Raw gold
Ended Awarded Last action
- Contract number
- 0943
- Awardee
-
Coins \'N Things, Inc. UEI GHHZCMTGD6J4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $29,394,299
Award facts
- Contract value 100% obligated
- $29,394,299.01 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 · 3 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- West Point, NY 10996, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Change Order | $2,379,119 | |
| Change Order | $10,210,024 | |
| Original award | $16,805,156 |
About this award
This is a federal delivery order contract awarded by the United States Mint to Coins 'N Things, Inc., a for-profit Subchapter S Corporation based in Bridgewater, Massachusetts. The contract, valued at $29,394,299.01, is for the delivery of raw gold to support the Mint's coin production programs. The contract has a period of performance through February 7, 2017 and is a firm fixed price delivery order.
Coins 'N Things, Inc. also holds a $10 billion multiple-award indefinite-delivery/indefinite-quantity (IDIQ) contract with the United States Mint, which serves as a basic ordering agreement to provide raw silver and gold materials to the agency on an as-needed basis through December 31, 2040. Under this IDIQ vehicle, the company receives individual firm fixed price delivery orders ranging from $4 million to $15.8 million.
The contract did not utilize any set-aside designations, indicating Coins 'N Things, Inc.'s competitive positioning as the sole supplier of bullion coins to the United States government. As a critical supplier of gold and silver bullion, the company plays a key role in the United States' coin manufacturing supply chain.
Quick answers
Who was awarded contract 0943?
0943 was awarded to Coins \'N Things, Inc. by United States Mint (Department of the Treasury) on January 25, 2017.
How much is contract 0943 worth?
The government has obligated $29,394,299 on 0943.
Is contract 0943 an order under another contract?
Yes. 0943 is a delivery order under TMHQ10C0044, an indefinite delivery contract.
Was contract 0943 competed?
The extent of competition for 0943 was full and open competition. The government received 3 offers.
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