Dealer stock levels

[chrisdobb]

Is it me or are dealers stock levels running at a very low level.

I am in the market for some sovereigns but most daeler seem to be out of stock.

One certain dealer seems to be more or less permanently out of stock but this now seems to have spread.

[SidS]

Just out of interest are we talking new sovereigns (basically QE2) or all sovereign types?

[Pete]

58 minutes ago, chrisdobb said:

Is it me or are dealers stock levels running at a very low level.

I am in the market for some sovereigns but most daeler seem to be out of stock.

One certain dealer seems to be more or less permanently out of stock but this now seems to have spread.

Just looked at BullionbyPost and entered 100 full sovereigns to buy and all were ready to check out.
Who have you found are out of stock ?

[Thelonerangershorse]

45 minutes ago, Pete said:

Who have you found are out of stock ?

That would be Atkinsons.

Edited January 5, 2022 by Thelonerangershorse

[HerefordBullyun]

Maybe our resident dealer @LawrenceChard could give his point of view to the OP

[TringSilver]

1 hour ago, Thelonerangershorse said:

That would be Atkinsons.

Regular checking is required, pre owned and pre order 2022 both in stock again now 👍

[LawrenceChard]

3 hours ago, HerefordBullyun said:

Maybe our resident dealer @LawrenceChard could give his point of view to the OP

For what it's worth...

Even the Royal Mint are out of stock of 2022 sovereigns.

Despite thiss we bought some yesterday, and have paid for them, but I don't expect to receive them before about the 17th January.

At a slight tangent, I bought and paid for a one kilo gold RM coin about a month ago, and it has still not yet been delivered, along with a few other items. The RM said they would see what they had ready, and look into delivering them soon, but no details about which items. It sounds like they have not yet struck some of them.

As far as our company is concerned, at any one time, we usually have at least £10 million of stock, but usually £2-3 million awating inward shipping or en route to us. This has been the case since the start of Covid. I guess that most bullion dealers are experiencing similar, but with different values involved.

In the 1960's, things were simpler. If we had 1000 bullion sovereigns in stock, we could handle most bullion sales from stock. There were spikes at various times since, including the Global Credit Crisis.

Nowadays, it's not as simple, as customers expect to be able to buy this year's sovereigns, last year's, sometimes next year's, QEIIs, Kings, Victorias...

Half sovereigns, quarters, doubles, quintuples, new, old and by date...

Krugerrands, fractions, Maples, Britannias, Lunars, Kangaroo Nuggets, Eagles, Buffalos, Philharmonics, Pandas, Queen's Beasts, and so many others that I can't recall instantly...

...and that's just the gold.

...Then there is silver, platinum, palladium...

...and bars...

Some dealers also carry numismatic stock.

When the Covid crisis amd its effects eases off, things should get back closer to normal, whatever that is.

😎

Edited January 5, 2022 by LawrenceChard

[SlowFrog]

That's a really interesting and transparent post, Lawrence. Thanks for the insight 👍

[HerefordBullyun]

7 minutes ago, LawrenceChard said:

For what it's worth...

Even the Royal Mint are out of stock of 2022 sovereigns.

 

At a slight tangent, I bought and paid for a one kilo gold RM coin about a month ago, and it has still not yet been delivered, along with a few other items. The RM said they would see what they had ready, and look into delivering them soon, but no details about which items. It sounds like they have not yet struck some of them.

 

Its en route via delivered by HMS HerefordBullyun being delivered on the holy boat - it will be there in a few hundered years. I got a good rate for the new delivery contract rate with the RM.😁

If you want to use me as your new courier I am availible.

 

[LawrenceChard]

2 minutes ago, HerefordBullyun said:

Its en route via delivered by HMS HerefordBullyun being delivered on the holy boat - it will be there in a few hundered years. I got a good rate for the new delivery contract rate with the RM.😁

If you want to use me as your new courier I am availible.

 

As you mention the holy boat, I think it is due to arrive on the next Ark...

...And I don't mean Ark Royal.

😎

[HerefordBullyun]

Just now, LawrenceChard said:

As you mention the holy boat, I think it is due to arrive on the next Ark...

...And I don't mean Ark Royal.

😎

Arkwright? Youll be telling me now you are a bullion dealer Open all hours? My courier service works 24/7 365 mind so maybe we can negioate a decent rate. Lets do lunch. Steak is obviously off the menu as Im not a cannibal!  Youll be saying to me soon pull the Udder one!

