Silver raw material
Ended Awarded
- Contract number
- 2031JG25F56066
- Awardee
-
Stonex Financial LTD UEI ZRGFMMN3RXV8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $17,824,531
Award facts
- Contract value 100% obligated
- $17,824,531.18 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 is a federal contract award to Stonex Financial LTD, a for-profit international organization based in London, United Kingdom, that specializes in global commodity trading and risk management, with a focus on precious metals. The contract is for the delivery of silver raw material and silver bullion to the United States Mint, a civilian agency within the U.S. government.
The contract has an award value of $17,824,531.18 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. Stonex Financial LTD holds two significant indefinite delivery vehicle (IDV) contracts with the United States Mint, one for silver raw materials with a $10 billion ceiling value, and another for raw gold bullion. These IDVs enable 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 2031JG25F56066?
2031JG25F56066 was awarded to Stonex Financial LTD by United States Mint (Department of the Treasury) on March 11, 2025.
How much is contract 2031JG25F56066 worth?
The government has obligated $17,824,531 on 2031JG25F56066.
Is contract 2031JG25F56066 an order under another contract?
Yes. 2031JG25F56066 is a delivery order under 2031JG21D00023, an indefinite delivery contract.
Was contract 2031JG25F56066 competed?
The extent of competition for 2031JG25F56066 was full and open competition. The government received 3 offers.
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