[meteorite-list] Ad New Canadian Meteorite for sale

From: Michael Farmer <meteoriteguy_at_meteoritecentral.com>
Date: Fri, 5 Dec 2008 10:10:12 -0800 (PST)
Message-ID: <179398.99397.qm_at_web110215.mail.gq1.yahoo.com>

This meteorite will end up with a retail value of ~$10 gram or so, give or take a few $ and perhaps $25 gram for small stones. There will be a huge amount of this meteorite found, the videos show every local schoolkid walking around with meteorites, and the real hunting hasnt even started yet. The snow is about to fall, putting the meteorite in deep freeze. Most of us hunters are talking and planning major hunts for springtime when the thaw comes.
I forsee at least a few hundred kilos of stones being found.
Canada will allow export of stones, that wont be a problem for a common chondrite, since the government will have plenty of material.
Kudos to Sonny and McCartney, but the price will not be set be a single sale.
Michael Farmer


--- On Fri, 12/5/08, MeteorHntr at aol.com <MeteorHntr at aol.com> wrote:

> From: MeteorHntr at aol.com <MeteorHntr at aol.com>
> Subject: Re: [meteorite-list] Ad New Canadian Meteorite for sale
> To: gmhupe at htn.net, meteoriteplaya at gmail.com, meteoriteguy at yahoo.com
> Cc: meteorite-list at meteoritecentral.com
> Date: Friday, December 5, 2008, 10:58 AM
> Greg,
>
> As I understand, the Canadian law was put in place to give
> Canadian
> Scientists first shot at ALL the grant money on research
> for any newly found
> meteorites in Canada.
>
> If any meteorite is allowed outside the Canadian borders,
> it would allow
> some other scientist or institution in another country to
> get that grant money.
> In some cases that grant money could total in the tens of
> thousands or
> hundreds of thousands of dollars.
>
> I am not sure what Canadian Meteorite Researchers earn
> each year, but their
> salaries can't be cheap for their employers.
>
> So, as long as the physical rock stayed in Canada, then no
> harm can be done
> to the Canadian scientists.
>
> Years ago, I purchased a new Canadian Meteorite when I
> drove to Canada. I
> gave it to a Canadian collector to hold for me when I
> returned to the states
> to figure out what I wanted to do with it. I then sold
> the ownership of the
> rock to another American meteorite dealer, even though the
> rock always
> remained, and to this day it still remains in Canada.
>
> I would imagine, if this meteorite is indeed an ordinary
> chondrite, there
> will be little research money given to study it. So the
> scientists probably
> will not be interested in buying much of it, since there
> will be little to no
> return on their investment.
>
> If there is 100,000 grams eventually found, they probably
> will not want to
> pay over $10/g, or spend $1,000,000 if their grant money
> they will earn would
> be less than $1,000,000.
>
> The reason why the Canadians were willing to pay the one
> guy $650,000 for
> his 650g Tagish Lake, is because they could make so much
> MORE profit off the
> grant money to study that one.
>
> So if any finds from the Marsden Meteorite are submitted
> for an export
> permit, all the institutions in Canada will get to stall
> for 6 months to
> eventually end up saying that they don't want to buy
> any of them, providing that in
> the next 6 months they get more than enough donated to
> them for free, or if
> someone else wants to sell them some at below market
> values.
>
> I think the real question to be asked is HOW do they
> determine what the
> "fair market value" of the meteorites are?
>
> If Sonny and McCartney can find a buyer for $50 a gram,
> does that then force
> the government to now pay $50/g IF any others are found
> and the finders
> choose to request the export permit, and a Canadian
> institution would to buy them
> first? If Sonny or McCartney do not sell all of their
> finds at their
> asking price of $50/g, maybe they could put one of their
> finds up on Ebay, with
> the stipulation that the rock will NOT be shipped out of
> Canada, then Canadian
> bidders could help establish the retail value. Of course,
> a foreign buyer
> could bid and own it, even though they would not take
> actual physical
> possession of it.
>
> As I said before, IF the Canadian government is more than
> willing to pay a
> true fair market value on all found meteorites, then this
> is wonderful. It
> will encourage many people to go out and find meteorites in
> Canada knowing
> there is a reward waiting for their finds
>
> Steve Arnold #1
> www.SteveArnoldMeteorites.com
>
>
>
>
>
>
> In a message dated 12/5/2008 11:15:11 A.M. Central
> Standard Time,
> gmhupe at htn.net writes:
> Hello Mike, Mike and List,
>
> Doesn't the Canadian government have first right of
> refusal on any meteorite
> sales/purchases? I thought I read from one of our Canadian
> List members that
> only after the Canadian government, museum or such, has
> opted not to
> purchase a meteorite, then the "land owner" has
> the right to sell the
> meteorite(s).
>
> I'd like to hear from our Canadian friends to see if
> there is a clear
> definanition of the Canadian law regarding this.
>
> Best regards,
> Greg
>
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Received on Fri 05 Dec 2008 01:10:12 PM PST