Silver raw material

Ended Awarded

Contract number
2031JG23F56010
Awardee
Awarding agency
Obligated
$13,203,580

Award facts

Contract value 100% obligated
$13,203,580.48 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
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 · 4 offers Multiple Award, Fair Opportunity
Pricing
Firm Fixed Price
Place of performance
Great Britain, United Kingdom

Award details come from SAM.gov/FPDS.

About this award

This is a firm fixed-price delivery order contract awarded by the United States Mint, a civilian agency, to Stonex Financial LTD, a for-profit international organization based in the United Kingdom. The contract is for the supply of silver raw material and silver bullion, with a ceiling value of $13,203,580.48 and a period of performance ending on March 17, 2023.

Stonex Financial LTD appears to be a critical supplier of precious metal raw materials to the United States Mint, providing gold, silver, and palladium under multiple indefinite delivery vehicle (IDV) contracts, including a $10 billion IDV specifically for silver raw materials. This delivery order contract supports the Mint's ongoing coin and medal production operations by ensuring a reliable international supply chain for these critical raw materials.

Quick answers

Who was awarded contract 2031JG23F56010?

2031JG23F56010 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 9, 2023.

How much is contract 2031JG23F56010 worth?

The government has obligated $13,203,580 on 2031JG23F56010.

Is contract 2031JG23F56010 an order under another contract?

Yes. 2031JG23F56010 is a delivery order under 2031JG21D00023, an indefinite delivery contract.

Was contract 2031JG23F56010 competed?

The extent of competition for 2031JG23F56010 was full and open competition. The government received 4 offers.

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