Metal Scrap Yard: Where To Sell Scrap Metal

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You know that scrap metal can be recycled for cash. It is one of the largest exports the US has, and it depends on people who have scrap metal floating around their property to continue finding success. By recycling this metal, less ore needs to be mined, and you get paid for delivering the extra aluminum, brass, copper, iron, and wiring that you don’t need.

To get the cash, you’ve got to know where to sell scrap metal. In most communities, that means finding your local metal scrap yard. Here’s how you can find where to sell your scrap today.

#1. Look for a private scrap yard.

Finding your local scrap yard is as easy as placing a Google search today. With Google’s advanced algorithms, the search engine will take your location and give you the address of your closest metal scrap yard. Just search for “find a scrap yard near me” and you’ll receive all local results with a map to their location if one exists.

If there isn’t anything local, you’ll be given a regional outlook instead. This can let you know what centers are close to your home, give you access to their website, and even give you directions to the yard if needed.

#2. Some local governments are in the scrap business.

As part of the trash and recycling programs of some communities, a scrap metal recycling program has been instituted at varying levels across the United States. These may be city-based or county-based. Not every program will offer you a cash payment for your metal scrap, but the profits that come from turned in scrap go to offset the monthly program costs that you’re paying. In other words, you won’t get cash now, but you might save a couple bucks on your utility bills every month.

There are some programs that do offer cash that is based on the weight of the scrap being turned in. Just make sure that when you’re turning in scrap metal for cash that you aren’t being weighed at a landfill. You’ll be charged the difference in weight reduction on the scales when you exit the facilities even if you sold the metal scrap for cash.

#3. Some businesses will buy your scrap metal from you.

Known as “scrappers,” these folks are always looking out for scrap metal that you don’t need. They’ll sometimes even pay you for your extra scrap metal if it doesn’t take a lot of work to load it up and take it to the metal scrap yard. If your scrap is just lying around your property, you can hire these folks to pick up the metals and take them away for no charge, but you won’t typically receive any money from the scrap value either.

#4. Beware of mail-order scrap metal purchases. 

Some scrap metal is fairly lightweight and can be effectively shipped to a scrap metal yard. Most of this time this involves precious metals like gold or silver, but platinum and palladium are often accepted as well. You’ll need to thoroughly research the reputation of these scrap metal yards that accepted mail-in metals because not all of them have been created equally.

The first problem is that you typically need to send your metals to the metal recyclers without any down payment. You’ll need to insure this package and require a signature to provide evidence that it was received if you don’t get paid for your metals.

The second issue is that many mail-in programs offer a fraction of the spot price value for your metals. Some programs that have advertised nationally in the United States have offered as little as 15% of spot price value with their payment. Because you have to send the metals in first before you receive compensation, there’s no real way to reject a low offer.

The final issue is that there is always a risk that your metals could get lost, stolen, or destroyed in transit. The insured value can help you get some cash back in this circumstance, but without insurance, you could be out your scrap metals and any profits.

#5. Copper is coveted.

For scrap metal in the United States, nothing is more coveted than copper. It brings in the highest resale value when it is bright and in tubing or wiring form. Because of this high demand, it is possible to negotiate the premium that is placed on the sale. Copper is governed by a spot price, but a percentage of the amount goes to the scrap yard so they can make money too. This is the percentage that you can negotiate.

If a metal scrap yard doesn’t want to negotiate with you, then you may wish to look for a different yard within your area.

#6. You may be required to provide a biometric identification.  

This is a fancy way to say that some state laws require you to be fingerprinted if you’re selling scrap metals. If this is the case, you’ll see a fingerprint scanner at the checkout scales after you deliver your metals. Depending on the setup of the scrap yard, you may then either receive a cash payment then or be given a ticket where you can turn it in at a cashier or cash distribution machine.

#7. Some retail locations will take your scrap metal.

10 states and 1 territory in the US have container deposit laws. Some of them cover all glass, plastic, and aluminum containers. Others may just require aluminum cans to carry the deposit. When you’re finished using the container, they must be returned to a redemption center. When this happens, you get the deposit paid in advance returned to you. Most deposits range from $0.05 to $0.10 per container. That means you’ll pay an extra $0.60-$1.20 on your preferred 12 pack of carbonated beverages.

It also means that there is an incentive to pick up containers that are loose in your community. With every container worth at least a nickel, you can make a lot more money than most aluminum can bulk rates. In Iowa and other nickel container states, it takes 30 cans to make up one pound which would be worth about $0.36 at the scrap yard. By turning them in for the deposit, you could make $1.50. At a $0.10 deposit, you’d receive $3.

Knowing where to sell scrap metal can help you get the best rates that are available in your community. Collect your scrap metal today, sell it, and pocket the cash.

Run a Scrap Yard? Advertise Here!

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