Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F51044
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,874,155
Award facts
- Contract value 100% obligated
- $3,874,155.35 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
- Cost Sharing
- Place of performance
- Great Britain, United Kingdom
Award details come from SAM.gov/FPDS.
About this award
This federal contract award, valued at $3,874,155.35, 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 to the United States Mint.
Stonex Financial LTD, doing business as Intl, 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 specific contract award is a delivery order under the raw gold bullion IDV. It does not have a set-aside designation and the performance period extends through July 25, 2024. The contract represents a strategic procurement approach that allows the United States Mint to consistently source critical raw materials from a proven international supplier, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG24F51044?
2031JG24F51044 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 17, 2024.
How much is contract 2031JG24F51044 worth?
The government has obligated $3,874,155 on 2031JG24F51044.
Is contract 2031JG24F51044 an order under another contract?
Yes. 2031JG24F51044 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F51044 competed?
The extent of competition for 2031JG24F51044 was full and open competition.
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