My friend just bought an old house here in the NE. When I went into his basement I just about passed out. Copper waste lines everywhere! I said dude scrap that stuff and it'll pay for that new A/C condenser you need.
I've never seen copper strapping like what's in the OP picture though. It has to be worth some good coin!
The "strapping" is actually a mount for the water stub outs. It's copper clad steel so you can solder the copper pipe to it.