Presumably it is threaded into the pipe?
Unfortunately, to pull the clean brass out of the valve, you'll have to find a couple of pipe wrenches or a vise and one pipe wrench...and unscrew the pipes. The plumbers putty won't put up much of a fight.
If you don't unscrew the pipes out of the valve or end up having to cut off the pipes short in the valve the yard will hose you on the value of the valve. Say that fast 5 times!! Dont forget to take the valve apart to ensure that it is all brass. Sometimes there are steel or iron parts in it.
Jon.
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