This example has several characteristics which might lead one to suspect it is a meteorite. The rust color is reminiscent of iron types, it's heavy, and it appears to have the remains of a crust, part of which is still visible.
The closeup really does look like weathered iron, and it passes the deflection of a suspended-magnet-on-a-string-test, an appropriate, and fairly sensitive field test.
Here the crust is apparent, much of which is no longer present on the specimen.
So, why is this not an actual meteorite? First, it fails the appearance test. Despite the color and presence of iron, there are vesicles present, small holes, which are not a feature seen in meteorites. It also doesn't pass the location test, it was not found in a known strewn field, but near a stream. That, with the overall layered appearance and flaking crust indicate a concretion.
The potential specimen also does not pass the composition test. When the oxidized iron is tested for the presence of nickel, none is found. The stone is in fact a concretion, a water rounded chunk of limestone upon which a mineral-rich layer has been deposited.
Lee
Edited by lee14, 12 December 2020 - 11:37 AM.