Im here all year! BTW Happy New Year!

[LawrenceChard]

Just now, HerefordBullyun said:

Arkwright? Youll be telling me now you are a bullion dealer Open all hours? My courier service works 24/7 365 mind so maybe we can negioate a decent rate. Lets do lunch. Steak is obviously off the menu as Im not a cannibal!  Youll be saying to me soon pull the Udder one!

Im here all year! BTW Happy New Year!

So you take the day off on leaps years!

😎

[HerefordBullyun]

1 minute ago, LawrenceChard said:

So you take the day off on leaps years!

😎

Only if someone isnt talking too much bullocks in the cowshed HQ operations! 🐮

[LawrenceChard]

36 minutes ago, SlowFrog said:

That's a really interesting and transparent post, Lawrence. Thanks for the insight 👍

Ne rien!

🙂

[Griffo]

Interesting talking to @ LawrenceChard in messenger, it sounds like it's more worthwhile ordering through Chards than RM who seem to be on a different planet!

[HerefordBullyun]

1 minute ago, Griffo said:

Interesting talking to @ LawrenceChard in messenger, it sounds like it's more worthwhile ordering through Chards than RM who seem to be on a different planet!

If there any man who knows his onions is Lawerance, hes been around the block. He was in Baghdad when I was in me dads bag!

[LawrenceChard]

22 minutes ago, HerefordBullyun said:

If there any man who knows his onions is Lawerance, hes been around the block. He was in Baghdad when I was in me dads bag!

I may know more about onions than coins!

They've almost got the same letters in them.

It's possible to make rings out of both.

😎

[Booky586]

1 hour ago, HerefordBullyun said:

He was in Baghdad when I was in me dads bag!

Nice expression, made me smile and brings back memories. I was the youngest child and remember being told I was "the last shake of the bag" 😀

[Thelonerangershorse]

3 hours ago, LawrenceChard said:

I bought and paid for a one kilo gold RM coin about a month ago, and it has still not yet been delivered, along with a few other items. The RM said they would see what they had ready, and look into delivering them soon

If I'd paid for a kilo of gold, I'd want a little more reassurance than "we'll see what we've got and look into posting it" ! !

[LawrenceChard]

7 minutes ago, Thelonerangershorse said:

If I'd paid for a kilo of gold, I'd want a little more reassurance than "we'll see what we've got and look into posting it" ! !

Patience is a virtue...

...or is it a card game?

😎

[Lyrinn]

17 hours ago, HerefordBullyun said:

If there any man who knows his onions is Lawerance, hes been around the block. He was in Baghdad when I was in me dads bag!

Does this mean that, like Starbucks/Costa/Nero/Etc. coffee, if we buy 11 Soverigns, and get our card stamped, that we get a free bag of onions from Chards when we purchse the 12th Soverign?

[HerefordBullyun]

6 minutes ago, Lyrinn said:

Does this mean that, like Starbucks/Costa/Nero/Etc. coffee, if we buy 11 Soverigns, and get our card stamped, that we get a free bag of onions from Chards when we purchse the 12th Soverign?

@LawrenceChard Are you up for it? A chards bike to boot would be fitting. 

 

[Lyrinn]

2 minutes ago, HerefordBullyun said:

@LawrenceChard Are you up for it? A chards bike to boot would be fitting. 

 

The "Today I received" section of the forum will be filled up with images of members making French Onion soups!

 

Could even end up as a contest where Lawrence then has to judge which one looks the best - you can tell that I've been forced to watch British Bakeoff.

[Pete]

20 hours ago, Griffo said:

Interesting talking to @ LawrenceChard in messenger, it sounds like it's more worthwhile ordering through Chards than RM who seem to be on a different planet!

Not quite a different planet but almost as they are in Wales and we know all about the man in charge !
Workers at the RM will be fined if they showed up as they are all supposed to be working from home along with the DVLA.
Cannot imagine a few kilos of gold coins being sent to a home address for packing but then they didn't think about the practical problems of most workers.

[Griffo]

3 minutes ago, Pete said:

Not quite a different planet but almost as they are in Wales and we know all about the man in charge !
Workers at the RM will be fined if they showed up as they are all supposed to be working from home along with the DVLA.
Cannot imagine a few kilos of gold coins being sent to a home address for packing but then they didn't think about the practical problems of most workers.

I guess you are talking about Dickford, people can go to work, if they can't reasonably work from home.