oilfield drill bits

[DemonWolfe]

Does anyone know if scrap yards take these drill bits they are made from a very hard steel. I have heard of people throwibg them in with other scrap and tearing equipment up with them

[kenley]

I have seen rorary drill bits laying around, but havn;t figured out why. They are usually rebuilt since the larger ones cost thousands of dollars.

[theirratonalist]

Yes they will take it! just don't throw it in with the other stuff. Bring it in and let them decide what they want to pay you. Depending on the type of metal, it could be considerably more.

[DemonWolfe]

Thanks for the replies, I work out in the oil filed and find these laying all over the place, and even some of the small ones weigh 15 to 20 pounds a peice. a guy here in town i know, he took in a car a couple years ago and had tossed a couple of them inthere, broke down the equipment and i guess when they went in there to look they found one of them jaming something up, they told him not to come back.

[DemonWolfe]

I have sold a number of the ones that I find that are still in good shape, and I have averaged around 50 to 60 dollars a peice on them, but you find ones that are bad a hundred to one. Went down to the scrap yard today and asked about them, they said they would take them, but they have to be sorted from the rest and their not sure what kind of steel they r made from so they will take them for the same price as regular steel.

[sidmind]

I work at a manufacturing plant who produces the bits so I know a few things about them.
On the three cone rock bits they start out as forged steel then heat treated to make It very hard.

If you see little buttons on the "cones" those are tungsten carbine. But you will spend more on the process of getting those out than they are worth.

All of them will have hard facing of tungsten carbine placed in strategic locations. No way to get that off either.

I can answer any thing you want to know about them.( as long as it's not against work rules)
I have worked there 21 years and my dad has for 43 years. It's one of the largest and oldest and best drill bit manufactures in the world.

[DemonWolfe]

Most of the ones I get have the three cones, and have triangular teeth on them, they are Varel brand I believe. I know some of the ones the company I work for sells, they adverage about 900 to 1200 dollars depending on the size, bigger ones are more, and the smaller the more they cost as well. Have seen some with the buttons on them, but don't come across them to often. I'm sure nobody pays anymore than steel price for forged steel, I'll just keep selling the good ones on ebay, Ive done pretty good on there. If I have anymore questions about them I will be sure to ask, thanks for all the help.

[setupman]

my company buys scrap drill bits and tungsten carbide

[junkyarddog]

high carbon steel buyers good $$$$$$$ more than any SCRAPYARD