Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52196
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,101,345
Award facts
- Contract value 100% obligated
- $3,101,345.00 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 $3,101,345.00, was awarded on August 23, 2023, with an ultimate completion date of August 30, 2023. The contract is a firm fixed-price delivery order, with no set-aside designation.
The prime contractor for this award is 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. Stonex Financial LTD has established itself as a critical supplier of raw materials, such as gold, silver, and palladium, to the United States Mint, delivering these essential materials for the production of circulating coins, commemorative coins, bullion coins, and national medals.
In addition to this specific contract, Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion supply. These IDVs allow the Mint to maintain a steady and reliable supply of precious metals from an international source, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F52196?
2031JG23F52196 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 23, 2023.
How much is contract 2031JG23F52196 worth?
The government has obligated $3,101,345 on 2031JG23F52196.
Is contract 2031JG23F52196 an order under another contract?
Yes. 2031JG23F52196 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52196 competed?
The extent of competition for 2031JG23F52196 was full and open competition.
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