Raw gold bullion
Ended Awarded
- Contract number
- 2031JG24F52171
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $2,956,021
Award facts
- Contract value 100% obligated
- $2,956,021.18 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- 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 firm fixed-price delivery order was awarded by the United States Mint, a bureau of the Department of the Treasury, to Asahi Refining USA Inc., a foreign-owned for-profit corporation. The contract, valued at $2,956,021.18, is for the delivery of raw gold bullion to the Mint's facility in Salt Lake City, Utah by September 24, 2024.
Asahi Refining USA has established itself as a critical supplier of precious metals, including raw gold and refined silver, to the United States Mint. The company holds two significant indefinite delivery contracts (IDVs) with the Mint, valued at up to $20 billion for raw gold bullion through 2040 and 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 2031JG24F52171?
2031JG24F52171 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on September 16, 2024.
How much is contract 2031JG24F52171 worth?
The government has obligated $2,956,021 on 2031JG24F52171.
Is contract 2031JG24F52171 an order under another contract?
Yes. 2031JG24F52171 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG24F52171 competed?
The extent of competition for 2031JG24F52171 was full and open competition.
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