Silver raw material
Ended Awarded
- Contract number
- 2031JG24F56035
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $17,830,981
Award facts
- Contract value 100% obligated
- $17,830,981.02 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 · 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 to Stonex Financial LTD, a for-profit international organization based in the United Kingdom. The contract is for the delivery of silver raw material and silver bullion, with a ceiling value of $17,830,981.02 and a completion date of May 8, 2024.
Stonex Financial LTD is an established supplier of precious metals to the United States Mint, having been awarded two significant indefinite delivery vehicle (IDV) contracts with the agency. The primary IDV is a $10 billion multiple-award contract for silver raw materials, while the second appears to be for raw gold bullion supply. These IDVs allow the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to support the Mint's ongoing coin and medal production operations.
This specific delivery order contract does not have a set-aside designation, indicating open competition. The contract supports the Mint's "SILVER BULLION" major program, which is a civilian agency program.
Quick answers
Who was awarded contract 2031JG24F56035?
2031JG24F56035 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on May 1, 2024.
How much is contract 2031JG24F56035 worth?
The government has obligated $17,830,981 on 2031JG24F56035.
Is contract 2031JG24F56035 an order under another contract?
Yes. 2031JG24F56035 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG24F56035 competed?
The extent of competition for 2031JG24F56035 was full and open competition. The government received 4 offers.
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