[meteorite-list] Lunar meteorites selling for peanuts
Hi All, What I see here is possibly the big buyers controlling the market price similar to the diamond market! Buy everything and only allow small amounts onto the market to maintain an overpriced product. Lets face it they are not that spectacular to look at and as others have said here, there are so many now the price should be a fraction of what it is and $10 a gram sounds about right. When I first started collecting I bought a little rare micro Martian and love it! Now I want a 5 gram piece for the cost of that same micro because they no where as rare today? Things have changed now and buyers wont pay these inflated prices for a relatively common piece no matter who hoards them! To most of us meteorites are a wonder of the universe to be collected and studied! to others there just for making money ? My 2 cents worth Graham Macleod 8781 __ 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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
Re: [meteorite-list] Lunar meteorites selling for peanuts
Well put, Adam. For years, I owned and operated a company that sold at auction the whole gamut of collectibles. You nailed it in your dissertation on the ebb and flow of values and how they are affected by our everchanging culture. I remember when big brass autos of the early 20th. Century brought hundreds of thousands of dollars. Now they are boat anchors. Guido -Original Message- >From: Raremeteorites via Meteorite-list >Sent: May 29, 2015 5:00 PM >To: meteorite-list@meteoritecentral.com >Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts > >It not just the lower end of the planetaries being hit; it is widespread. >Meteorite prices in general have been falling steadily for years due mainly >to increased supply but have been hit particularly hard since 2008. Falls >like Peekskill, Claxton and others can now be had for a fraction of the >price they were once going for. Collectors are becoming more patient >knowing that the price of a new fall will drop significantly when all the >hype and newness wears off. Collectors have a lot to choose from as far as >Martian, Lunar and other rare meteorites go. Like most collectables at the >top tier, high end Lunar specimens are holding their price and putting >downward price pressure on other less than pristine Lunar meteorites. >Buyers determine the long-term price, not dealers, especially in a very thin >market! > >Other collectables like artifacts, fossils, minerals and art have held their >price or made gains on the extreme high end only. The middle class that >used to create the demand for most collectables has been pinched hard or >eliminated leaving very little wiggle room in their wallets for luxuries >like collectables. They are now way more discerning about how they spend >their hard earned cash than ever before. The saying in collectables is "buy >what you can afford at the high end." This is because it is a well-known >fact that top tier collectables will always outperform all others. > >Be glad you are not into antiques or baseball cards. It seems the younger >crowd is not interested in anything other than the latest gadgets these days >and could care less about collectables with the exception of their daddy's >1960's muscle car which they hope to one day inherit since they cannot >possibly afford one of their own. > >Happy Hunting, > >Adam > >- Original Message - >From: "Galactic Stone & Ironworks via Meteorite-list" > >To: "Shawn Alan" >Cc: "Meteorite Central" >Sent: Friday, May 29, 2015 2:13 PM >Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts > > >> Hi Shawn, >> >> I think most of what we are seeing is supply and demand at work. As >> time goes on, more and more planetaries are coming out of the hot >> deserts, especially the NWA DCA. In recent months, we have seen over >> a dozen new planetaries (including several lunars) that have been >> approved in the Met Bulletin. >> >> New collectors are coming in to the hobby on a regular basis, but the >> supply of planetaries available to these collectors has stayed steady >> or increased. Old offerings are absorbed into collections and vanish >> from the open market, but they are replaced with numerous new >> offerings that are being sold by an ever-increasing number of dealers. >> >> In the past, the majority of planetaries were held by a >> relatively-small group of veteran dealers. Now, there are many >> middle/moderate-size dealers who are offering lunars and Martians. >> >> In order to be competitive, dealers need to better control the >> supply/market (not likely) or lower prices to attract buyers to these >> new planetaries - many of which are not that remarkable in comparison >> to previous offerings. For every new Nakhlite or Black Beauty, there >> are a dozen "new" (sometimes unpaired) shergottites hitting the >> market. >> >> I won't mention names, but there are a couple of big collector/dealers >> who are buying up multiple planetary masses in recent years and the >> majority of that material does not appear to have hit the open market >> yet. If that material is ever released into the market, it would >> depress the asking prices even further. >> >> Best regards, >> >> MikeG >> -- >> - >> Web - http://www.galactic-stone.com >> Facebook - http://www.facebook.com/galacticstone >> Twitter - http://twitter.com/galacticstone >> Pinterest - http://pinterest.com/galacticstone >> -
