I guess I got off-topic with my first reply. As to the scrap value of a locomotive, I'd say the first thing to go is the re-saleable parts. Prime mover, alternator, traction motors, etc. Probably around $100.000 there. After that, if I was the scrapper, I would market the "collectibles" such as horns, builders plates,control stand, seats, lights, etc. around $5000.00 perhaps. Then we have the items like wiring, probably at least 500 pounds of copper in there, Aluminum in the radiators, maybe another 2or3 hundred pounds. 3 cylinder 750 cfm air compressor for sale? $2000.00. Air brake parts, another $8000.00 to the right buyer. commercial grade chemical toilet, $1500.00, Cooling fans, 500.00 each,
couplers, $200.00 each, trucks, $5000.00 each,
I may have missed a few things, but after that figure the scrap value on steel for the remaining hulk, The frame itself is probably close to 100,000 pounds, and you are going to make some good money. The reason that the big railroads don't scrap their own locomotives anymore is a factor of cost of labor. They no longer have "Laborers" on staff. The mechanical depts. have been cut to the bone so most of them are now at $35 to $65 an hour because they are now all highly skilled craftsmen. No longer do they have the extra manpower to cut up locomotives. Most old engines wind up at the huge sea-side mega scrapyards, cut up and loaded into ships bound for China. Next time you buy anything that has metal in it, it's probably from China, and it probably has a few SD-40s in it... toot-toot!!!