Raw gold bullion
Ended Awarded Last action
- Contract number
- 2031JG24F52261
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,414,738
Award facts
- Contract value 100% obligated
- $3,414,738.23 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$341 | |
| Original award | $3,415,080 |
About this award
This federal contract award to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, is for the delivery of raw gold bullion to the United States Mint. The contract is a firm fixed price delivery order with a ceiling value of $3,414,738.23 and an ultimate completion date of March 29, 2024.
Stonex Financial LTD has been awarded multiple indefinite delivery vehicle (IDV) contracts with the United States Mint, including a $10 billion IDV for the supply of silver raw materials and an additional IDV for raw gold bullion supply. Under these IDVs, the Mint issues firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each. This contract award is not associated with any set-aside designation.
The United States Mint, as a civilian agency, relies on Stonex Financial LTD as a critical supplier of precious metals used in the production of circulating coins, commemorative coins, bullion coins, and national medals. This contract award and the broader IDV relationships demonstrate the Mint's strategic procurement approach to consistently source essential raw materials from a proven international supplier.
Quick answers
Who was awarded contract 2031JG24F52261?
2031JG24F52261 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 11, 2024.
How much is contract 2031JG24F52261 worth?
The government has obligated $3,414,738 on 2031JG24F52261.
Is contract 2031JG24F52261 an order under another contract?
Yes. 2031JG24F52261 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG24F52261 competed?
The extent of competition for 2031JG24F52261 was full and open competition.
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