Raw gold
Ended Awarded Last action
- Contract number
- 2031JG20F30125
- Awardee
-
Coins \'N Things, Inc. UEI GHHZCMTGD6J4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,000,838
Award facts
- Contract value 100% obligated
- $4,000,837.71 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 · 2 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Bridgewater, MA 02324, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $622,793 | |
| Original award | $3,378,045 |
About this award
This is a federal contract award to Coins 'N Things, Inc., a for-profit Subchapter S Corporation based in Bridgewater, Massachusetts, for the provision of raw gold to the United States Mint. The contract, awarded on April 14, 2020, has a ceiling value of $4,000,837.71 and a completion date of April 24, 2020. It is a firm fixed price, delivery order contract.
Coins 'N Things, Inc. is a critical supplier of gold and silver bullion for the U.S. Mint's coin production, serving as the sole supplier of bullion coins to the U.S. government. The company holds a larger $10 billion indefinite-delivery/indefinite-quantity (IDIQ) contract with the U.S. Mint, awarded on June 8, 2021, to provide raw silver and gold materials on an as-needed basis. This contract serves as a basic ordering agreement to support the Mint's ongoing coin production and bullion programs.
The contract award did not utilize a set-aside designation, indicating Coins 'N Things' competitive positioning in the market for precious metal supplies to the U.S. government.
Quick answers
Who was awarded contract 2031JG20F30125?
2031JG20F30125 was awarded to Coins \'N Things, Inc. by United States Mint (Department of the Treasury) on April 14, 2020.
How much is contract 2031JG20F30125 worth?
The government has obligated $4,000,838 on 2031JG20F30125.
Is contract 2031JG20F30125 an order under another contract?
Yes. 2031JG20F30125 is a delivery order under TMHQ10C0044, an indefinite delivery contract.
Was contract 2031JG20F30125 competed?
The extent of competition for 2031JG20F30125 was full and open competition. The government received 2 offers.
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