ibang1
Ultimate Member
A buddy of mine informed me that the price will hit $7 or more easily.
I think that pooling our resources and buying from some place else may be the way to go. Currently, in Alabama, there is this offering:
http://www.govliquidation.com/auction/view?auctionId=6003708
Rough calculations put this at 1.1 million casings, or .02 cents per case with the same amount of time left to run as the 1055 pounds in Mechanicsburg. Looking around the various places where brass is being bid on, it turns out that Mechanicsburg is getting a premium for their product. Probably because of all the wealth congregated around the DC area..
It just seems to me it would make more sense to bid someplace where we may actually get our moneys worth. Get it cheap enough and the cost of freight would not be so bad.
OB
I don't want to affect this current Mechanicsburg bid AT ALL, and would have to at this late stage in the process, condition this for a future Bid). Discussion?? Tks, Tom
I'm in for a discussion Tom. Depending on the logistics, i.e. state of sale, another forum I am a member of has members all over the world. I think if we get enough people in to have a ready pool of funds to bid would be a great thing. Let me know
OB
I think a majority or people were looking for a $200-$300 or so share which is why the smaller, nearby lot appealed to the respondents over some of the better but far more expensive deals that I have seen pop up from time to time that are mostly ignored. Something like that lot in AL sounds like a great deal but the logistics involved are going to put many people off.
I don't have any experience with just about anything involved but in the interest of discussion, I might as well start a list of things that would need to be overcome for me to have any interest.
1. Brass price - As far as I can tell from my limited watch of these and as another gentleman stated earlier, these auctions are going off around $3-5/lb + 10% buyers premium which is about $.047-$.079 per case. Even if no one else bids, the AL lot is at ~$.037/case.
2. Taxes - Of course sales tax will need to be added but will we have an individual with a resale tax exempt number to add to the forms so that burden can be placed on the people buying the brass. Either way, I would think that is another 6% to bring our numbers to $.039 or $.050-$.084
3. Freight - Brass42ndspt wants to get paid, right? I haven't the foggiest idea what kind of money is involved there but 1500 mile round trip sounds like another 1500 in just gas and driver salary(7mpg, $4 fuel, $0.40/mile). I am sure he can fill in more details.
4. Shipping once procured - basic shipping should easily be taken care of by a few XL USPS Flat rate if needed for probably around 55-65/10,000. Out of country is a whole other animal with export licenses and what not and probably is out of the scope of what any of us is trying to do.
5. $35000-70000 is a lot of money(at least to me) that, unless someone with deep pockets is fronting, is going to come from many sources and should be protected with some sort of contract which should probably entail a lawyer involved somewhere. cost?
I am sure I missed an item or two but I do think it is worth discussing if for no other reason than for people to be better informed of the whole process
At this point I feel the Mechanicsburg auction had passed our limits. I would suggest we move forward on other options. Impute ?
I Agree 100%. I am in under the right conditions...for 5.56 @ .02-.04c/cart approx $5000.00 worth. I have an idea using contract law that will protect ALL parties and their interest prior to AND after bid closing (even for participation as low as 10,000 cartridges). I don't want to affect this current Mechanicsburg bid AT ALL, and would have to at this late stage in the process, condition this for a future Bid). Discussion?? Tks, Tom