Re: [meteorite-list] Lunar meteorites selling for peanuts
It not just the lower end of the planetaries being hit; it is widespread. Meteorite prices in general have been falling steadily for years due mainly to increased supply but have been hit particularly hard since 2008. Falls like Peekskill, Claxton and others can now be had for a fraction of the price they were once going for. Collectors are becoming more patient knowing that the price of a new fall will drop significantly when all the hype and newness wears off. Collectors have a lot to choose from as far as Martian, Lunar and other rare meteorites go. Like most collectables at the top tier, high end Lunar specimens are holding their price and putting downward price pressure on other less than pristine Lunar meteorites. Buyers determine the long-term price, not dealers, especially in a very thin market! Other collectables like artifacts, fossils, minerals and art have held their price or made gains on the extreme high end only. The middle class that used to create the demand for most collectables has been pinched hard or eliminated leaving very little wiggle room in their wallets for luxuries like collectables. They are now way more discerning about how they spend their hard earned cash than ever before. The saying in collectables is "buy what you can afford at the high end." This is because it is a well-known fact that top tier collectables will always outperform all others. Be glad you are not into antiques or baseball cards. It seems the younger crowd is not interested in anything other than the latest gadgets these days and could care less about collectables with the exception of their daddy's 1960's muscle car which they hope to one day inherit since they cannot possibly afford one of their own. Happy Hunting, Adam - Original Message - From: "Galactic Stone & Ironworks via Meteorite-list" To: "Shawn Alan" Cc: "Meteorite Central" Sent: Friday, May 29, 2015 2:13 PM Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts Hi Shawn, I think most of what we are seeing is supply and demand at work. As time goes on, more and more planetaries are coming out of the hot deserts, especially the NWA DCA. In recent months, we have seen over a dozen new planetaries (including several lunars) that have been approved in the Met Bulletin. New collectors are coming in to the hobby on a regular basis, but the supply of planetaries available to these collectors has stayed steady or increased. Old offerings are absorbed into collections and vanish from the open market, but they are replaced with numerous new offerings that are being sold by an ever-increasing number of dealers. In the past, the majority of planetaries were held by a relatively-small group of veteran dealers. Now, there are many middle/moderate-size dealers who are offering lunars and Martians. In order to be competitive, dealers need to better control the supply/market (not likely) or lower prices to attract buyers to these new planetaries - many of which are not that remarkable in comparison to previous offerings. For every new Nakhlite or Black Beauty, there are a dozen "new" (sometimes unpaired) shergottites hitting the market. I won't mention names, but there are a couple of big collector/dealers who are buying up multiple planetary masses in recent years and the majority of that material does not appear to have hit the open market yet. If that material is ever released into the market, it would depress the asking prices even further. Best regards, MikeG -- - Web - http://www.galactic-stone.com Facebook - http://www.facebook.com/galacticstone Twitter - http://twitter.com/galacticstone Pinterest - http://pinterest.com/galacticstone - On 5/29/15, Shawn Alan via Meteorite-list wrote: Hello Listers I am starting to see a trend with Lunar and Martian meteorites, but especial with Lunar's. Some can be had for $300 per gram or less, or some times on ebay you can get a steal on some of the 1g plus sizes for less then $400 a gram. But again at the sub gram leave the price is still in the high $500 to $800 per gram which is expected at that size. My question is, is there new product on the market or has planataries shifted in value? Shawn Alan IMCA 1633 ebay store http://www.ebay.com/sch/imca1633ny/m.html Website http://meteoritefalls.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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list __ Visit our Facebook page https://www.facebook.com/meteoritecentral and the Archives at http://w
Re: [meteorite-list] Lunar meteorites selling for peanuts
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 > 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-boun...@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 > 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@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@meteoritecentral.com > https://pairlist3.pair.net/mailman/listinfo/meteorite-list __ 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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
Re: [meteorite-list] Lunar meteorites selling for peanuts
