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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