Add in nickel, copper, cobalt, iridium, platinum, gold and rhenium at approximately the same concentrations found in iron meteorites - and presumed to exist in Psyche - and the value increases tenfold.
"Clearly, though, even if there were any way to bring it back - there is not, not even remotely - the prices would not be the same when it got here," Elkins-Tanton told Seeker. "Once you brought it here, it would completely collapse the world's steel and nickel and cobalt markets for all time and then it would be literally worthless."
The new mission, funded by NASA, will attempt to resolve Psyche's mysterious origins and shine a light on how planets and rocky bodies, including Earth, separated into core, mantle and crust.
The information also could help answer if the chemical building blocks for life are indigenous in planets, rather than delivered later by impacting comets and asteroids.
"If (planets) can get all of the water and carbon things that they need from the natural accretion process and they don't need any later additions then every rocky planet should probably be habitable to start with," said Elkins-Tanton, director of Arizona State University's School of Earth and Space Exploration.