[meteorite-list] CR2 prices ruin......

From: Meteordealer <meteor.dealer_at_meteoritecentral.com>
Date: Thu Apr 22 09:55:48 2004
Message-ID: <001301c19fe8$006c2140$bb753d04_at_vz.dsl.genuity.net>

   I forgot to mention that one in my last posting. I'm sure it will start
going up again once the supply runs low.

Brad Sampson
meteor.dealer_at_gte.net

----- Original Message -----
From: "Mark Miconi" <mam602_at_home.com>
To: <meteorite-list_at_meteoritecentral.com>
Sent: Friday, January 18, 2002 12:00 AM
Subject: Fw: [meteorite-list] CR2 prices ruin......


>
> From: Mark Miconi <mam602_at_home.com>
> Subject: Re: [meteorite-list] CR2 prices ruin......
>
>
> > Brad,
> > On Ebay this past year the price of Brahin Pallasite has dropped
> > dramitcally. When I first thought about buying the samples I have, it
was
> > selling on Ebay for $5.00 - $7.00 a gram. I finally found it as it was
on
> > its way down at $2.00 a gram and recently Ivan has been averaging a
$1.00
> or
> > less a gram.
> >
> > This 4583 gram beauty
> > (http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1059147722) just
> > sold for $4200.00 a MERE $0.91 a gram. There are alot of other examples
> of
> > other types that are down also.
> >
> > I do not research every type...but it seems to me that there is a much
> > better supply of all type on Ebay and on websites and to me they all
seem
> to
> > be down.
> >
> > Again I do not spend hours on research and at this time have my liquid
> > assets invested in my wifes business so am not really buying. I have
> really
> > been tempted by the ones I have looked at recently for my personal
> > collection as the prices seemed to be more reasonable.
> >
> > My 2 cents...Mark M.
> > ----- Original Message -----
> > From: Meteordealer <meteor.dealer_at_gte.net>
> > To: <meteorite-list_at_meteoritecentral.com>
> > Sent: Thursday, January 17, 2002 9:07 PM
> > Subject: Re: [meteorite-list] CR2 prices ruin......
> >
> >
> > > What instability??? Most legitimate finds and falls ARE holding
> steady.
> > > I'm a dealer. I compare the market prices of many meteorites on a
daily
> > > basis. Just about all of them i look at are the same price they've
> always
> > > been or more. Zagami and Kapoeta are about the only ones i can think
of
> > that
> > > have tanked. Mainly because at the time they were just about the only
> SNC
> > > and Howardite you could get. People were willing to pay an arm and a
leg
> > to
> > > get one so they could fill that hole in their collection, thus the
> > inflated
> > > price. Their price was based upon the rarity of the material. Now
SNC's
> > and
> > > Howardite's are everywhere thus the novelty has worn off and the price
> has
> > > gone down. As far as dealers "dumping" the old stuff to get cash
doesn't
> > > affect the retail value unless they unload a large percentage of the
> TKW.
> > > Whoever buys it from them will most likely keep it or re-sell it for a
> > > profit so in a sense the price will stay the same. The TKW of MOST
> > > legitimate finds and falls is pretty well known so the supply isn't
> going
> > to
> > > go up and kill the value as it does with NWA's. If a farmer in Kansas
> > plows
> > > up a 10kg stone and a search is conducted yielding no further
material,
> > then
> > > you could say the TKW is 10kg. A price per gram will be set on that
> > material
> > > based on the purchase price, the total mass, and the classification.
You
> > > don't have to worry about a nomad riding into town with another 100kg
> tied
> > > to his camel. That is the reason MOST legitimate finds are fairly
stable
> > in
> > > their price unless they are a VERY rare type.
> > >
> > > Brad Sampson
> > > meteor.dealer_at_gte.net
> > >
> > > ----- Original Message -----
> > > From: "Michael Blood" <mlblood_at_cox.net>
> > > To: "Meteordealer" <meteor.dealer_at_gte.net>
> > > Cc: "Meteorite-list Meteoritecentral"
> > <meteorite-list_at_meteoritecentral.com>
> > > Sent: Thursday, January 17, 2002 7:32 PM
> > > Subject: [meteorite-list] CR2 prices ruin......
> > >
> > >
> > > > Meteordealer wrote:
> > > > > Actually, the only prices being forced down tremendously are
> other
> > > > > Moroccan finds. Legitimate finds and falls have held steady with
> many
> > > > > steadily rising in price.....
> > > > > Brad Sampson
> > > > > ______________________________________________
> > > > Brad and all,
> > > > I must dissagree. PART of the "instability" is that some dealers who
> > > > really count on sales for a living are selling some of the old
stuff -
> > > > at
> > > > low enough prices to get cash NOW. I have never seen such a thing.
> > > > But this does go on.
> > > > For instance, I bought a VERY nice 2 gram Zagami
> > > > for $588 a few months back. It was a VERY good price at the time.
> > > > However, I made the mistake of not offering it for a couple of
months.
> > > > When I finally did, I offered it at $600 and got no takers. I later
> > > > offered it at $500 and it sold and there were several who tried to
get
> > > > it AFTER it sold. So, right when I got it I probably could have sold
> it
> > > > instantly for $750, but just a few months made a big difference.
> > > > This is just one example. Zagami may well go UP in price equally as
> > > > fast, and I believe it will inevitably do so, it is just a question
of
> > > > time.
> > > > However, to say, " Legitimate finds and falls have held steady with
> many
> > > > steadily rising in price.." is simply mistaken. They are NOT steady
at
> > > > all.
> > > > Now, I used to be the strongest advocate for "meteorites as an
> > > > investment." In fact, I never heard or read ANYONE say that before
> > > > I did. Ironically, I feel it is true now more than ever. HOWEVER, it
> has
> > > > gone from a "short term" to a "long term" investment FOR SURE. What
> > > > a price will be a week or month from now is not at all "stable"
> > > > regardless
> > > > of pedegree. However, in 2 to 10 years from now is, in my opinion,
> > > > a dramatic increase in prices is a slam dunk! Prices will go up
VERY
> > > > quickly......at some point. We just have no way of knowing now when
> > > > that will be. But it SURE ain't "stable" now.
> > > > (there ARE a few, but very few, exceptions: Canyon Diablo - they
> anin't
> > > > makin' any more of that stuff, the same with Camel Donga and other
> rare,
> > > > highly limited TKW materials and materials with a noted "history" -
> > > > killed a
> > > > horse, smashed a mailbox, etc.)
> > > > Best wishes, Michael
> > > >
> > > > ______________________________________________
> > > > Meteorite-list mailing list
> > > > Meteorite-list_at_meteoritecentral.com
> > > > http://www.pairlist.net/mailman/listinfo/meteorite-list
> > >
> > >
> > > ______________________________________________
> > > Meteorite-list mailing list
> > > Meteorite-list_at_meteoritecentral.com
> > > http://www.pairlist.net/mailman/listinfo/meteorite-list
> >
>
>
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Received on Fri 18 Jan 2002 01:18:52 AM PST