Raw gold bullion
Ended Awarded
- Contract number
- 2031JG25F52188
- Awardee
-
Asahi Refining USA Inc. UEI GL5NPDBBRMC8
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $3,257,313
Award facts
- Contract value 100% obligated
- $3,257,313.36 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, valued at $3,257,313.36, was issued 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 is for the delivery of raw gold bullion to the Mint's facility in Salt Lake City, Utah. The contract is structured as a firm fixed-price delivery order and does not utilize any set-aside designations.
Asahi Refining USA Inc. has established itself as a critical partner in maintaining the supply chain for U.S. coinage production, leveraging its nearly 200 years of experience in precious metal refining to meet the Mint's exacting specifications. The company holds two significant indefinite delivery contracts (IDVs) with the United States Mint, one for up to $20 billion for raw gold bullion and another for up to $10 billion for refined silver, both with ordering periods through 2040. These long-term contracts enable the Mint to issue delivery orders for precious metals without further competition, ensuring a reliable and efficient supply chain for essential commodities.
Quick answers
Who was awarded contract 2031JG25F52188?
2031JG25F52188 was awarded to Asahi Refining USA Inc. by United States Mint (Department of the Treasury) on October 29, 2024.
How much is contract 2031JG25F52188 worth?
The government has obligated $3,257,313 on 2031JG25F52188.
Is contract 2031JG25F52188 an order under another contract?
Yes. 2031JG25F52188 is a delivery order under 2031JG21D00006, an indefinite delivery contract.
Was contract 2031JG25F52188 competed?
The extent of competition for 2031JG25F52188 was full and open competition.
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