Texas brass brings top bid at military e-auction
Oct 18, 2006 | 11:06 AM
| Paul Schaffer
Fired brass ammunition scrap at military bases around the country attracted a top bid of $2.42 a pound in an electronic auction that ended Tuesday, suggesting a stronger market than in mid-September.
The top nationwide result last month was $2.27 a pound, up from $2.02 in mid-August. However, the $2.42 a pound offered this week for brass scrap at a Texas military base might have been an aberration, as the second-highest winning offer was $2.01 a pound for similarly described material in New Mexico.
The electronic competition was coordinated by Government Liquidation LLC, Scottsdale, Ariz., a Defense Department contractor. Per-pound prices are calculated to include a 10-percent premium payable to Government Liquidation by winning bidders.
Other winning bids for fired brass ammunition scrap in Tuesday's auction included $1.66 a pound for material in Maine, $1.56 in Louisiana, $1.52 in Arizona, $1.50 in Missouri and $1.44 in Georgia, while one lot of fired brass shotgun shells in Texas brought in just 23 cents a pound, presumably because the spent primers weren't removed.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.