Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56043
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $20,797,079
Award facts
- Contract value 100% obligated
- $20,797,079.10 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 was made by the United States Mint, a civilian agency, to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom. The award, with a ceiling value of $20,797,079.10, is for the delivery of silver raw material and silver bullion to support the Mint's ongoing coin and medal production operations. The contract is a firm fixed price delivery order with no set-aside designation, indicating open competition.
Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint - a $10 billion ceiling value IDV for silver raw materials and an IDV for raw gold bullion. Under these IDVs, the Mint can routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, to ensure a reliable international supply chain for the agency's precious metal requirements.
Quick answers
Who was awarded contract 2031JG25F56043?
2031JG25F56043 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on October 9, 2024.
How much is contract 2031JG25F56043 worth?
The government has obligated $20,797,079 on 2031JG25F56043.
Is contract 2031JG25F56043 an order under another contract?
Yes. 2031JG25F56043 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56043 competed?
The extent of competition for 2031JG25F56043 was full and open competition. The government received 3 offers.
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