[meteorite-list] Lunar meteorites selling for peanuts

From: Michael Farmer <mike_at_meteoritecentral.com>
Date: Sat, 30 May 2015 08:29:44 -0700
Message-ID: <B64B1FE2-9584-43A2-9C8F-09E879D2AF43_at_meteoriteguy.com>

It's true that for those prices you need to lay out some money.

Sent from my iPad

> On May 30, 2015, at 8:29 AM, Peter Scherff via Meteorite-list <meteorite-list at meteoritecentral.com> wrote:
>
> 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
> ______________________________________________
>
> Visit our Facebook page https://www.facebook.com/meteoritecentral and the
> Archives at http://www.meteorite-list-archives.com
> Meteorite-list mailing list
> Meteorite-list at meteoritecentral.com
> https://pairlist3.pair.net/mailman/listinfo/meteorite-list
>
>
> ---
> This email has been checked for viruses by Avast antivirus software.
> http://www.avast.com
>
> ______________________________________________
>
> Visit our Facebook page https://www.facebook.com/meteoritecentral and the Archives at http://www.meteorite-list-archives.com
> Meteorite-list mailing list
> Meteorite-list at meteoritecentral.com
> https://pairlist3.pair.net/mailman/listinfo/meteorite-list
Received on Sat 30 May 2015 11:29:44 AM PDT