[meteorite-list] Ad New Canadian Meteorite for sale

From: Michael Farmer <meteoriteguy_at_meteoritecentral.com>
Date: Fri, 5 Dec 2008 10:22:07 -0800 (PST)
Message-ID: <940211.99222.qm_at_web110203.mail.gq1.yahoo.com>

This is where pricing becomes difficult. Carancas was an extraordinary event. Very little material found, half of what was found was dust. $100 gram was a fair price, as I sold out at that price in hours.
The 13 kilo piece of the Canadian fall weighs as much as nearly all of the Carancas found. Some pieces sell cheap now because people in Peru and Bolivia held too long, waiting for more money, while I and others filled up all buyers and museums, now there is not the demand because everyone already has it.

Canada is a widespread fall, apparently everyone and their brother up there has found stones, so they will start trickling out. The videos make this fall a must have. I am not trying to set a price, just mulling over the last decade of falls and the price outcomes and this is where I see it ending up. Depends of course on export etc, but Canadian government will not spend millions of this chondrite. Tagish was a different creature, rarest meteorite almost that ever fell.
We will see, it will take months to get export permits, time for TKW etc to firm up and tell us more.
mike



--- On Fri, 12/5/08, Greg Catterton <star_wars_collector at yahoo.com> wrote:

> From: Greg Catterton <star_wars_collector at yahoo.com>
> Subject: Re: [meteorite-list] Ad New Canadian Meteorite for sale
> To: meteorite-list at meteoritecentral.com
> Date: Friday, December 5, 2008, 11:15 AM
> I agree 100% on this. $50 per gram is too high, the Carancas
> for example was $100 per gram at first, now it can be had
> for under $20 per gram.
> I have read several places that it is only valued at $1 -
> $10 per gram. I will wait a bit myself.
>
> Greg
>
>
> --- On Fri, 12/5/08, Michael Farmer
> <meteoriteguy at yahoo.com> wrote:
>
> > From: Michael Farmer <meteoriteguy at yahoo.com>
> > Subject: Re: [meteorite-list] Ad New Canadian
> Meteorite for sale
> > To: gmhupe at htn.net, meteoriteplaya at gmail.com,
> MeteorHntr at aol.com
> > Cc: meteorite-list at meteoritecentral.com
> > Date: Friday, December 5, 2008, 1:10 PM
> > 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
> > >
> > > **************Make your life easier with all your
> > friends,
> > > email, and
> > > favorite sites in one place. Try it now.
> > >
> >
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Received on Fri 05 Dec 2008 01:22:07 PM PST