Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52121
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,005,772
Award facts
- Contract value 100% obligated
- $3,005,771.56 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- PSC
- 9660 Precious Metals Primary Forms
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Salt Lake City, UT 84120, USA
Award details come from SAM.gov/FPDS.
About this award
This federal contract award is for the delivery of raw gold bullion to the United States Mint, a bureau of the Department of the Treasury. The contract, valued at up to $3,005,771.56, was awarded to Asahi Refining USA Inc., a foreign-owned, for-profit corporation that specializes in precious metal refining and bullion products.
Asahi Refining USA Inc. has been awarded multiple firm fixed-price delivery orders by the United States Mint, with individual contract values ranging from approximately $800,000 to over $77 million. These orders require the company to supply refined precious metals, including raw gold bullion, to the Mint's facility in Salt Lake City, Utah, by specified dates. The contract does not utilize any set-aside designations.
Asahi Refining USA Inc. also holds two significant indefinite delivery contracts (IDVs) with the United States Mint, one for up to $20 billion for raw gold bullion through 2040, and another for up to $10 billion for refined silver through 2040. These IDVs enable the Mint to issue delivery orders for precious metals without further competition, ensuring a reliable supply chain for U.S. coinage production over the next two decades.
Quick answers
Who was awarded contract 2031JG24F52121?
2031JG24F52121 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on July 25, 2024.
How much is contract 2031JG24F52121 worth?
The government has obligated $3,005,772 on 2031JG24F52121.
Is contract 2031JG24F52121 an order under another contract?
Yes. 2031JG24F52121 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG24F52121 competed?
The extent of competition for 2031JG24F52121 was full and open competition.
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