Disposing of unwanted scrap metal through the correct channels can prove quite a lucrative process for individuals looking to make some additional money, whilst also helping the environment. Scrap metal disposal helps remove unwanted items from your property, minimises the demand for future mining of recyclable metals, and contribute to the availability of natural resources to manufacturers. While there are several advantages to selling scrap metal to a metal scrap buyer, the main incentive for anyone who does it is the money that may be generated.
However, not all scrap metals are the same, and it’s certainly worth investigating the worth of what you’re selling as you could be astonished at how much the value varies across different types of metal. Continue reading to discover more about the most profitable scrap metals you can sell for cash right now.
1. Copper
Copper coats the pennies in your pocket, but don’t let that fool you into believing it has no worth. Copper is among the most costly scrap metals.
With this in mind, you should take precautions to secure any equipment containing copper, and be sure to scrap any excess copper as soon as possible. Some of the best items to scrap for copper include unused electrical cables, electronic equipment, and old copper pipes left over after a plumbing installation. Bring it all to the scrap yard for instant cash.
2. Brass
It should come as no surprise that brass is another highly valued scrap metal, but it may interest you to learn that there is a cash value difference between brass and copper. For example, a copper-zinc alloy that is 60 per cent copper by weight is still considered brass, but will not be worth as much as pure copper. Even if you’re not sure what the item is made of, make sure to ask before you attempt to scrap it.
3. Silver
While you may be tempted to sell silverware, jewellery and other precious metals separately, try to scrap them together to maximise the value of your scrap silver. In fact, some scrap yards won’t even accept scrap silver unless it’s attached to other scrap metals, such as copper or copper wire. Any screens, electronics or wires with a trace of silver inside also qualify.
Keep in mind that the fineness of silver determines its value, so even if you’re selling a few coins to a scrap yard, it’s important to note whether they’re silver dollars or not.
4. Stainless Steel
Stainless steel is widely used across the world, however, it is valuable as a scrap metal due to the other metals involved in the alloy. Many stainless steel goods also include precious metals, including chromium, iron, and nickel. Depending on the content of these additional materials, different stainless steel objects will be worth more money.
Stainless steel may be found in cooking utensils, automotive parts, and heavy gear used in warehouses and factories. People frequently send industrial-use stainless steel smeared in oil and grease to scrap yards for resale, however, items in that sort of state may attract a lower price than if the materials had been cleaned previously. If you’re going to scrap stainless steel, make sure it’s clean so you can get the best price possible.
5. Aluminium
Aluminium is one of the most common metals found in the world. In fact, it’s estimated that 10 per cent of aluminium ever produced is still currently in use. Still, aluminium has its worth as a scrap metal, and is usually the least valuable of the precious metals.
The main scrap aluminum items include cans, doors, and frames. Some people even make the effort to scrape away layers of paint to reveal the aluminium underneath for additional cash.
In addition to the primary aluminium coinage, junk cars are also a good source for aluminium.
6. Gold
Gold is the most precious of the precious metals that are commonly scraped. Gold may be sold by weight, by the karat or by the ounce. It is worth it to research how much gold you sell for in your area before attempting to scrap it.
If you’re looking to scrap gold, think about selling it in its physical form. Precious metals can be scrap for various uses, but gold is particularly sought after for jewellery.
If you’re unsure what you have, have a certified professional identify it before attempting to sell it.
7. Tin
Tin is a soft metal, which makes it easy to cut into pieces and melt down. Tin is mixed with lead to make it harder, which is known as tin-plated lead, and is used in a wide range of applications. Many items that contain tin-plated lead are also worth money as scrap, but many collectors also prefer to keep these items in their original form.
Tin may be found in cans, pipes, and in many kitchen appliances such as toaster ovens and coffee makers. It’s important to note that mixing aluminum with tin can be dangerous for your health.
8. Cast Iron
Cast iron is one of the earliest forms of iron and is tough, strong and heavy. This makes it useful for a number of purposes, but doesn’t make it easy to scrap.
To properly scrap an item made of cast iron, such as old cooking tools, you’ll need to use a hammer to chip away chunks around the inner edge of the object. Cast iron is rarely sold as scrap by itself, but will often be mixed with other metals.
Conclusion
Scrapping is a lucrative job that may be done with little investment beyond the cost of a pick and shovel. Many people are attracted to the idea of being able to make a living in their own home, working for themselves and being able to set their own schedule.
However, there are several things to consider before you begin this business. First, it is crucial that you understand the difference between ferrous and non-ferrous metals. Although both have their own value and may be found in similar places, the processes of separating them from one another is very different, and the fines assessed for improper removal of these materials can damage your venture.
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