Recycle Your Way To The Bank: How To Make Money Selling Scrap Metal
As you know, recycling allows you to get rid of some old possessions while also doing good for the environment. One popular material that many people recycle is scrap metal. Scrap metal is a great material to recycle because it’s used to make so many different things; cars, furniture, and machines are just a few of them. If you’re new to selling scrap metal, there are certain things you’ll need to know if you want to turn it into a money-making venture.
Separate Your Metals
After going around and collecting different pieces of scrap metal, you’ll want to separate what you picked up into different categories. Each metal, whether it’s copper, brass, or gold, should be separated because they are each worth a different amount of money. If your metals are mixed together, you will likely only be paid for the cheapest one, but separating your metals ensures you’ll receive a fair value for each specific metal. If you know you’ll be collecting a large amount of scrap metal and it will be too much to sort, bring separate containers for each metal and label them ahead of time.
Clean Them Up
The value of the scrap metals you bring in will be affected by how clean they are. The less rust and dirt there is on your metals, the more money you will get for them. However, cleaning up your metals isn’t just about rust and dirt; you’ll also want to remove any extras that are attached to your scrap metal. For example, if you have a piece of copper that has steel screws in it; it could be considered 95% copper because of the screws. If you remove the screws from the piece, it will be seen as 100% copper and will therefore be worth more money.
Determine whether Your Metals Are Ferrous or Nonferrous
Metals can be broken down into two categories: ferrous and nonferrous. Ferrous metals have iron in them, while nonferrous metals do not. Steel and iron are ferrous metals, whereas aluminum and copper are nonferrous metals. Nonferrous metals are worth more money, so you’ll want to separate them before heading to the scrapyard. The easiest way to sort them is by using a magnet; if the magnet sticks to the piece of scrap metal, then it’s ferrous, if it doesn’t stick, it’s nonferrous.
Once your metals are all organized, it’s time to bring them to the scrapyard. It’s important to note that your metals should go to a scrapyard, not a junkyard, because scrapyards specialize in metals and will give you the highest value for your items. Talk with a representative from a company like American Northwest Recycling for more information.