Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F51003
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,472,496
Award facts
- Contract value 100% obligated
- $3,472,496.12 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 to Stonex Financial LTD, doing business as Intl, is a $3,472,496.12 firm fixed price delivery order contract for the supply of raw gold bullion to the United States Mint. The contract has an ultimate completion date of April 12, 2024 and was awarded on April 3, 2024.
Stonex Financial LTD is an international for-profit organization based in London, United Kingdom, that specializes in global commodity trading and risk management, particularly in precious metals. The company has established itself as a key supplier of raw materials to the United States government, primarily providing precious metals such as gold, silver, and palladium to the United States Mint through numerous delivery order contracts since 2021.
In addition to this specific delivery order, Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint. The primary IDV is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV appears to be for raw gold bullion supply, though its specific ceiling value is not explicitly stated. These IDVs allow the Mint to consistently source critical raw materials from a proven international supplier to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG24F51003?
2031JG24F51003 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 3, 2024.
How much is contract 2031JG24F51003 worth?
The government has obligated $3,472,496 on 2031JG24F51003.
Is contract 2031JG24F51003 an order under another contract?
Yes. 2031JG24F51003 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F51003 competed?
The extent of competition for 2031JG24F51003 was full and open competition.
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