[meteorite-list] Dealer Refunds
From: Jim <Jim_at_meteoritecentral.com>
Date: Thu Apr 22 10:22:44 2004 Message-ID: <001101c33db3$01569e40$6401a8c0_at_ATTBI.com> This is a multi-part message in MIME format. ------=_NextPart_000_000E_01C33D91.79F8B300 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable If it is indeed Park Forest that we are talking about here then this is = a classic example of what can happen which is out of a dealers control. = The dealers who were first on the scene got a few good deals at a couple = of dollars a gram but not much material changed hands at this price. = Then the next day the locals were asking up to $10- per gram and the = dealers were paying it as the specimens were fresh and the meteorite was = HOT. Sales to collectors were happening by dealers while they were = still in Chicago. The locals got greedy and started asking for more $$$ = even though the later finds showed signs of weathering. The dealers = started walking away leaving those "potential millionaires" holding on = to their rocks. Next thing you know some of those locals started listing the PF = meteorites on ebay at what would be considered the high wholesale price = paid by some dealers. I saw sellers with ZERO feedback selling PF on = ebay. Now just because someone has ZERO $$$ in their specimen and is willing = to sell a few pieces at wholesale prices on ebay does not mean that this = will be the market maker price. In fact I would suspect that the smart = dealers would just hold on to their remaining pieces until these = armatures sell their pieces and the market returns to some sense of = normalcy. (Remember Steve Schoner's millbillillie story?) So, should every dealer who sold PF on the first or second day refund = all the $$$ paid by collectors just because there are a few pieces that = show up on ebay at wholesale prices. The short answer is NO. By-the-way, I have not Bought or Sold any Park Forest so I have no = vested interest in the market price of this meteorite. Best Wishes....... Jim Strope 421 Fourth Street Glen Dale, WV 26038 Catch a Falling Star Meteorites http://www.catchafallingstar.com ------=_NextPart_000_000E_01C33D91.79F8B300 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>If it is indeed Park Forest that we are talking about here then = this is a=20 classic example of what can happen which is out of a dealers = control. The=20 dealers who were first on the scene got a few good deals at a couple of = dollars=20 a gram but not much material changed hands at this price. Then the = next=20 day the locals were asking up to $10- per gram and the dealers were = paying it as=20 the specimens were fresh and the meteorite was HOT. Sales to = collectors=20 were happening by dealers while they were still in Chicago. The = locals got=20 greedy and started asking for more $$$ even though the later finds = showed signs=20 of weathering. The dealers started walking away leaving those = "potential=20 millionaires" holding on to their rocks.</DIV> <DIV> </DIV> <DIV>Next thing you know some of those locals started listing the PF = meteorites=20 on ebay at what would be considered the high wholesale price paid by = some=20 dealers. I saw sellers with ZERO feedback selling PF on = ebay.</DIV> <DIV> </DIV> <DIV>Now just because someone has ZERO $$$ in their specimen and is = willing to=20 sell a few pieces at wholesale prices on ebay does not mean that this = will be=20 the market maker price. In fact I would suspect that the smart = dealers=20 would just hold on to their remaining pieces until these armatures = sell=20 their pieces and the market returns to some sense of normalcy. (Remember = Steve=20 Schoner's millbillillie story?)</DIV> <DIV> </DIV> <DIV>So, should every dealer who sold PF on the first or second day = refund all=20 the $$$ paid by collectors just because there are a few pieces that show = up on=20 ebay at wholesale prices. The short answer is NO.</DIV> <DIV> </DIV> <DIV>By-the-way, I have not Bought or Sold any Park Forest so I have no = vested=20 interest in the market price of this meteorite.</DIV> <DIV> </DIV> <DIV>Best Wishes.......</DIV> <DIV> </DIV> <DIV>Jim Strope<BR>421 Fourth Street<BR>Glen Dale, WV 26038</DIV> <DIV> </DIV> <DIV>Catch a Falling Star Meteorites<BR><A=20 href=3D"http://www.catchafallingstar.com">http://www.catchafallingstar.co= m</A><BR></DIV></BODY></HTML> ------=_NextPart_000_000E_01C33D91.79F8B300-- Received on Sat 28 Jun 2003 04:22:32 PM PDT |
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