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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.
Compared to a week ago the availability of gold coins has improved again. Various gold coins are available from stock again. The coins that we do not have in stock can generally be delivered within two weeks.
Smelters are now clearing the backlog, which means that the availability of gold bars is also improving. Our suppliers expect to have cleared all backlogs by the beginning of June. For new silver coins, the expected delivery time is 4 to 6 weeks. Below you can see the current indication of the delivery times for new orders.
Many gold bars are already being delivered. We expect all newly ordered gold bars from C. Hafner within three to four weeks to be able to deliver it. For gold bars of Umicore, the delivery time is estimated four to six weeks. Gold bars that are in stock can of course be delivered immediately.
Most of the gold coins are now back readily available. We can already deliver most of the popular coins from stock. The coins that we do not have in stock can generally be within two weeks with the exception of old coins. For this, we depend on the supply on the secondary market.
Silver bars are sold less often due to the VAT of 21%. At the moment we can supply silver bars of the brand Remondis in limited quantities. These have an expected delivery time of one to two weeks. These silver bars, like the bars of Umicore LBMA certified. Please contact us for the most up-to-date information regarding silver bar delivery times.
Silver bars of 1,000 troy ounces in combination with storage in Switzerland are currently readily available, expected within 1 to 2 weeks. The smaller silver bars of 100 troy ounces are currently difficult to deliver, because we cannot yet order them from the Royal Canadian Mint.
Most new silver coins still have a long delivery time. At the moment we take into account delivery times of 4 to 6 weeks. From time to time we do receive silver coins from various years. For example, at the time of writing, we have silver Maple Leaf coins from various years in stock. Keep an eye on our website for the current stock status.
Do you want to sell your precious metals? Please contact us by phone or e-mail for an attractive offer.
We are still not taking orders for platinum and palladium. Of course, we deliver outstanding orders, but there are also longer delivery times than usual. Our Mikropakket delivery service will no longer deliver on Saturdays in the near future as a measure against the coronavirus.
Finally, we would like to report that shipping orders from our logistics center may take longer due to the large number of orders. As a result, shipping may still take a few days longer than you are used to from us.