Hello Listers, I agree, its supply and demand. Heck, I got a Martian for $125 per gram. As for planataries, this is my theory... All you really need is a couple meteorites from each body and then you move on. True, there is scientific value to be had, but that's the case with every meteorite. The question is, is if it hold's historic merit and science is historic merit as well if its important. For me, I would like to get a Nakhla again, I traded mine, but till then, ill hold onto my NWA martian. As for lunar meteorites are concerned, if it looks like a lunar and acts like a lunar point me in the direction to the best look example for the cheapest price :) Now here's the ticker Lets say someone finds a lunar meteorite in USA would it be more then NWA lunar? In my book no, it would be the same. Even if it was some new classification I think it would be the same.? Cause at the end of the day, its still from the moon. How many more meteorites can one collect from the moon? Now if its the first lunar meteorite fall that can cause an up roar and if it hit something or killed a horse or cow, or hits some lady in the hip, I think it would be a pretty penny. But again, its still from the moon and each year more and more meteorites keep coming from the moon. Just think, in 20 years from now, there will be 200 more lunar meteorites on the market Just say. But I would say this, the first lunar fall will be historic and when that happens you better buy up all the lunar meteorites you can, cause the price of a lunar meteorite will go back up to $1000 plus per gram and more. Now back to martian meteorites... They can hold merit, black beauty can sell for a lot, but has dropped in price, while Nakhla has stayed its ground. When science discovers life on Mars, martian meteorites will go up in value over night and lot of people will make some coins if they cash out what they have, only time will tell with martian meteorites. I guess at the end of the day, we need some big planetary event to make these peanuts into pecans :) and when that happens meteorite collecting will go full throttle in collecting and price. Shawn Alan IMCA 1633 ebay store http://www.ebay.com/sch/imca1633ny/m.html Website http://meteoritefalls.com > Original Message ---- > Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts > From: "Galactic Stone & Ironworks" > Date: Fri, May 29, 2015 5:13 pm > To: Shawn Alan > Cc: Meteorite Central > > > Hi Shawn, > > I think most of what we are seeing is supply and demand at work. As > time goes on, more and more planetaries are coming out of the hot > deserts, especially the NWA DCA. In recent months, we have seen over > a dozen new planetaries (including several lunars) that have been > approved in the Met Bulletin. > > New collectors are coming in to the hobby on a regular basis, but the > supply of planetaries available to these collectors has stayed steady > or increased. Old offerings are absorbed into collections and vanish > from the open market, but they are replaced with numerous new > offerings that are being sold by an ever-increasing number of dealers. > > In the past, the majority of planetaries were held by a > relatively-small group of veteran dealers. Now, there are many > middle/moderate-size dealers who are offering lunars and Martians. > > In order to be competitive, dealers need to better control the > supply/market (not likely) or lower prices to attract buyers to these > new planetaries - many of which are not that remarkable in comparison > to previous offerings. For every new Nakhlite or Black Beauty, there > are a dozen "new" (sometimes unpaired) shergottites hitting the > market. > > I won't mention names, but there are a couple of big collector/dealers > who are buying up multiple planetary masses in recent years and the > majority of that material does not appear to have hit the open market > yet. If that material is ever released into the market, it would > depress the asking prices even further. > > Best regards, > > MikeG > -- > - > Web - http://www.galactic-stone.com > Facebook - http://www.facebook.com/galacticstone > Twitter - http://twitter.com/galacticstone > Pinterest - http://pinterest.com/galacticstone > - > > > > > On 5/29/15, Shawn Alan via Meteorite-list > wrote: > > Hello Listers > > > > I am starting to see a trend with Lunar and Martian meteorites, but > > especial with Lunar's. Some can be had for $300 per gram or less, or > > some times on ebay you can get a steal on some of the 1g plus sizes for > > less then $400 a gram. But
Re: [meteorite-list] Lunar meteorites selling for peanuts
Sorry here is correct list, somehow the first three entries for lunars got duplicated in the martians. Here are the numbers for just new NWA lunars since 2010: 2010: 11 2011: 6 2012: 4 2013: 13 2014: 25 Here is the same time frame for NWA Martians: 2010: 2 2011: 8 2012: 8 2013: 10 2014: 12 * Carl B. Agee Director and Curator, Institute of Meteoritics Professor, Earth and Planetary Sciences MSC03 2050 University of New Mexico Albuquerque NM 87131-1126 Tel: (505) 750-7172 Fax: (505) 277-3577 Email: a...