[meteorite-list] Ad New Canadian Meteorite for sale

From: Jeff Kuyken <info_at_meteoritecentral.com>
Date: Sun, 7 Dec 2008 18:18:46 +1100
Message-ID: <907F937D1D8A4B4CA3651D01AA9C11A5_at_JeffPC>

Steve and Mike both touched on an interesting point here that I was
pondering myself the last couple of days. The material found now will be
different to the material found weeks, months and years down the track. I
didn't realise how much a fall can vary until "Amgala" (Oum Dreyga). I
purchased a 15g individual from Mike Farmer from his very first batch of
about 1kg. I believe these were about the first stones picked up. I paid
about $10/g and it was worth every cent. I have several other Oum Dreyga
specimens from numerous sources and NONE come even close to the first 15g
which looks like soot would rub off on your hands. In fact no other recent
fall I have appears as fresh as this stone. Two other recent falls that come
immediately to mind with vast differences in weathering are Park Forest and
Moss.

So maybe $50/g is high but maybe it's also not so bad considering what the
other stones 'might' be like down the track. You can also speculate all you
like but there are so many factors which will dictate the price of a fall.
And I don't think you can really compare one with another. Comparing this
Canadian fall with Carancas is probably not a good measure at all. They are
two totally different falls with two totally different stories.

The most important thing to remember about the 'value' of a meteorite (or
anything for that matter) is that it is only worth what someone is willing
to pay.

Cheers,

Jeff



----- Original Message -----
From: <MeteorHntr at aol.com>
To: <star_wars_collector at yahoo.com>; <meteorite-list at meteoritecentral.com>
Sent: Saturday, December 06, 2008 5:34 AM
Subject: Re: [meteorite-list] Ad New Canadian Meteorite for sale


> 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
>
> **************Make your life easier with all your friends, email, and
> favorite sites in one place. Try it now.
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Received on Sun 07 Dec 2008 02:18:46 AM PST