Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56012
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $11,882,783
Award facts
- Contract value 100% obligated
- $11,882,783.36 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 federal contract award is for the delivery of silver raw material to the United States Mint, a civilian agency within the U.S. government. The prime contractor is 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, valued at $11,882,783.36, is a firm fixed price delivery order that is not set aside for any specific business type. It has an ultimate completion date of April 5, 2023. Stonex Financial LTD has been awarded multiple similar contracts with the United States Mint since 2021, ranging from $1 million to $22 million per order, to supply precious metal raw materials such as gold, silver, and palladium. These contracts are often issued under the Mint's larger indefinite delivery vehicle (IDV) contracts with Stonex Financial LTD, which have ceiling values up to $10 billion and extend through 2040. The IDVs allow the Mint to consistently source critical raw materials from this proven international supplier to support the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F56012?
2031JG23F56012 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 29, 2023.
How much is contract 2031JG23F56012 worth?
The government has obligated $11,882,783 on 2031JG23F56012.
Is contract 2031JG23F56012 an order under another contract?
Yes. 2031JG23F56012 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56012 competed?
The extent of competition for 2031JG23F56012 was full and open competition. The government received 4 offers.
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