Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52257
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,845,039
Award facts
- Contract value 100% obligated
- $3,845,039.13 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 within the U.S. government. The $3,845,039.13 firm fixed price delivery order contract was awarded to Stonex Financial LTD, a for-profit organization based in London, United Kingdom that specializes in global commodity trading and risk management with a focus on precious metals.
Stonex Financial LTD is the prime contractor on this contract and has also been awarded two significant indefinite delivery vehicle (IDV) contracts by the United States Mint, one for silver raw materials with a $10 billion ceiling value and another for raw gold bullion. These IDVs allow the Mint to issue firm fixed price 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 an international source to support the agency's ongoing coin and medal production operations. This contract award does not have a set-aside designation.
Quick answers
Who was awarded contract 2031JG24F52257?
2031JG24F52257 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 14, 2024.
How much is contract 2031JG24F52257 worth?
The government has obligated $3,845,039 on 2031JG24F52257.
Is contract 2031JG24F52257 an order under another contract?
Yes. 2031JG24F52257 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F52257 competed?
The extent of competition for 2031JG24F52257 was full and open competition.
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