Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56065
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $17,837,235
Award facts
- Contract value 100% obligated
- $17,837,234.54 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 is for the delivery of silver raw material and silver bullion to the United States Mint, a civilian agency of the U.S. government. The contract has an award value of $17,837,234.54 and an ultimate completion date of March 18, 2025. It is a firm fixed price delivery order contract, without any set-aside designation, indicating open competition.
The prime contractor for this award is 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. Stonex Financial LTD has established itself as a critical supplier of raw materials to the United States Mint, providing high-value precious metal raw materials, including gold, silver, and palladium, which are essential for the production of circulating coins, commemorative coins, bullion coins, and national medals.
This contract award is part of a larger indefinite delivery vehicle (IDV) contract between Stonex Financial LTD and the United States Mint for silver raw materials, with a $10 billion ceiling value, awarded on June 23, 2021 and extending through December 31, 2040. This IDV enables the Mint to routinely issue firm fixed price delivery orders to Stonex Financial LTD, typically valued between $10 million and $16 million each, ensuring a reliable international supply chain for the agency's precious metal requirements.
Quick answers
Who was awarded contract 2031JG25F56065?
2031JG25F56065 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 11, 2025.
How much is contract 2031JG25F56065 worth?
The government has obligated $17,837,235 on 2031JG25F56065.
Is contract 2031JG25F56065 an order under another contract?
Yes. 2031JG25F56065 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56065 competed?
The extent of competition for 2031JG25F56065 was full and open competition. The government received 3 offers.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award