Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56015
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $15,652,523
Award facts
- Contract value 100% obligated
- $15,652,522.84 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 · 3 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 of the U.S. government. The 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, particularly in precious metals.
The contract, valued at $15,652,522.84, is a firm fixed price delivery order with an ultimate completion date of June 2, 2023. It is not a set-aside contract. Stonex Financial LTD has been awarded numerous similar contracts with the United States Mint since 2021, ranging from $1 million to $22 million per order, for the delivery of precious metal raw materials including gold, silver, and palladium. The company holds two significant indefinite delivery vehicle (IDV) contracts with the Mint, one for silver raw materials with a $10 billion ceiling value extending through 2040, and another for raw gold bullion supply. These IDVs allow the Mint to maintain a steady and reliable supply of critical raw materials from an international source to support its ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F56015?
2031JG23F56015 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 26, 2023.
How much is contract 2031JG23F56015 worth?
The government has obligated $15,652,523 on 2031JG23F56015.
Is contract 2031JG23F56015 an order under another contract?
Yes. 2031JG23F56015 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56015 competed?
The extent of competition for 2031JG23F56015 was full and open competition. The government received 3 offers.
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