@unm.edu http://meteorite.unm.edu/people/carl_agee/ On Sat, May 30, 2015 at 10:10 AM, Carl Agee wrote: > Supply and demand could be part of the story for lunars, maybe not for > martians. Here are the numbers for just new NWA lunars since 2010: > > 2010: 11 > 2011: 6 > 2012: 4 > 2013: 13 > 2014: 25 > > Here is the same time frame for NWA Martians: > > 2010: 11 > 2011: 6 > 2012: 4 > 2013: 10 > 2014: 12 > > Of course hidden in these numbers are TKW, quality, pairing, and type. > Obviously rarities like mare basalts, nakhlites, and chassignites > shouldn't be seeing price drops or decrease in demand. Not to mention > unique martians like NWA 7034 (Black Beauty) and NWA 8159. Maybe the > drop in price/demand is most pronounced in types that are most common > such as the lunar feldspathic breccias. > > Just my opinion, but I don't think lunars will ever become as cheap as > eucrites, I think they are still quite rare on Earth and will be a > good long term investment. Maybe we are just seeing an anomaly in the > lunar offerings because a few recent big TKW finds of lunars. Who > knows! > > Carl Agee > > * > Carl B. Agee > Director and Curator, Institute of Meteoritics > Professor, Earth and Planetary Sciences > MSC03 2050 > University of New Mexico > Albuquerque NM 87131-1126 > > Tel: (505) 750-7172 > Fax: (505) 277-3577 > Email: a...@unm.edu > http://meteorite.unm.edu/people/carl_agee/ > > > > On Fri, May 29, 2015 at 2:46 PM, Shawn Alan via Meteorite-list > wrote: >> Hello Listers >> >> I am starting to see a trend with Lunar and Martian meteorites, but >> especial with Lunar's. Some can be had for $300 per gram or less, or >> some times on ebay you can get a steal on some of the 1g plus sizes for >> less then $400 a gram. But again at the sub gram leave the price is >> still in the high $500 to $800 per gram which is expected at that size. >> >> My question is, is there new product on the market or has planataries >> shifted in value? >> >> Shawn Alan >> IMCA 1633 >> ebay store http://www.ebay.com/sch/imca1633ny/m.html >> Website http://meteoritefalls.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@meteoritecentral.com >> https://pairlist3.pair.net/mailman/listinfo/meteorite-list __ 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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
Re: [meteorite-list] Lunar meteorites selling for peanuts
Supply and demand could be part of the story for lunars, maybe not for martians. Here are the numbers for just new NWA lunars since 2010: 2010: 11 2011: 6 2012: 4 2013: 13 2014: 25 Here is the same time frame for NWA Martians: 2010: 11 2011: 6 2012: 4 2013: 10 2014: 12 Of course hidden in these numbers are TKW, quality, pairing, and type. Obviously rarities like mare basalts, nakhlites, and chassignites shouldn't be seeing price drops or decrease in demand. Not to mention unique martians like NWA 7034 (Black Beauty) and NWA 8159. Maybe the drop in price/demand is most pronounced in types that are most common such as the lunar feldspathic breccias. Just my opinion, but I don't think lunars will ever become as cheap as eucrites, I think they are still quite rare on Earth and will be a good long term investment. Maybe we are just seeing an anomaly in the lunar offerings because a few recent big TKW finds of lunars. Who knows! Carl Agee * Carl B. Agee Director and Curator, Institute of Meteoritics Professor, Earth and Planetary Sciences MSC03 2050 University of New Mexico Albuquerque NM 87131-1126 Tel: (505) 750-7172 Fax: (505) 277-3577 Email: a...@unm.edu http://meteorite.unm.edu/people/carl_agee/ On Fri, May 29, 2015 at 2:46 PM, Shawn Alan via Meteorite-list wrote: > Hello Listers > > I am starting to see a trend with Lunar and Martian meteorites, but > especial with Lunar's. Some can be had for $300 per gram or less, or > some times on ebay you can get a steal on some of the 1g plus sizes for > less then $400 a gram. But again at the sub gram leave the price is > still in the high $500 to $800 per gram which is expected at that size. > > My question is, is there new product on the market or has planataries > shifted in value? > > Shawn Alan > IMCA 1633 > ebay store http://www.ebay.com/sch/imca1633ny/m.html > Website http://meteoritefalls.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@meteoritecentral.com > https://pairlist3.pair.net/mailman/listinfo/meteorite-list __ 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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
Re: [meteorite-list] Lunar meteorites selling for peanuts
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-boun...@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 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@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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
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 > 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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
Re: [meteorite-list] Lunar meteorites selling for peanuts
