Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52205
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,104,877
Award facts
- Contract value 100% obligated
- $3,104,877.16 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. The $3,104,877.16 fixed-price delivery order contract 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 for precious metals.
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. Under these IDVs, the United States Mint routinely issues firm fixed-price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each. This contract represents one such delivery order, with the raw gold bullion to be delivered from Stonex's facilities in Great Britain to the United States Mint's production centers by August 30, 2023. The contract does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG23F52205?
2031JG23F52205 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 23, 2023.
How much is contract 2031JG23F52205 worth?
The government has obligated $3,104,877 on 2031JG23F52205.
Is contract 2031JG23F52205 an order under another contract?
Yes. 2031JG23F52205 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52205 competed?
The extent of competition for 2031JG23F52205 was full and open competition.
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