[meteorite-list] Opinion of Current Trends in Meteorite Prices
From: Mark Miconi <mam602_at_meteoritecentral.com>
Date: Thu Apr 22 09:48:56 2004 Message-ID: <002801c13658$c64f6b00$04f20541_at_fwlr1.az.home.com> This is a multi-part message in MIME format. ------=_NextPart_000_0025_01C1361E.19AD6F80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hello All, This is not meant as a slam for anyone so NO ONE take offense please. I = am currently investigating investment oppurtunities thats all. I have noticed that there seems to be a staggering trend to pricing = Meteorites at $0.01 - $1.00 as the starting price on Ebay. When I visit = some of the fine sites that sell meteorites I notice similar types and = sizes of stones that are on Ebay, only these are for sale at much higher = prices. I only started collecting 18 months ago, but it seems to me that the = prices of almost everything has dropped tenfold. I used to see Brahin Pallasites on ebay for $4.00-$10.00 a gram, = recently a 288gr piece sold for approximately $1.38 a gram. Sikhotes, = NWA's, all but the rarest seem to be really dropping in price. Now I am aware that the interest in all meteorites has skyrocketed, so = demand should be high. At the same time more dealers/sellers/sites have = emerged and the supply seems to be higher also. Where does everyone see this going? Are prices going to continue to = plummet? Does anyone think there is a bottom to all of it, afterall = there will be a limit to the supply. I have had some bank investments mature and really do not see any reason = to re-invest as the current returns suck, and with stock market pitching = and heaving I thought it would be a good time to buy some nice = meteorites, and sit on them for future sales. But in the last year the = price trends even in this market seem to be on the way down. Some of the = better stones are selling for a tenth of what they were selling for last = year. I planned on a 2-5 year wait before the resale but if things are going = to keep going down, maybe I should reconsider, and only buy for my = collection. Whats the thoughts on this? Thanks...Mark ------=_NextPart_000_0025_01C1361E.19AD6F80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2614.3500" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Hello All,</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>This is not meant as a slam for anyone = so NO ONE=20 take offense please. I am currently investigating investment = oppurtunities thats=20 all.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>I have noticed that there seems to be a = staggering=20 trend to pricing Meteorites at $0.01 - $1.00 as the starting price on = Ebay. When=20 I visit some of the fine sites that sell meteorites I notice similar = types and=20 sizes of stones that are on Ebay, only these are for sale at much higher = prices.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>I only started collecting 18 months = ago, but it=20 seems to me that the prices of almost everything has dropped=20 tenfold.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>I used to see Brahin Pallasites on ebay = for=20 $4.00-$10.00 a gram, recently a 288gr piece sold for approximately $1.38 = a gram.=20 Sikhotes, NWA's, all but the rarest seem to be really dropping in=20 price.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Now I am aware that the interest in all = meteorites=20 has skyrocketed, so demand should be high. At the same time more=20 dealers/sellers/sites have emerged and the supply seems to be higher=20 also.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Where does everyone see this going? Are = prices=20 going to continue to plummet? Does anyone think there is a bottom to all = of it,=20 afterall there will be a limit to the supply.</FONT></DIV> <DIV><FONT face=3DArial size=3D2>I have had some bank investments mature = and really=20 do not see any reason to re-invest as the current returns suck, and with = stock=20 market pitching and heaving I thought it would be a good time to buy = some nice=20 meteorites, and sit on them for future sales. But in the last year the = price=20 trends even in this market seem to be on the way down. Some of the = better stones=20 are selling for a tenth of what they were selling for last = year.</FONT></DIV> <DIV><FONT face=3DArial size=3D2>I planned on a 2-5 year wait before the = resale but=20 if things are going to keep going down, maybe I should reconsider, and = only buy=20 for my collection.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Whats the thoughts on = this?</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial = size=3D2>Thanks...Mark</FONT></DIV></BODY></HTML> ------=_NextPart_000_0025_01C1361E.19AD6F80-- Received on Wed 05 Sep 2001 06:19:05 PM PDT |
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