[meteorite-list] Ad New Canadian Meteorite for sale

From: MeteorHntr at aol.com <MeteorHntr_at_meteoritecentral.com>
Date: Fri, 5 Dec 2008 13:34:46 EST
Message-ID: <c8d.3629401a.366ace46_at_aol.com>

In a message dated 12/5/2008 12:16:00 P.M. Central Standard Time,
star_wars_collector at yahoo.com writes:
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


Greg and All,

I tend to agree that the price MIGHT drop to $10/g, especially if there is a
high degree of rusting on the specimens found later next year.

However, there is a chance the Canadians might offer to buy all or most of
the ones already found.

If the land owners can get a tax credit on $50/g to donate them, everyone up
there might be happy to donate them, and at a 50% tax rate, that is the same
as getting $25/g cash in hand to the overtaxed Canadians.

It sounds like most of the land owners are very wealthy, so money may not
mean anything to them. They might donate them all and not even care about a
tax break or cash values at all.

If only a few kilos make it to the market place, then we could see the value
be higher than $10/g.

If we seen hundreds of rusty kilos coming onto the market, then we could see
the prices end up way below $10/g.

In any case, we probably will have to wait for the 6 months to pass to see
what is not purchased by the Canadian Government.

One thing is sure, if ALL the masses were put on a restricted Canadian only
collector market, a few hundred kilos would probably sell for $0.10 a gram or
even less.

A smart thing might be to buy one specimen from Sonny and McCartney NOW at
$50/g and then buy more later at $10/g and if the price goes down to under
$1/g then buy so much more that you will have cost averaged your first purchase
at $50/g down to a reasonable level.

Of course, if you are one of those people that get a rush at owning the
newest most famous meteorite that everyone is talking about around the water
cooler, then how can you put a value on that???

:-)

And also, realize that if you do buy a meteorite from Sonny and McCartney
now, you are investing into field recovery. I seriously doubt they will make a
profit on this trip even if they sold what little they found at $100/g, but
if they can come close to breaking even, maybe next time they will again be
able to afford to get on the scene early and find more.

And at the very least, we should congratulate them on getting to the scene
and making an effort.

Good job guys, and congratulations!

Steve Arnold #1
www.SteveArnoldMeteorites.com

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Received on Fri 05 Dec 2008 01:34:46 PM PST