Silver raw material
Ended Awarded
- Contract number
- 2031JG24F56041
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $18,706,738
Award facts
- Contract value 100% obligated
- $18,706,737.98 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 · 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, valued at $18,706,737.98, was issued by the United States Mint to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The contract is for the delivery of silver raw material and silver bullion, which are essential raw materials for the Mint's production of circulating coins, commemorative coins, bullion coins, and national medals.
The contract is a delivery order issued under two larger indefinite delivery vehicle (IDV) contracts held by Stonex Financial LTD with the United States Mint. The primary IDV is a $10 billion multiple-award contract for silver raw materials, while the second IDV 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. The contract does not have a set-aside designation, indicating open competition.
Quick answers
Who was awarded contract 2031JG24F56041?
2031JG24F56041 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on September 5, 2024.
How much is contract 2031JG24F56041 worth?
The government has obligated $18,706,738 on 2031JG24F56041.
Is contract 2031JG24F56041 an order under another contract?
Yes. 2031JG24F56041 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG24F56041 competed?
The extent of competition for 2031JG24F56041 was full and open competition. The government received 3 offers.
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