There are three basic types of meteorites: stony, iron, and stony-iron. Stony meteorites are the most common type, making up 90% of meteorite falls. The value of a meteorite depends on its chemical composition and abundance - rare meteorites from Mars or the Moon can be worth $2,500-$3,000 per gram. Meteorite hunters search known strewn fields using metal detectors and magnets to locate scattered fragments, sometimes following eyewitness accounts of meteorite falls.