Provide base metals strip for circulating coinage. Mint MAC base metal strip
Ended Awarded Last action
- Contract number
- 2031JG26F71119
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $8,321,220
Award facts
- Contract value 100% obligated
- $8,321,219.64 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 331420 Copper Rolling, Drawing, Extruding, and Alloying
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Cedar Rapids, IA 52404, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $2,141,292 | |
| Funding Only Action | $1,814,904 | |
| Other Administrative Action | $1,246,925 | |
| Original award | $3,118,098 |
About this award
The United States Mint awarded a delivery order modification to PMX Industries, Inc., a Cedar Rapids, Iowa-based manufacturer and subsidiary of South Korean company Poongsan Corporation, to provide base metals strip for circulating coinage production. This modification, designated P00003, adds quantities and funding for Week #4 deliveries under a firm fixed-price delivery order contract with a ceiling value of $8.32 million. The contract involves no set-aside designation, reflecting PMX Industries' established position as the sole supplier of specialized metal components essential to U.S. currency manufacturing. The work will be performed at the contractor's facility in Cedar Rapids, Iowa, with an ultimate completion date of February 5, 2026.
This delivery order is issued under PMX Industries' larger indefinite delivery/indefinite quantity (IDIQ) multiple-award contract valued at $2.3 billion, awarded by the United States Mint on February 1, 2023, with completion through September 30, 2032. Since the IDIQ award, the Mint has issued over 40 firm fixed-price delivery order task orders ranging from approximately $250,000 to $19.9 million to procure the base metals strip—including copper, nickel, and zinc compositions—necessary for manufacturing quarters, dimes, nickels, and pennies. The contract structure provides procurement flexibility to ensure reliable supply chain continuity for the specialized raw materials required to maintain the Mint's operational capacity for circulating coin production. All modifications include adjustments for quantity requirements, weekly production funding allocations, and routing modifications between mint locations as needed.
Quick answers
Who was awarded contract 2031JG26F71119?
2031JG26F71119 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on January 5, 2026.
How much is contract 2031JG26F71119 worth?
The government has obligated $8,321,220 on 2031JG26F71119.
Is contract 2031JG26F71119 an order under another contract?
Yes. 2031JG26F71119 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG26F71119 competed?
The extent of competition for 2031JG26F71119 was full and open competition. The government received 2 offers.
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