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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:31 PM
Original message
Copper and Robbers: Homeowners' Latest Worry
The Wall Street Journal

Copper and Robbers: Homeowners' Latest Worry

Thieves Target Wires, Pipes, Air Conditioners As Price of Hot Commodity Soars
By SARA SCHAEFER MUÑOZ and PAUL GLADER
September 6, 2006; Page D1

(snip)

The high price of copper is hitting home -- literally. The metal's skyrocketing scrap value is inspiring criminals to hit houses, making off with copper coils in air-conditioning units, copper wires, even the copper pipes used for plumbing, leaving some perplexed residents without running water.

In the past several months, police departments across the country have reported a surge in the number of copper-related thefts at homes, businesses and elsewhere. Police have reported everything from copper vases swiped from gravesites to more serious thefts, such as the copper wire stolen recently from a power substation in Oklahoma City that utility officials say caused a six-hour power outage for 4,000 customers. Sometimes thieves steal less than $100 worth of the metal but cause many times more in damages. Police in Detroit, for example, are reporting thousands of dollars in repair costs for street lights that have been stripped of copper components.

(snip)

Copper isn't the only metal sought by thieves. Products made from aluminum and steel are also being targeted -- everything from beer kegs to aluminum luggage carts. But thefts of copper -- which commands a higher price -- are especially onerous for homeowners and builders, as the metal is used throughout modern homes, including the inner coil of central air-conditioning units, electrical systems, gutters and water pipes. Residential air-conditioning units in particular are becoming popular with thieves. The copper insides of a condensing unit -- the portion of a central-air system that sits outside -- can fetch $50 to $150 at a scrapyard, while replacing an entire unit that's been plundered can cost $2,000 or more. Thieves often target units sitting unwatched at new construction sites or empty homes, but more brazen ones will strike even when residents are home. Noreen Alexander, a 62-year-old retired social worker, was in her Detroit home one hot morning this summer when she heard a strange noise out back. About 10 minutes later, her nephew noticed that the outdoor unit of her central air conditioner was gone. "I never believed anyone would steal an air conditioner that size, period," Ms. Alexander says. "Was I mad! I was hotter than the weather."

(snip)

Another target for thieves is copper piping, which often runs exposed beneath many older homes. Jared Barker, a 27-year-old corrections officer, was renovating his home in Huntington, W.Va., and left it unattended one night last month. He returned to find the kitchen tap not working. After checking below the house, he found that about a thousand dollars worth of copper pipe was gone. He was amazed that thieves would make off with the pipes in the roughly 10 hours he was away. "It takes a lot of guts to crawl underneath somebody's house and cut their pipes out," he says.

(snip)

In response to the rash of thefts, cities are starting to crack down. Montgomery, Ala., recently passed an ordinance requiring scrapyards to report the copper they take in to the police department, and police in Detroit are making sure local scrapyards are licensed and are collecting identification information from people who sell them the metal.

(snip)


URL for this article:
http://online.wsj.com/article/SB115750190918654533.html (subscription)


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Kutjara Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:34 PM
Response to Original message
1. Hmm. I wonder what the copper value in a penny is these days.
If it's more than 1 cent, I think I've figured out how to become a millionaire.
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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:38 PM
Response to Reply #1
5. Price of copper
from the story

The price of copper has more than doubled in the past year, closing yesterday at $3.65 a pound on the Comex division of the New York Mercantile Exchange. The price of copper scrap -- which is processed and sold to metal-making firms -- has also doubled, with high-grade scrap now fetching around $3 or more per pound at scrapyards, and lower-grade scrap less, depending on quality, according to scrap-metal dealers.

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Richard Steele Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:07 AM
Response to Reply #1
13. It actually is more than 1 cent.
But only the pre-1983s are 100% bronze, so you'll have
to spend a lot of time sorting.
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yorkiemommie1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:34 PM
Response to Original message
2. from Hawai'i
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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:36 PM
Response to Reply #2
4. Good! (nt)
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:34 PM
Response to Original message
3. Here they are ripping it out of the light poles on the freeways n/t
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azurnoir Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:40 PM
Response to Original message
6. Manhole covers here
there is a scrapyard that apparently smelts them right away.
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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:43 PM
Response to Original message
7. it's 1989 ALL OVER AGAIN
except i'm older

WTF?
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:56 PM
Response to Reply #7
10. 1989? I'm sorry, but I don't get the significance. n/t
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Richard Steele Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:08 AM
Response to Reply #10
14. There was a spike in copper prices in 89?
Edited on Thu Sep-07-06 12:10 AM by dicksteele
ON EDIT:
Yup.
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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:16 AM
Response to Reply #14
17. whoa cool chart, dicksteele
if that's for true it explains a LOT about the crap that went on down here back then
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Richard Steele Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:36 AM
Response to Reply #17
19. I was working power line construction at that time.
We made some SERIOUS beer money from salvaging old copper.

It was like an extra paycheck some months. We once had a little
afternoon get-together at our crew chief's house to salvage
about 5 miles of 'copperweld' wire. This was old 3-strand stuff,
2 strands of copper and 1 steel. Spent all afternoon cutting that
into short pieces and unwrapping it.

Good times, good times....
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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:14 AM
Response to Reply #10
16. in the gno (greater new orleans area)...BIG year for copper
Edited on Thu Sep-07-06 12:15 AM by pitohui
crackheads were stealing people's damn air conditioners off their houses for the copper

i could tell some stories but i'm tired

PM me and remind me, maybe i'll tell it tomorrow
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:50 PM
Response to Original message
8. a few weeks ago...
we had 2 aluminum street lights cut down in the middle of the night, and hauled to a scrapper for cash. (new construction area, so they weren't connected to the grid yet.)

copper isn't the only commodity that pays. :(
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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:53 PM
Response to Reply #8
9. where at?
aluminum aint worth dick, that is freakin pathetic

and yet i already know it's true :-(
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:04 AM
Response to Reply #9
12. suburb of Portland, OR
aluminum is about $.16 cents per pound right now... so if a pole weighs 100lbs (low guesstimate) thats $160.
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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:13 AM
Response to Reply #12
15. jeebus i'm driving to portland
i can pay for my gas and then some!
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question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-06-06 11:56 PM
Response to Reply #8
11. True
From the story

Copper isn't the only metal sought by thieves. Products made from aluminum and steel are also being targeted -- everything from beer kegs to aluminum luggage carts. But thefts of copper -- which commands a higher price -- are especially onerous for homeowners and builders, as the metal is used throughout modern homes, including the inner coil of central air-conditioning units, electrical systems, gutters and water pipes.

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Porcupine Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-07-06 12:28 AM
Response to Original message
18. You're just 9 meals away from a felony. n/t
.
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