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 sure that the stronger dollar we currently have accounts for the lower sales price of planetary specimens? No. But it can happen. It is happening now in the Japanese sword market. Most assuredly... Cheers, John IMCA 3295 Sent: Friday, May 29, 2015 at 5:13 PM From: "Galactic Stone & Ironworks via Meteorite-list" To: "Shawn Alan" Cc: "Meteorite Central" Subject: Re: [meteorite-list] Lunar meteorites selling for peanuts Hi Shawn, I think most of what we are seeing is supply and demand at work. As time goes on, more and more planetaries are coming out of the hot deserts, especially the NWA DCA. In recent months, we have seen over a dozen new planetaries (including several lunars) that have been approved in the Met Bulletin. New collectors are coming in to the hobby on a regular basis, but the supply of planetaries available to these collectors has stayed steady or increased. Old offerings are absorbed into collections and vanish from the open market, but they are replaced with numerous new offerings that are being sold by an ever-increasing number of dealers. In the past, the majority of planetaries were held by a relatively-small group of veteran dealers. Now, there are many middle/moderate-size dealers who are offering lunars and Martians. In order to be competitive, dealers need to better control the supply/market (not likely) or lower prices to attract buyers to these new planetaries - many of which are not that remarkable in comparison to previous offerings. For every new Nakhlite or Black Beauty, there are a dozen "new" (sometimes unpaired) shergottites hitting the market. I won't mention names, but there are a couple of big collector/dealers who are buying up multiple planetary masses in recent years and the majority of that material does not appear to have hit the open market yet. If that material is ever released into the market, it would depress the asking prices even further. Best regards, MikeG -- - Web - http://www.galactic-stone.com Facebook - http://www.facebook.com/galacticstone[http://www.facebook.com/galacticstone] Twitter - http://twitter.com/galacticstone[http://twitter.com/galacticstone] Pinterest - http://pinterest.com/galacticstone[http://pinterest.com/galacticstone] - On 5/29/15, Shawn Alan via Meteorite-list wrote: > Hello Listers > > I am starting to see a trend with Lunar and Martian meteorites, but > especial with Lunar's. Some can be had for $300 per gram or less, or > some times on ebay you
Re: [meteorite-list] Lunar meteorites selling for peanuts
Hi Shawn, I think most of what we are seeing is supply and demand at work. As time goes on, more and more planetaries are coming out of the hot deserts, especially the NWA DCA. In recent months, we have seen over a dozen new planetaries (including several lunars) that have been approved in the Met Bulletin. New collectors are coming in to the hobby on a regular basis, but the supply of planetaries available to these collectors has stayed steady or increased. Old offerings are absorbed into collections and vanish from the open market, but they are replaced with numerous new offerings that are being sold by an ever-increasing number of dealers. In the past, the majority of planetaries were held by a relatively-small group of veteran dealers. Now, there are many middle/moderate-size dealers who are offering lunars and Martians. In order to be competitive, dealers need to better control the supply/market (not likely) or lower prices to attract buyers to these new planetaries - many of which are not that remarkable in comparison to previous offerings. For every new Nakhlite or Black Beauty, there are a dozen "new" (sometimes unpaired) shergottites hitting the market. I won't mention names, but there are a couple of big collector/dealers who are buying up multiple planetary masses in recent years and the majority of that material does not appear to have hit the open market yet. If that material is ever released into the market, it would depress the asking prices even further. Best regards, MikeG -- - Web - http://www.galactic-stone.com Facebook - http://www.facebook.com/galacticstone Twitter - http://twitter.com/galacticstone Pinterest - http://pinterest.com/galacticstone - On 5/29/15, Shawn Alan via Meteorite-list wrote: > Hello Listers > > I am starting to see a trend with Lunar and Martian meteorites, but > especial with Lunar's. Some can be had for $300 per gram or less, or > some times on ebay you can get a steal on some of the 1g plus sizes for > less then $400 a gram. But again at the sub gram leave the price is > still in the high $500 to $800 per gram which is expected at that size. > > My question is, is there new product on the market or has planataries > shifted in value? > > Shawn Alan > IMCA 1633 > ebay store http://www.ebay.com/sch/imca1633ny/m.html > Website http://meteoritefalls.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@meteoritecentral.com > https://pairlist3.pair.net/mailman/listinfo/meteorite-list > __ 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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list
[meteorite-list] Lunar meteorites selling for peanuts
Hello Listers I am starting to see a trend with Lunar and Martian meteorites, but especial with Lunar's. Some can be had for $300 per gram or less, or some times on ebay you can get a steal on some of the 1g plus sizes for less then $400 a gram. But again at the sub gram leave the price is still in the high $500 to $800 per gram which is expected at that size. My question is, is there new product on the market or has planataries shifted in value? Shawn Alan IMCA 1633 ebay store http://www.ebay.com/sch/imca1633ny/m.html Website http://meteoritefalls.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@meteoritecentral.com https://pairlist3.pair.net/mailman/listinfo/meteorite-list