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

From: Mark Miconi <mam602_at_meteoritecentral.com>
Date: Thu Apr 22 09:55:48 2004
Message-ID: <001b01c19fdd$00e6d080$04f20541_at_fwlr1.az.home.com>

From: Mark Miconi <mam602_at_home.com>
Subject: Re: [meteorite-list] CR2 prices ruin......


> Brad,
> On Ebay this past year the price of Brahin Pallasite has dropped
> dramitcally. When I first thought about buying the samples I have, it was
> selling on Ebay for $5.00 - $7.00 a gram. I finally found it as it was on
> its way down at $2.00 a gram and recently Ivan has been averaging a $1.00
or
> less a gram.
>
> This 4583 gram beauty
> (http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1059147722) just
> sold for $4200.00 a MERE $0.91 a gram. There are alot of other examples
of
> other types that are down also.
>
> I do not research every type...but it seems to me that there is a much
> better supply of all type on Ebay and on websites and to me they all seem
to
> be down.
>
> Again I do not spend hours on research and at this time have my liquid
> assets invested in my wifes business so am not really buying. I have
really
> been tempted by the ones I have looked at recently for my personal
> collection as the prices seemed to be more reasonable.
>
> My 2 cents...Mark M.
> ----- Original Message -----
> From: Meteordealer <meteor.dealer_at_gte.net>
> To: <meteorite-list_at_meteoritecentral.com>
> Sent: Thursday, January 17, 2002 9:07 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
> > >
> > > ______________________________________________
> > > Meteorite-list mailing list
> > > Meteorite-list_at_meteoritecentral.com
> > > http://www.pairlist.net/mailman/listinfo/meteorite-list
> >
> >
> > ______________________________________________
> > Meteorite-list mailing list
> > Meteorite-list_at_meteoritecentral.com
> > http://www.pairlist.net/mailman/listinfo/meteorite-list
>
Received on Fri 18 Jan 2002 12:00:09 AM PST