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

From: Michael Farmer <farmerm_at_meteoritecentral.com>
Date: Thu Apr 22 09:55:47 2004
Message-ID: <002e01c19fcf$2d787440$3834b1d0_at_computer>

So you are stating that NWA are non-legitimate finds? Please define further.
I love the CR2, I just got home with a little and it is without a doubt, THE
most beautiful carbonaceous I have ever seen. Dean was an idiot for
"dumping" the only good meteorite he seems to have ever got his hands on.
Just as others "dumped" Bilanga, the only Diogenite fall in decades, like it
was trash, well, I have my supply and the people who dumped are out now.
Maybe they made a little profit, so be it, but I have my large supply of
Bilanga for the next few years, new collectors will need some, and I have
it, others don't. Same goes for the CR2. I am staring right now at a cut
oriented individual and it makes me so happy to have it. Dean dumped his,
ill retain mine and when the price goes back up when no more is to be had,
ill laugh while Dean calls me to get some for his customers.
By the way, I am mapping the CR2 strewnfield, so I have plenty of data now,
does that make it a legitimate meteorite Brad; worthy of a descent price?
I am jet-lagged from my long flights yesterday, so ill say goodnight.
Mike Farmer
METEORITEHUNTER
----- Original Message -----
From: "Meteordealer" <meteor.dealer_at_gte.net>
To: <meteorite-list_at_meteoritecentral.com>
Sent: Thursday, January 17, 2002 10:07 PM
Subject: Re: [meteorite-list] CR2 prices ruin......


> 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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> > Meteorite-list_at_meteoritecentral.com
> > http://www.pairlist.net/mailman/listinfo/meteorite-list
>
>
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Received on Thu 17 Jan 2002 10:21:08 PM PST