Value of Meteorites
Posted 22 September 2013 - 03:51 PM
I have been spending quite a bit on a meteorite collection in the last few weeks. I don't plan on selling, at least any time soon. I enjoy them too much. But I have been wondering what the trend has been in the value of meteorites. I realize certain ones may go up more than others. But overall do they pretty much follow inflation. Which ones do you anticipate may rise in price more than others? Would any lose their value over time? I suppose the rusters might if they fall apart
Posted 22 September 2013 - 10:41 PM
Generally speaking, an informed meteorite buy will hold it's value well - better than many other collectibles or exotic commodities. The "problem" is, meteorites are still a niche market, so liquidity can be a problem.
Also, insurance companies are notoriously inept with valuating meteorites. They are clueless about insuring them because they are an unregulated and ungraded material. The number of appraisers (of any kind) in the entire USA that can properly valuate a meteorite collection for insurance purposes could be counted on one hand with three or four fingers left over.
If you develop a sizeable and valuable collection, I would suggest storing the high-dollar pieces in a bank safety deposit box or a *secure* safe - such as a floor safe sunk into the concrete slab or steady gun-style safe made for long-arms. You can re-arrange the shelving in them to fit your needs and control the humidity inside.
I can point you in the right direction to a qualified appraiser if you ever need one.
Posted 22 September 2013 - 11:11 PM
I suppose they are only worth about as much as someone would pay. I think I paid more for some of mine than the going rate because they are aesthetically pleasing but that is one of the reasons I want them.
I have seen several sell them on AM and in fact that is where I bought my first for $20. It looks like many of them don't sell though or at least they aren't marked as sold and the seller often says "selling way below what I paid." If I did sell them on ebay, I am not a dealer so I may not get as much as someone who is a member of IMCA. It doesn't seem too many individuals such as myself sell meteorites on ebay.
Have there been any meteorites that have risen in price a lot year after year. For example this Sikhote-Alin is one of my most expensive pieces. I wonder how much it would be worth in 2 years, 5 years, 10 years, 25 years and then possibly for my kids at that point .
Posted 23 September 2013 - 09:16 AM
The market is a fickle mistress.
Posted 23 September 2013 - 09:50 AM
I'd hate to have to put my pieces into a safety deposit box, I'd want to check on them too frequently. Just as an aside, I know a well known dealer who had a walk-in safe installed in his house. He sells collectible coins as well though, so it's multi-purpose.
I've gotten off topic here a bit. Meteorite prices, like any commodity, are subject to supply and demand. The Sikhote prices Mike quotes are a good example. If you look at their prices another ten or twelve years back, the changes are even more extreme. Back then it wasn't difficult to buy whole Campos at 3 to 4 cents per gram. Even though the supply is still great, it's very difficult to find one for less then a dime per, and twice that is closer to the norm. It's the increased demand that's responsible. Around that time Gibeons could be had for 6 or 8 cents a gram, nowadays anything less than a buck a gram is a good deal. Here's a case of dwindling supply.
Posted 23 September 2013 - 10:13 AM
I paid about $3.30 per gram for that Sikhote. I see ones that don't look as nice for less and ones that are more sculpted with a certain shape that are more.
Posted 23 September 2013 - 02:08 PM
Posted 23 September 2013 - 02:28 PM
Posted 23 September 2013 - 02:35 PM
It has a natural patina. Nice shape of a star I thought and different finish. I hope it is not rust
Posted 23 September 2013 - 02:58 PM
Posted 23 September 2013 - 03:01 PM
Posted 23 September 2013 - 03:11 PM
He's always got a lot of nice Sikhote Alin.
Posted 23 September 2013 - 03:48 PM
Posted 24 September 2013 - 12:19 AM
You bring up a good point one meteorites, and over time they have increased in price. I have spoken with people that have been collecting for 20 plus years and they said that historic meteorites, ones with stories, a history in peoples hearts, and meteorites that have a great scientific value tend to go up in price. Some one told me, if you want to invest right, buy the meteorites with historic value, those will never drop in price, unless the museums give it away. Lastly, Mike G made a good point, if the market get flooded with a certain meteorite price will go down, that because of supply and demand. So the question is, you have to sell your meteorite at a good time
Posted 24 September 2013 - 06:03 AM
Posted 24 September 2013 - 09:05 AM
I think this has become a little of an addiction for me and I really need to slow down the purchases soon. I said that a while ago though and I am still buying :o So at least knowing that I have something that wouldn't lose value makes me feel better about it.
Posted 24 September 2013 - 12:23 PM
Bottom line is enjoy your time with these rocks from space and be a good temporary custodian for they have been around a lot longer than we have! ;-)
Posted 24 September 2013 - 12:30 PM
1st cheap one
Posted 24 September 2013 - 12:38 PM