Raw gold bullion
Ended Awarded
- Contract number
- 2031JG23F52206
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,143,997
Award facts
- Contract value 100% obligated
- $3,143,996.70 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 $3,143,996.70, was issued by the United States Mint to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of raw gold bullion, which is a critical raw material used by the Mint in the production of circulating coins, commemorative coins, bullion coins, and national medals.
Stonex Financial LTD has established itself as a key supplier of precious metals to the United States government, particularly 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 routinely issues firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each. This contract award does not have a set-aside designation, and there are no mentioned major subcontractors.
Quick answers
Who was awarded contract 2031JG23F52206?
2031JG23F52206 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on August 30, 2023.
How much is contract 2031JG23F52206 worth?
The government has obligated $3,143,997 on 2031JG23F52206.
Is contract 2031JG23F52206 an order under another contract?
Yes. 2031JG23F52206 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG23F52206 competed?
The extent of competition for 2031JG23F52206 was full and open competition.
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