Govliquidation Score!!!

[turnandshoot4]

Well, if it gets divided 10 ways we each get say, 270lbs of 7.62 brass. Now that is manageable.

 

[GhostofWinter]

Just out of curiousity..how many casings IS in a pound? (and do NOT tell me one pound either! LOL)

Greg

 

[turnandshoot4]

That I am not sure of. But I'll bet it's a helluva lot. Would you think it would be 4? My guess would be 3 or 4. If each shell is 4 oz it would be around 1080 per 270lb lot. Someone check my math please.

 

[GhostofWinter]

That I am not sure of. But I'll bet it's a helluva lot. Would you think it would be 4? My guess would be 3 or 4. If each shell is 4 oz it would be around 1080 per 270lb lot. Someone check my math please.

That is what I get as well. Keep in mind that SOME of these may be blanks and therefore unusable....but can still be sold for scrap. Any idea what the going rate on the lots are?

Greg

 

[CountryBoy19]

That is what I get as well. Keep in mind that SOME of these may be blanks and therefore unusable....but can still be sold for scrap. Any idea what the going rate on the lots are?

Greg

The smaller ones like that normally go for more than $2 a pound. I'm not sure about 7.62 brass, but I think 5.56 brass is right around 16 lb/1000. I'm guessing 7.62 will be double that (about 32lb/1000).

That would come out to about 63/lb and 31/lb, respectively. Its less than half price of what once-fired brass normally sells for, and anything that is scrap can be resold for market value (around $1/lb). That is why I'm seriously considering it. The larger lots normally don't sell for much over scrap price (so closer to $1/lb) so if you have the capital to buy a larger lot, then resell it for just under market value on 1X brass, you could make a 3-400% profit (if you have the time to sort it too).

 

[techres]

...so if you have the capital to buy a larger lot, then resell it for just under market value on 1X brass, you could make a 3-400% profit (if you have the time to sort it too).

1. I have done many gov't and edu auctions before.
2. My wife has a good memory.
3. My wife has just made threats against my well being if I got a Uhaul and a serious brass cleaner to run 24/7 for the next month.
4. My wife has no sense of entrepreneurial spirit and, for some things, no sense of humor.

Lesson learned:

You only get to fill your garage to the ceiling with scrap materials once or twice in marriage. After that...

 

[GhostofWinter]

Lesson learned:

You only get to fill your garage to the ceiling with scrap materials once or twice in marriage. After that...

Ya get a new wife? Or do you get a second garage? LOL

Greg

 

[CountryBoy19]

1. I have done many gov't and edu auctions before.
2. My wife has a good memory.
3. My wife has just made threats against my well being if I got a Uhaul and a serious brass cleaner to run 24/7 for the next month.
4. My wife has no sense of entrepreneurial spirit and, for some things, no sense of humor.

Lesson learned:

You only get to fill your garage to the ceiling with scrap materials once or twice in marriage. After that...

I'm pretty sure if all works well, and it doesn't effect her much (other than financially for a time) and then she sees the money rolling in, she'd be ok with it the next time. But as soon as it becomes a losing proposition, it'd all be over.