Raw gold bullion
Ended Awarded
- Contract number
- 2031JG25F51084
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,067,999
Award facts
- Contract value 100% obligated
- $5,067,999.42 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, valued at $5,067,999.42, 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, particularly in precious metals. The contract is a firm fixed-price delivery order with an ultimate completion date of October 31, 2024.
Stonex Financial LTD appears to hold two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, one for the supply of silver raw materials with a $10 billion ceiling value, and another for the supply of raw gold bullion, though the specific ceiling value is not provided. 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 strategic procurement approach allows the Mint to consistently source critical raw materials from a proven international supplier to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG25F51084?
2031JG25F51084 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 8, 2024.
How much is contract 2031JG25F51084 worth?
The government has obligated $5,067,999 on 2031JG25F51084.
Is contract 2031JG25F51084 an order under another contract?
Yes. 2031JG25F51084 is a delivery order under 2031JG20D00010, an indefinite delivery contract.
Was contract 2031JG25F51084 competed?
The extent of competition for 2031JG25F51084 was full and open competition.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award