[meteorite-list] Lunar meteorites selling for peanuts

From: Peter Scherff <peterhscherff_at_meteoritecentral.com>
Date: Sat, 30 May 2015 11:29:11 -0400
Message-ID: <000901d09aed$614876d0$23d96470$_at_gmail.com>

Hi Dennis,

>From what I hear if you have $50,000 to spend you can buy cheap lunar
meteorites. The retail prices that I have seen are $300 to $250 per gram.

Thanks,

Peter

-----Original Message-----
From: Meteorite-list [mailto:meteorite-list-bounces at meteoritecentral.com] On
Behalf Of Apollo via Meteorite-list
Sent: Saturday, May 30, 2015 10:31 AM
To: Bigjohn Shea via Meteorite-list
Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts

Good morning,
I guess that I haven't been following the market as closely as I should
have...but if any dealers have nice Martian or lunar specimens for sale at
prices anywhere near what the recent posts have mentioned, I would
appreciate hearing from you.
Thanks,
Dennis

Sent from my iPhone

> On May 30, 2015, at 6:41 AM, Bigjohn Shea via Meteorite-list
<meteorite-list at meteoritecentral.com> wrote:
>
>
> It is true that rare things will always be rare and will be priced
accordingly, and for that reason you may be entirely right Michael that it
can be simply supply and demand. Personally though, I think "supply and
demand" is too simple a concept for collectible items. What I mean is, I
wonder how much of this shift in price might be due to the recent strength
of the dollar?
>
> In case someone is not following:
> An example of this is what is happening in the antique Japanese sword
market. The value of the yen relative to the dollar is 120 to 1 currently.
Which is different than it was about a year ago when the dollar was weaker,
and the value was perhaps 100 to 1. Japanese swords in Japan that were
selling for 100,000 yen last year (1000 dollars) are not currently worth
120,000 yen in Japan. They are still only worth 100,000 yen. In other
words, the value of a sword does not go up simply because a foreign currency
became stronger. However, because the dollar is stronger now, you can get a
better sword out of Japan for the same price in dollars as you would have
paid for a lesser sword last year. In other words, 1000 dollars today
(120,000 yen) buys you a more valuable sword than it did last year simply
because the dollar got stronger.
>
> Now consider a sword that an American sword merchant/collector bought from
Japan last year for 1000 dollars (100,000 yen) and is now here in America.
It is still worth 1000 dollars here, but now that you can buy a 120,000 yen
sword for 1000 dollars, (and those swords are plenty available in Japan) why
would someone buy a sword valued at 100,000 yen for 1000 dollars here in
America, when they can get a "better" sword (valued at 120,000 yen) from
Japan for the same 1000 dollars?
>
> This same type of scenario can be true in for rare books, meteorites etc.
etc. If, for example, Mike Meteorite Merchant bought a 10,000 dollar 1000g
Lunar mass from Morocco last year when the dollar was weaker, now that the
dollar is stronger the same 1000g Lunar mass might only cost 8,000 dollars
from a merchant in Morocco. That devalues Mike's meteorite. If he wants to
sell bits and pieces of it, he has to sell it for similar value as what the
newer cheaper specimens are selling for.
>
> Can I say for sur
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Received on Sat 30 May 2015 11:29:11 AM PDT