Basic ordering agreement to provide silver raw material
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 2031JG21D00020
- Awardee
-
A-Mark Precious Metals, Inc. UEI CJZ8EW1Q7JJ6
- Awarding agency
-
United States Mint
Department of the Treasury
- Task orders
- 37 $585,509,865 obligated
Award facts
- Opportunity
-
- 2031JG21R00005 Solicitation number
- Combined order value
- $585,509,865 Current and potential, with all options
- Last date to order 28% complete
- IDV ceiling 6% used
- $10,000,000,000.00
- Maximum order
- $100,000,000.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- 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 · 2 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
Award details come from SAM.gov/FPDS.
About this IDV
The Department of the Treasury United States Mint awarded A-Mark Precious Metals, Inc. an indefinite delivery contract with a potential value of $10 billion to provide silver raw material from its facility in El Segundo, California. The contract is a basic ordering agreement establishing A-Mark as the sole-source provider of silver to support the Mint's coin and medal production programs through December 2040. Subsequent firm fixed price delivery orders issued against this agreement total over $300 million and require A-Mark to supply silver raw material to the Mint on specified dates ranging from one to three weeks in duration. Places of performance are consistently identified as A-Mark's El Segundo location. No subcontractors or socio-economic set asides are noted in the award documentation provided.
As the sole producer of United States coinage, the Mint has ongoing significant requirements for precious metal commodities like silver to manufacture circulating coins. This indefinite delivery contract and associated delivery orders allow the Mint to reliably meet production needs by procuring silver in scheduled deliveries from A-Mark, a specialized precious metals supplier. The contract vehicles appear tailored to leverage A-Mark's expertise while furnishing the silver necessary for the Mint to fulfill its mission of minting and issuing coinage over the twenty year period of the agreement.
Task orders
Show all 37
Quick answers
Who was awarded contract 2031JG21D00020?
2031JG21D00020 was awarded to A-Mark Precious Metals, Inc. by United States Mint (Department of the Treasury) on June 1, 2021.
How much is contract 2031JG21D00020 worth?
Orders under 2031JG21D00020 have obligated $585,509,865. 2031JG21D00020's own ceiling is $10,000,000,000. A single order can be worth up to $100,000,000.
How many orders have been placed under contract 2031JG21D00020?
37 orders have been placed under 2031JG21D00020, the latest on August 13, 2026.
Who can order from contract 2031JG21D00020?
2031JG21D00020 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 2031JG21D00020 competed?
The extent of competition for 2031JG21D00020 was full and open competition. The government received 2 offers.
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