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Selling scrap metal can generate income and benefit the environment by recycling waste. To maximize profits, separate and sort metals and sell when the market is paying the most. Contact multiple salvage yards to compare prices and find out which types of metal they accept.
Selling junk not only generates income, but also helps the environment by returning waste for recycling. The amount of money earned from a truckload of junk can be significantly increased by following a few simple tips. It is not just the type of metal that determines what it is worth, but also the grade of the metal and its condition. Also, scrap prices fluctuate frequently, sometimes changing from day to day. To get the most out of scrap, it needs to be separated, sorted, and sold when the market is paying the most.
The easiest way to find out what a junkyard is paying for a particular metal is to call them. Most salvage yards provide their current rates. By getting in the habit of contacting them often, patterns often emerge that indicate where the market for the metal is headed. Before selling scrap, it helps to contact several different salvage yards in the area. It’s not uncommon to find big differences in what junkyards pay, even when they’re located close to each other.
One of the ways metal is classified is by its condition. An aluminum load fetches a decent price, but if that same aluminum has embedded screws or is painted, you’ll earn substantially less. It pays to sort the metal before picking it up, as a junkyard only pays the amount left for the lowest quality metal in the load. If a load contains a mix of clean aluminum and painted aluminum, the junkyard will count the entire load as painted aluminum. Along the same lines, if a load contains a combination of different metals, such as galvanized steel and stainless steel, the entire load will be counted as galvanized.
Some salvage yards only accept certain types of metal, while others take almost all types. The most efficient way to sell scrap is to find out in advance which junkyards take which types of metal and which will carry mixed loads. Also, it helps to ask if they have minimum weights they will accept or if they will take small amounts. Sometimes selling scrap involves compensation. It may take longer to remove screws, scrape paint, or strip the coating from copper wire, but in the end, the payoff can be much greater.
Smart Asset.
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