Price of Meteorite Glass

[Cappy Z.]

I am entertaining the idea of spending a lot of money on various chunks of meteorite glass from the Egyptian desert event 200,000 years ago. The reasoning is simple. The scarab on King Tutankhamen's medallion IS made from this impact debris. I feel in the near future I can make a good return on my investment. Here is a photo of a palm size chunk from Libya. It's price is $650.

Any ideas and/or opinions welcome...even naysayers.

HH

 

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[Eu_citzen]

If I where looking to invest I'd look at opal or something similar which has a fairly high demand.
If you can get rough and have it cut and polished for a fair price you might earn a fair bit.

tektite is mostly not that expensive nor particularly desired I want to recall. (No high demand, except from collectors??)

 

[Cappy Z.]

The recent hysteria and sudden "coolness" of these objects as people see dollar signs will make ANY of these purchases a good investment.

Much like the media has done more to sell metal detectors in the last year than Kellyco EVER has..

I am curious, though. How would you keep from being ripped off?
How are these desert finds, or ANY meteor authenticated?

For a small fee, I'll authenticate one for you.

 

[marinedad]

is it authentic, i know it exists, how different is that from beach glass from lightning strikes? hardness.

 

[boogeyman]

I wholy agree with Eu_Citizen.

First I'd be leery of doing any business with Libya. Second I'd invest in metals whether they be gold silver or even copper. Way more market for metals than space glass needless to say the values of of metals are going to appreciate.

 

[desertfox]

Cappy, I have no clue what that space glass should be, could be or is worth. It's like that ebay auction you had last month for that friend of yours. It's only going to be worth what someone is willing to give you for it when you decide to sell. I've been putting money into silver US Coins at melt value. Good or Bad investment? I have no idea but I'm doing it any way. Guess it all comes down to what it is that you want to do with your investment money. If it were me, I wouldn't do it. But I have been sorry for not investing in some things before and I'll most likely kick myself in the future for passing up a ground floor opportunity again.
Desertfox

 

[Tuberale]

CappyZ, you've posed the hardest question I've seen on TNet to date.

Authentic meteoritic material has gained dramatically in the last 20 years in value. Willamette Meteorite (37,500 lbs.) sold for $26,500 in 1906; in Oct. 2007 a 29.5-lb. piece of it was pulled because there were only 2 bids of $300,000 each, and the seller wanted $1.1-$1.3 million for it. Still $10,000+/lb!

True meteorites are among the rarest of rocks on earth. Anything meteorite-related item has been climbing too, unless it is from a massive strike that produced so much tonnage that all meteorite collectors already have a piece of it.

Desertfox is probably right: you know more about it than most other people. Go for it!

 

[BloodyBelle]

Cappy, I can't even get even a dang badge authenticated. Then there are counterfeit GIA COA's.
How will you ever know if what you'll be getting is the real deal? And if it is the real deal of it's size why aren't the scientists falling all over it? And as an investment? Say the incident happened billions of years ago. Divide that by 650 bucks. WOuld that mean the value would go up .000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001% per century?

BTW, whatever happened to that meteor ("volkswagon sized") some guy was hunting for? I think in the NE somewhere?

 

[boogeyman]

Is that the one in Kansas?

The "Meteorite Men" had a large one they recovered in a farm field on one of the shows. Can't recall exactly where.

 

[Tuberale]

I think you may be referring to the 1400-pound Brenham Pallasite, found by Steve Arnold in October, 2005.

 

[BloodyBelle]

Dunno. Thought it was in this last year or so. Some guy going door to door trying to trace it. What did you see. Where? About where in the sky? Volume of the the bang you heard. Volume of the thump you heard. From which direction did you say? COuld be wrong. I'll look when I have time.

 

[Tuberale]

Dunno. Thought it was in this last year or so. Some guy going door to door trying to trace it. What did you see. Where? About where in the sky? Volume of the the bang you heard. Volume of the thump you heard. From which direction did you say? COuld be wrong. I'll look when I have time.

Brenham fall was recovered several feet (yards?) underground as I recall. Not a recent fall. Someone asking what you saw, where, location of stone in the sky and data about any sounds you heard indicates a much more recent fall.

Hmmm. Did you see/hear/feel anything recently? If you heard or felt an impact, you would have been within a few miles of the impact site.

 

[BloodyBelle]

Maybe it had something to do with this event? I didn't see it on TV and I don't subscribe to sites of this type. I was doing a quick look-see via Google advanced and I really really gotta go now.

http://naturalplane.blogspot.com/2010/01/coma-berenicid-meteor-shower-results-in.html

 

[Tuberale]

Did a quick search for Brenham pallasite meteorite YouTube, and found this video/film you might be interested in:

http://il.youtube.com/watch?v=w4jgC30kCRg&feature=related

Said to be a 1200-pound piece of Brenham pallasite found in January, 2009 I believe.