Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F51006
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,677,246
Award facts
- Contract value 100% obligated
- $3,677,246.31 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 is for the delivery of raw gold bullion to the United States Mint, a civilian agency of the U.S. government. The contract was awarded to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom that specializes in global commodity trading and risk management with a focus on precious metals.
The contract, a firm fixed price delivery order, has a ceiling value of $3,677,246.31 and an ultimate completion date of April 26, 2024. Stonex Financial LTD has been awarded numerous similar contracts by the United States Mint, ranging from $1 million to $22 million per order, to supply essential raw materials including gold, silver, and palladium for the production of circulating coins, commemorative coins, bullion coins, and national medals. The contract does not have a set-aside designation.
In addition to this specific contract award, 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, which allow the agency to consistently source critical raw materials from this proven international supplier to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG24F51006?
2031JG24F51006 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on April 9, 2024.
How much is contract 2031JG24F51006 worth?
The government has obligated $3,677,246 on 2031JG24F51006.
Is contract 2031JG24F51006 an order under another contract?
Yes. 2031JG24F51006 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F51006 competed?
The extent of competition for 2031JG24F51006 was full and open competition.
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