[meteorite-list] CR2 prices ruin......

From: Meteordealer <meteor.dealer_at_meteoritecentral.com>
Date: Thu Apr 22 09:55:47 2004
Message-ID: <001d01c19fd5$abf81fe0$bb753d04_at_vz.dsl.genuity.net>

  What instability??? Most legitimate finds and falls ARE holding steady.
I'm a dealer. I compare the market prices of many meteorites on a daily
basis. Just about all of them i look at are the same price they've always
been or more. Zagami and Kapoeta are about the only ones i can think of that
have tanked. Mainly because at the time they were just about the only SNC
and Howardite you could get. People were willing to pay an arm and a leg to
get one so they could fill that hole in their collection, thus the inflated
price. Their price was based upon the rarity of the material. Now SNC's and
Howardite's are everywhere thus the novelty has worn off and the price has
gone down. As far as dealers "dumping" the old stuff to get cash doesn't
affect the retail value unless they unload a large percentage of the TKW.
Whoever buys it from them will most likely keep it or re-sell it for a
profit so in a sense the price will stay the same. The TKW of MOST
legitimate finds and falls is pretty well known so the supply isn't going to
go up and kill the value as it does with NWA's. If a farmer in Kansas plows
up a 10kg stone and a search is conducted yielding no further material, then
you could say the TKW is 10kg. A price per gram will be set on that material
based on the purchase price, the total mass, and the classification. You
don't have to worry about a nomad riding into town with another 100kg tied
to his camel. That is the reason MOST legitimate finds are fairly stable in
their price unless they are a VERY rare type.

Brad Sampson
meteor.dealer_at_gte.net

----- Original Message -----
From: "Michael Blood" <mlblood_at_cox.net>
To: "Meteordealer" <meteor.dealer_at_gte.net>
Cc: "Meteorite-list Meteoritecentral" <meteorite-list_at_meteoritecentral.com>
Sent: Thursday, January 17, 2002 7:32 PM
Subject: [meteorite-list] CR2 prices ruin......


> Meteordealer wrote:
> > Actually, the only prices being forced down tremendously are other
> > Moroccan finds. Legitimate finds and falls have held steady with many
> > steadily rising in price.....
> > Brad Sampson
> > ______________________________________________
> Brad and all,
> I must dissagree. PART of the "instability" is that some dealers who
> really count on sales for a living are selling some of the old stuff -
> at
> low enough prices to get cash NOW. I have never seen such a thing.
> But this does go on.
> For instance, I bought a VERY nice 2 gram Zagami
> for $588 a few months back. It was a VERY good price at the time.
> However, I made the mistake of not offering it for a couple of months.
> When I finally did, I offered it at $600 and got no takers. I later
> offered it at $500 and it sold and there were several who tried to get
> it AFTER it sold. So, right when I got it I probably could have sold it
> instantly for $750, but just a few months made a big difference.
> This is just one example. Zagami may well go UP in price equally as
> fast, and I believe it will inevitably do so, it is just a question of
> time.
> However, to say, " Legitimate finds and falls have held steady with many
> steadily rising in price.." is simply mistaken. They are NOT steady at
> all.
> Now, I used to be the strongest advocate for "meteorites as an
> investment." In fact, I never heard or read ANYONE say that before
> I did. Ironically, I feel it is true now more than ever. HOWEVER, it has
> gone from a "short term" to a "long term" investment FOR SURE. What
> a price will be a week or month from now is not at all "stable"
> regardless
> of pedegree. However, in 2 to 10 years from now is, in my opinion,
> a dramatic increase in prices is a slam dunk! Prices will go up VERY
> quickly......at some point. We just have no way of knowing now when
> that will be. But it SURE ain't "stable" now.
> (there ARE a few, but very few, exceptions: Canyon Diablo - they anin't
> makin' any more of that stuff, the same with Camel Donga and other rare,
> highly limited TKW materials and materials with a noted "history" -
> killed a
> horse, smashed a mailbox, etc.)
> Best wishes, Michael
>
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Received on Thu 17 Jan 2002 11:07:38 PM PST