Hi Rusty -
What everysone says here is true; battery lead is not a really good idea to melt with the normal backyard setup.
BUT... to satisfy your curiousity: Several years ago while working at a place that I could do it under controlled, safe, circumstances, I "recycled" some battery plates that had come in from a battery that had been cracked. The plates were dry by the time they got to me, so that problem was already resolved. Under a lab hood I melted a small batch; part of it was cast into RBs, the rest into an ingot mold for future use. Results were lousy. The RBs, were so hard that when fired from a .50 with 75 grs, they didn't deform to any significant degree in pine boards - they were almost reshootable (Common sense kept me from trying, but I still believe that I could have reloaded one and refired it.) Not wanting to give up entirely, I decided to see if I could harden up another batch of lead by chopping off a bit of ingot and adding it to a soft lead alloy. Out came the axe, down onto the ingot, and IT SHATTERED! Edge rolled on the axe, ingot lay in about a half dozen pieces on the ground. This ended my experimenting with battery lead; I didn't (and still don't) want anything that hard, and that fragile, in my guns. Too much danger of something going poorly during the loading and firing (imagine a ball stuck halfway down the barrel out of that stuff), of a riccochet, or a shrapnel spray if it hits something hard down range. This, admittedly, was ONE test with ONE battery, but the fumes and the end result just didn't justify any more experimentation with them. If you can use hard lead and get decent accuracy, and want cheap lead, go with wheel weights: they are usually free, safer to handle and cast, and I believe will provide much better performance than battery lead.
I hope this satifies your curiousity to the point that you don't feel the need to repeat the experiment... free lead is good, but not if it puts you at risk both during the casting and the firing, and ballistically doesn't give you the results you want.
Best of luck,
marmot