Catchword: scrap rate

Filed Under: English, Jargon

Part of Speech: n.

Quotation: Warner said she has even customers asking her to appraise a roll of nickels for the metal content. But because most dealers pay for what is known as the scrap rate of the day, would-be sellers might not be making quite the pretty penny they thought at first. “If you paid $200, say, for a wedding band, you’re not going to come and get $200 for it,” Warner said. “When they come in to sell it for scrap, basically, we’re paying them only for either the silver or the gold content—not the craftsmanship.”

Article or Document Title:
“Gold rush?” (URL)

Author:
Doug Howard

Article, Document, Publication, Web Site:
Herald Journal

Publishing Location:
Monticello, Indiana

Date of Publication:
Mar. 15, 2008

This catchword has yet to be researched.