Silver raw material
Ended Awarded Last action
- Contract number
- 2031JG25F56060
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $21,528,902
Award facts
- Contract value 100% obligated
- $21,528,901.53 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$0 | |
| Original award | $21,528,902 |
About this award
This is a federal contract award to Stonex Financial LTD, a for-profit organization based in London, United Kingdom, that specializes in global commodity trading and risk management, with a focus on precious metals. The contract, valued at $21,528,901.53, is for the delivery of silver bullion and silver raw material to the United States Mint, a civilian agency under the Department of the Treasury.
The contract is a firm fixed-price delivery order that is part of a larger $10 billion indefinite delivery vehicle (IDV) contract for silver raw materials, awarded to Stonex Financial LTD on June 23, 2021. This IDV allows the Mint to issue routine delivery orders, typically valued between $10 million and $16 million, to Stonex Financial LTD to ensure a reliable international supply chain for the agency's precious metal requirements. The contract does not have a set-aside designation, indicating open competition.
Quick answers
Who was awarded contract 2031JG25F56060?
2031JG25F56060 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on February 13, 2025.
How much is contract 2031JG25F56060 worth?
The government has obligated $21,528,902 on 2031JG25F56060.
Is contract 2031JG25F56060 an order under another contract?
Yes. 2031JG25F56060 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56060 competed?
The extent of competition for 2031JG25F56060 was full and open competition. The government received 3 offers.
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