Silver raw material
Ended Awarded
- Contract number
- 2031JG23F56017
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $14,999,258
Award facts
- Contract value 100% obligated
- $14,999,258.10 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, valued at $14,999,258.10, 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 with a focus on precious metals.
The contract is a firm fixed price delivery order, without any set-aside designation, and is associated with two larger indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD with the United States Mint. The primary IDV, awarded in June 2021, is a multiple-award contract for silver raw materials with a $10 billion ceiling value, extending through December 2040. The second IDV appears to be for raw gold bullion supply. 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, to maintain a steady and reliable supply of precious metals from an international source, supporting the agency's ongoing coin and medal production operations.
Quick answers
Who was awarded contract 2031JG23F56017?
2031JG23F56017 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on July 3, 2023.
How much is contract 2031JG23F56017 worth?
The government has obligated $14,999,258 on 2031JG23F56017.
Is contract 2031JG23F56017 an order under another contract?
Yes. 2031JG23F56017 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG23F56017 competed?
The extent of competition for 2031JG23F56017 was full and open competition. The government received 3 offers.
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