Michigan meteor: How valuable are meteorites? (2024)

Ken Haddad, Digital Managing Editor

Tags:News

DETROIT – Michigan was treated to a sky show on Tuesday night when a bolide flew through the sky, triggered a small earthquake in the region.

The bolide -a special type of fireball which explodes in a bright terminal flash at its end, often with visible fragmentation - likely dropped debris around the Mt. Clemens area.

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So, if you're in the Mt. Clemens area - or any area that saw the bolide - should you be scavenging the backyard to debris?

TODAY AT 1 P.M. -Paul Gross will show an actual meteor, and tell you the two tests you need to do to determine how to check if you find a piece of last night's meteor. Watch it LIVE on ClickOnDetroit.

As it turns out, there is a decent market for meteorite - which is what it's called once it hits the ground. Here's some analysis from Meteor Lab:

Because meteorites are so scarce, they are priced and sold by the gram. Scarcity, availability, the size of the specimen, and the amount and quality of preparation that went into the piece can all affect price.

Common iron meteorite prices are generally in the range of US$0.50 to US$5.00 per gram. Stone meteorites are much scarcer and priced in the US$2.00 to US$20.00 per gram range for the more common material. It is not unusual for the truly scarce material to exceed US$1,000 per gram. It sounds very intimidating, but comparing meteorite prices to more familiar material puts the prices in perspective.

Meteorites are a very rare commodity and are priced accordingly, but they are not expensive when compared to other rarities. In 1993 approximately 331,000 kilograms of gold were produced in the United States alone. The production for that one year exceeds all the known meteoritical material in the world, excluding Antarctic meteorites, which are not available to the marketplace.

How to Price Your Meteorites

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About the Author
Ken Haddad

Ken Haddad has proudly been with WDIV/ClickOnDetroit since 2013. He also authors the Morning Report Newsletter and various other newsletters, and helps lead the WDIV Insider team. He's a big sports fan and is constantly sipping Lions Kool-Aid.

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Michigan meteor: How valuable are meteorites? (2024)

FAQs

Michigan meteor: How valuable are meteorites? ›

Common iron meteorite prices are generally in the range of US$0.50 to US$5.00 per gram. Stone meteorites are much scarcer and priced in the US$2.00 to US$20.00 per gram range for the more common material. It is not unusual for the truly scarce material to exceed US$1,000 per gram.

Are found meteorites worth money? ›

Some unclassified meteorites will sell for around 50 cents per gram. More beautiful stones such as pallasites contain crystals and can look extremely dazzling when they're polished. Those can range all the way up to $40 dollars a gram. Rarer stones can fetch up to $1000 per gram if they're in good condition.

Is it illegal to keep a meteorite? ›

And if you buy a meteorite from someone who found it on their land, you legally own it too. Things get more complicated if you find the meteorite on public lands. You might be allowed to keep it if the land is overseen by the Bureau of Land Management, but there are several stipulations.

How much money do you get if you find a meteorite? ›

Value is determined by many different factors including rarity of type, size, condition, aesthetic appeal, and so on. Meteorites have significant financial value to collectors and scientific value to researchers. Meteorite values can range from a few dollars to hundreds of thousands of dollars.

How much is 1lb of meteor worth? ›

Stone meteorites are worth between $2.00 and $20 per gram but could exceed $1,000 per gram. That means a one pound iron meteorite could be worth more than $2,000 while a one pound stone meteorite could get you $9,000. So how do you know if it's a meteorite?

How much is a 30 lb meteorite worth? ›

Meteorite NWA 12691 was found in the Sahara Desert and weighs just under 30 pounds, It is valued at more than $2.5 million. A piece of the moon that's bigger than the rocks Apollo astronauts brought back to Earth is up for sale at the famed Christie's auction house.

Can I keep a meteorite I found? ›

Meteorites found on public lands may be casually collected by recreationists and hobbyists. The limit on the amount that may be casually collected is meteorite specimens up to ten pounds that can be easily hand-carried and transported, per person per year. Collection is from the surface only.

Can I sell a meteorite I found? ›

We purchase individual meteorite specimens, entire collections, and also offer appraisal services. If you think you have found a meteorite, please start by reading our Guide to Meteorite Identification HERE. We also offer consignment services for important specimens, for a modest fee.

Are meteorites more valuable than gold? ›

They possess an air of mystery and uniqueness, as they are of cosmic origin. This makes them more valuable per gramme, even more than gold. The majority of meteorites have particles smaller than dust, which may surprise you. They typically do not strike the earth and burn on the surface.

Why shouldn't you pick up a meteorite? ›

Try not to handle any freshly fallen meteorites with your bare hands! Oils and microbes from your skin will slowly degrade the surface of a meteorite, dulling the fusion crust, contaminating the meteorite, and promoting rust.

Who can verify my meteorite? ›

Perhaps your local natural history museum has days in which the staff identify samples brought in from the public. Perhaps you have a rock shop nearby that sells meteorites. See if they can put you in contact with their supplier, and this person may be an expert in meteorites.

Is it OK to touch a meteorite? ›

They are not poisonous and thus there is no danger in touching or even ingesting a piece of meteorite (the latter not, however, being recommended).

How rare is it to find a meteorite? ›

Although there are 64,000 meteorites in the world's collections, about two-thirds will never be available to the general public. And the resource is barely growing: each year, hunters recover only about eight to 10 fresh falls and a few hundred weathered non-Antarctic 'finds' (most of which weigh less than 200 grams).

Which meteorite is most valuable? ›

The f*ckang Meteorite

It is made of nickel-iron laced with olivine crystals which contributes to its beauty. The f*ckang Meteorite is believed to be 4.5 billion years old, which means that it is either older or the same age as Earth. It was discovered in 2000 and is one of the most expensive meteorites found on Earth.

How to tell if a rock is a meteorite? ›

Nickel Test: Run a chemical test for nickel. If the proportion of nickel is inside the range for meteorites, you may have a meteorite. Weight Test: Meteorites are much more dense than normal earth rocks. Fusion Crust Test: Fusion crust is a thin, dark rind formed on a meteorite as it streaks through our atmosphere.

Can you sell a piece of meteorite? ›

You don't have to worry about choosing the best way to sell meteorites online when you can sell them everywhere. Run an Ecwid store on your own website, on popular social media platforms, or through marketplaces like Amazon or eBay.

Where can I sell my meteorite today? ›

The Meteorite Exchange, Inc, forwards leads about meteorite collections for sale to our good friend and meteorite expert Ruben Garcia (Mr. Meteorite). Please fill out the form below with as much helpful information about your meteorite collection as possible.

How do you get a meteorite appraised? ›

You may try contacting the Geological Survey of your state, a local college or university or college or a local natural history museum. In addition, there are a few commercial firms that will charge a fee for examining and identifying suspected meteorites.

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