Raw gold
Ended Awarded Last action
- Contract number
- 2031JG21F30311
- Awardee
-
Coins \'N Things, Inc. UEI GHHZCMTGD6J4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $5,873,116
Award facts
- Contract value 100% obligated
- $5,873,115.75 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
- Bridgewater, MA 02324, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $1,456,344 | |
| Original award | $4,416,771 |
About this award
This federal contract award, valued at $5,873,115.75, was issued by the United States Mint to Coins 'N Things, Inc., a for-profit Subchapter S Corporation based in Bridgewater, Massachusetts. The contract is for the delivery of raw gold, a critical raw material used in the Mint's coin production programs, including circulating coins, commemorative coins, and bullion coin programs.
Coins 'N Things, Inc. 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. Under this IDIQ vehicle, the company receives firm fixed price delivery orders ranging from $4 million to $15.8 million to support the Mint's ongoing coin production and bullion programs. This contract, which has an extended performance period through December 31, 2040, positions Coins 'N Things as an essential partner in the United States' coin manufacturing supply chain.
The current contract award of $5,873,115.75 is a short-term delivery order contract with a completion date of March 8, 2021. It does not have a set-aside designation, indicating that Coins 'N Things, Inc. has demonstrated its competitive positioning in the market for providing raw precious metals to the United States Mint.
Quick answers
Who was awarded contract 2031JG21F30311?
2031JG21F30311 was awarded to Coins \'N Things, Inc. by United States Mint (Department of the Treasury) on March 1, 2021.
How much is contract 2031JG21F30311 worth?
The government has obligated $5,873,116 on 2031JG21F30311.
Is contract 2031JG21F30311 an order under another contract?
Yes. 2031JG21F30311 is a delivery order under TMHQ10C0044, an indefinite delivery contract.
Was contract 2031JG21F30311 competed?
The extent of competition for 2031JG21F30311 was full and open competition. The government received 3 offers.
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