Meteorites are classified into various categories.
Stony meteorites that are basically rocks are comprised of silicate minerals, iron meteorites have large amounts of iron and nickel, and stony-iron meteorites contain both metallic and rocky material. Many treasure hunters have made money by finding rare types of meteorites and selling them to museums or private collectors.
When a meteor falls to the ground, it leaves behind a hypervelocity impact crater, sometimes resulting in massive destruction.