Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F51073
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,980,411
Award facts
- Contract value 100% obligated
- $3,980,411.02 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 (2031JG20D00010|2031JG24F51073) was issued by the United States Mint, a civilian agency, to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of raw gold bullion, with a ceiling value of $3,980,411.02. The contract is a firm fixed price delivery order, without any set-aside designation.
Stonex Financial LTD appears to have two significant indefinite delivery vehicle (IDV) contracts with the United States Mint - one for $10 billion in silver raw materials and another for an unstated ceiling value in raw gold bullion. Under these IDVs, the Mint routinely issues delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to maintain a steady and reliable supply of precious metals from this international source. These contracts enable the United States Mint to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG24F51073?
2031JG24F51073 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on September 11, 2024.
How much is contract 2031JG24F51073 worth?
The government has obligated $3,980,411 on 2031JG24F51073.
Is contract 2031JG24F51073 an order under another contract?
Yes. 2031JG24F51073 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F51073 competed?
The extent of competition for 2031JG24F51073 was full and open competition.
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