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We will keep you informed on a weekly basis of the latest developments regarding delivery times. As discussed earlier, due to the recent increase in demand for physical precious metals, the waiting time has increased sharply. In this weekly update, we update you on the current situation in the market and expected delivery times.
As you have noticed, many common products can now be ordered again. As we mentioned last week, Announced we have received a delivery of Canadian silver Maple Leaf coins. This means that we can start delivering orders for these coins in phases. However, there are so many orders open that we cannot deliver them all at once.
We expect all orders of new Maple Leaf coins to arrive 2 to 6 weeks to be extradited. The supply of new silver Philharmoniker coins is also starting again, which we expect to arrive 4 to 6 weeks to be extradited.
If you want to order silver coins now, the silver Krugerrand and the silver Kangaroo An interesting alternative. Also interesting is the silver Niue Owl, the cheapest silver coin of 1 troy ounce. All of these coins are available directly from stock at the time of writing. It is not possible to exchange an existing order for other silver coins.
For some products, the delivery times are still unknown, such as for the silver kilo coins of the Noah's Ark and Somali elephant series. As soon as we know more about that, we will indicate that in a next update. For all other products, you can follow the delivery times on the website.
Below you can see the main reasons why delivery times have increased since March. This information has not changed from the Previous Update.
Due to the measures against the coronavirus, there are still restrictions on the free movement of goods, especially internationally. Many planes are grounded, which means there is less capacity to transport precious metals. As a result, it takes longer for suppliers to get new stock to deliver. We notice this especially with the delivery of silver coins from different countries. Normally, these are transported by road, but due to the strict corona measures, this is not always possible. As a result, we currently receive few coins from our suppliers.
Which products does this affect? All silver coins.
How long will this take: That depends on the restrictions that various countries and international organizations have imposed on air traffic and international transport. The first deliveries are starting up again, but it may take some time before all orders can be delivered.
C. Hafner, a major supplier of gold bars, has announced that the production of gold bars has been delayed due to a shortage of packaging materials. The packaging of its gold bars originates from Italy and its producer was temporarily closed due to the coronavirus. As a result, there is a shortage of packaging material, which means that C. Hafner cannot yet supply the gold bars with all the gold bars.
Which products does this affect? All gold bars of C. Hafner
How long will this take: That depends on the relaxation of the corona measures in Italy. We expect that this problem will be solved within two weeks and that the gold bars can be delivered at the beginning of June.
Due to the coronavirus, several mints had to close their doors temporarily. At the same time, the demand for silver coins has exploded. This has created long queues that must first be cleared. Waiting times vary from one mint to another, because not all mints have been closed for the same amount of time. Also, coins from certain mints are more popular than other mints.
Which products does this affect? All silver coins, especially the Canadian Maple Leaf
How long will this take: We already receive regular deliveries of silver coins, but not enough to deliver all orders immediately. For many coins, the expected delivery time is 3 to 6 weeks.
Due to the large number of orders in recent weeks, it may take longer before we can ship your orders from our logistics center. Due to the coronavirus, only a limited number of people can work in the vault room. As a result, the actual shipment of your order may take a few days longer than you are used to from us.
Which products does this affect? All Orders
How long will this take: We are in the process of clearing the peak of all orders and expect that all orders delivered in the next two weeks may be slightly delayed.
