Brass ammo value slides in military auction
Dec 08, 2006 | 04:11 PM
| Paul Schaffer
Brass ammunition scrap showed an average value of $2.20 a pound in a U.S. Defense Department auction that closed Wednesday, down 6 percent from $2.34 in a similar sale in early November.
The two lots of fired brass ammunition went for $2.53 a pound in Ohio and $2.07 a pound in Georgia.
The largest winning bid last week was $32,000 (plus a 10-percent premium) for insulated copper wire mixed with optical cable in Florida, or $1.47 a pound including the premium. Based on identification numbers, the same bidder also spent $20,500, or 57 cents a pound, for motors, wire and radiators in Oklahoma.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here