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10 Ways to get Cash by Selling Scrap Metal
Everyone is looking for a way to make an extra $100 or $200 bucks cash. Recycling scrap metal is a way to do that or you can even make a business out of it. So what do recycling centers buy and how much do they pay for scrap metal? Here are the answers to those questions.
1. Desktop Computers:
Most dumps will take desktop computers and buy them for .07 a pound. Most desktop computers weigh 10 to 20 pounds so unless you have a lot of them you aren't going to get rich selling desktop computers!
2. Blenders or Mixers:
Blenders and/or mixers are purchased at .07 cents a pound. They only weigh, maybe 5 pounds, but hey every little bit helps.
3. Cast Iron including Cookware:
Cast Iron, whether it be cookware or gating or what have you sells for .09 cents a pound and cast iron is heavy! So the next time you can lay your hands on cast iron scoop it up and add it to your haul.
An old refrigerator would sell for about $10.00
5. Stainless Steel Pots, Pans, Silverware etc:
Stainless steel sells for .55 cents a pound, it should be non magnetic 304 grade in stainless steal pots and pans, hubcaps, or kitchen sinks. How do you know if it's 100% stainless steel? Check with a magnet, if a magnet sticks to it it's NOT 100% stainless steel, they will still buy it but not at .55 cents per pound.
6. Plumbing Fixtures or anything made of Brass:
Brass sells for $1.25 to $1.50 per pound. Plumbing fixtures, shut off valves, ornamental plates, trinkets, made in India like giraffes, grave markers, vases for graves are just a few of the items that are made of brass and worth cash at the dump.
7. Copper and/or Copper Wire:
Copper is going for $2.30 to $2.60 a pound. #1 and 2 grade wire which has to be 14 gauge and heavier would be $2.60 a pound, if it's dirty or finer it would be $2.30 a pound.
Cars are sold by the ton at $200.00 dollars a ton. To give you an example a Ford Esquire weighs about 2000 pounds and would therefore bring in $200.00 dollars, whereas a Cadillac would weigh about 4000 pounds and would go for $400.00 dollar.
Platinum is the granddaddy of metals. It brings in $1000 to $1400 an ounce! The reason is that it's not easy to find. Most platinum is found in old commercial and industrial pottery kilns and steel mills, not exactly something you would find lying around the house!
Aluminum is everywhere and it brings in .40 cents a pound unless it's over 100 pounds which would then bring in .10 cents more. A good source of aluminum is soda cans but one can also find aluminum in siding and other materials inside a home.
Other Items they will Buy:
Other items that you can sell at your local neighborhood recycling center or dump are steel radiators, electric motors, catalytic converters. Catalytic converters, the exhaust on your car will sell for $3.00 dollars and up to $250 for big diesel ones. Due to the recent onslaught of thefts some states have put a cap that allows only one sale per person per day because of theft. It costs $300 to $600 dollars a piece to replace them. Hot water tanks, furnaces, lawnmowers, microwaves, TV's, freezers, ovens are also purchased. When in doubt give your local dump or recycling center a call and they will tell you what they buy and how much cash they will give you for it.
The smallest item worth the most would be platinum wire, the size of a golf ball. It is worth 10 to 15 thousand dollars! However, copper is the most valuable common item.
These prices will change as the market dictates so be sure and check with your local recycling center.
The recycling center or dump will pay you cash. The only thing you must provide is a state issued photo identification card like a driver's license. The driver's license doesn't have to be from the same state.
How Do You Find Scrap Metal?
One way to lay hold of some of these items is to volunteer to haul them away for people. Many people are unaware that there is any value in old appliances or they are too busy to care. By advertising in Craigslist (for example) you could make a good chunk of money simply by hauling these items off to the dump. Another way is to offer to haul away left over items after a garage sale. Most people are too tired to deal with the left over stuff and you'll find some great items to scrap doing this.
In any case, selling scrap metal is an easy way to make some cash on the side or even start a new business. I hope this article helps those out there who are literally strapped for cash.
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