Cash In On Scrap Metal: Pointers To Get You Started

Construction & Contractors Blog

If you're looking for a way to make some extra cash, consider heading to the scrap yard; no, not to inquire about a job, but to trade in scrap metal for cash.

In recent years, the value of commodities has boomed, and with it, so has the value of scrap metal. A decade ago, scrap metals were worth pennies, but today, they are worth dollars – and those dollars can quickly add up.

If you would like to cash in on the scrap metal craze, here are a few pointers to get you started.

Valuable Scrap Metals

There are several different types of scrap metals, and some are more valuable than others. Knowing which ones have the highest value will allow you to cash in the most.

The scrap metals that have the highest worth include:

  • Iron
  • Steel
  • Aluminum
  • Copper
  • Brass
  • Bronze
  • Lead

Where to Find It

Where can you find scrap metal? Why, anywhere! Your garage, under your kitchen sink, in your office, on your neighbor's curb; valuable scrap metal can really be found anywhere. Old toasters, stainless steel shelves, and even your broken Christmas tree lights (they contain copper wire) contain scrap metal that you can turn into cash.

Collecting It

Gather a decent collection of metal before you take it to the scrap yard. You'll save yourself time and you'll walk away with more money in your pocket if you cash in a big load at one time.

Gathering your collection of metal in the bed of a truck or in a flat bed is a wise idea. It's easy to load, transport and unload this way. If you plan on collecting metals from curbs, bring along a companion for help. Stainless steel shelves or an old boiler sitting on the side of the road can be heavy, and you'll be glad to have someone who can help you lift these heavy loads.

Find Out the Value

Before you take your load of scrap metal to trade it in for cash, find out what it's worth. The value of metals changes daily. There are several tools online that illustrate the daily value of metals. However, you should be aware that despite the value, each scrap yard will offer a different price for your metal. The price they will offer depends on their demand for the metal. It's wise to call a few different yards ahead of time to find out which one will offer you the best price.

With these pointers, you can start making some extra cash with scrap metal. Also, consider visiting a scrap metal recycling center, such as Cherry City Metals, to recycle any items that you might not be able to sell. 


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