Brass ammunition value jumps to $2.65/lb. in military auction
Oct 10, 2007 | 12:08 PM
| Paul Schaffer
Brass ammunition scrap averaged $2.65 a pound in an auction of U.S. Defense Department material, rebounding from both the unexpected $2.26 trough of Oct. 2 and mid-September's $2.52.
Five companies submitted winning bids totaling $760,769 for the seven lots, with implicit values ranging from $2.51 to $3.14 a pound.
The high bids came to $3.14 in Georgia, $2.87 in Indiana, $2.68 in Washington, $2.63 in Georgia, $2.58 in California, $2.55 in Nevada and $2.51 in Utah.....
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