is a delivery order contract, and there is no set-aside designation.
Stonex Financial LTD, doing business as Intl, has been a key supplier of precious metals such as gold, silver, and palladium to the United States Mint, supporting the agency's coin and medal production operations. 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.
Quick answers
Who was awarded contract 2031JG23F52178?
2031JG23F52178 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 27, 2023.
How much is contract 2031JG23F52178 worth?
The government has obligated $4,635,963 on 2031JG23F52178.
Is contract 2031JG23F52178 an order under another contract?
Yes. 2031JG23F52178 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52178 competed?
The extent of competition for 2031JG23F52178 was full and open competition.
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