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10 Steps To Turn Scrap Metals To Money

Do you have many metal scraps lying around? I will show you how to turn them to earn extra cash today.

But where do I find a scrap yard near me? Good, this post is for you.

PS: If you only want to get rid of your scrap metals and you are not looking to make this an additional income stream, you can just use this tool:

What scrap yards are open close to me today?

But if you are looking to earn big with this, then stick around and read the details.

Secret: This is a business that you can start with no money.

SCRAP YARD NEAR ME – A Detailed Guide On How To Sell Scrap Metals For Money

1. Identify the kind of metals you have

The first thing you have to do is to identify the kinds of metals you have.

Most of the metals you have at home can be recycled. You don’t have to look too far. If you have any of these metals, you can easily scrap them for cash:

  • Old laptops
  • PC towers
  • Bicycle parts
  • Stainless plates and cutleries
  • Aluminium pots
  • Damaged Fan
  • Copper pipe

You can also scrap other household items that contain metal parts:

  • Aluminum Pots and Pans
  • Brass Faucets
  • Stainless Steel Sink
  • Copper Pipes and wires
  • Electric Fans
  • Old Christmas lights
  • Mini-Transformers
  • Laptops and CPUs
  • Lawn Chair
  • Abandoned vehicles
  • Old Appliances
  • Old bicycles and motorcycles
  • Abandoned vehicles
  • Abandoned Boats

2. Get more metal scraps to make more money

A few scrap metal materials can earn you some bucks. That’s fine if you just want to get rid of them. But if you want to cash out big, see this:

1. Sell in bulk

The more metal scraps you sell, the more money you can make. Of course, it goes without saying.

But the point is, by selling in bulks, you will be able to negotiate a more favorable price for your scraps.

Of course, you can only sell as many scraps as you have at home. So, what do you do? See the next two points.

2. Ask neighbours

An easy way to gather more scrap metal materials is to ask your neighbors.

Your neighbors won’t mind gathering their old metal scraps for you since you are basically helping them to dispose of those junks.

Some of them may also negotiate a price cut with you, but you will still get a fair share.

Of course, you will also get some curious looks. But don’t worry; the worst reply you can get is a No.

3. Get free scrap metals from Craiglist

You can also find scrap metals for free on Craiglist. Some users post items for free on Craiglist to just dispose of them and free up space.

But even if they want to sell, you can buy the scraps cheaply and flip them for much more profit.

Some of the scraps you should look for are old vehicles or machines.

3. Sort Your Scrap Metals Based on Their Materials

The quickest way to sell your metals cheaply is to pack them together and sell them like they are the same materials. Hi Biggie, they are not!

Copper and lead are more expensive than Aluminium, iron, and steel.

Now, keep in mind that your scrap dealers won’t tell you to sort your metals. No, he wants you to lump them together and sell them for one cheap price. If you do that, you will throw more money into his purse.

But you will avoid that if you can take the time to separate your metals into their different materials: Coppers, aluminum, iron, and steel and sell them as such.

4. Know the price per pounds of different metal materials

Different metal materials have different industrial uses, and they sell at different prices.

Here are the national average prices for different metal materials:

Metal Type National Average Price
Copper $1.52/lb
Aluminium $0.2/lb
Brass $0.8/lb
Stainless Steel $0.2/lb
Steel $80/ton

And here are the national average prices for some common household scrap metals:

Scrap Metals National Average Price (per lbs)
Bare bright copper wire $1.65/lb
Insulated copper wire $0.35/lb
Aluminium cans $0.28/lb
Aluminium rims $0.34/lb
Computer hard drives $0.30/lb
Old car batteries $0.20/lb

You also want to note that the national average price for scrap metals changes almost daily. But you still need to know the price changes to avoid being short-changed.

So, do make sure to check the daily price changes on Iscrapp to have an idea of how much your scrap materials are worth before you find a dealer.

5. Estimate how much your metals are worth

Using the national average prices for different scrap metals, you can have a quick idea of how much your scrap metals are worth.

You don’t need to do the math. Here it is:

Houseold Items Average Weight Estimated Price
Refrigerator 180 – 350 pounds $18 – $3.5
PC Tower 25 – 27 pounds $2.75 – $2.97
Computer Hardrive 1.5 pounds $0.45
Dryers 150 – 200 pounds $15 – $20
Washing mach 150 – 200 pounds $15 – $20
Microwave oven 30 – 50 pounds $3.6 – $6
Old car battery 40 – 60 pounds $8 – $12
Abandoned car 2871 pounds $102

6. Compare Prices with Different Scrap Yard Dealers

Different scrap metal buyers will likely offer you different price quotes. To get the best money for your scrap metals, you will need to try 2 or 3 scrap buyers and compare their prices.

Some buyers will also give you more favorable deals for large loads – or even help you with a truck.

7. Be Aware Of Local Scrap Metal Laws

States have scrap metal laws to regulate the buying and scrapping of junk metals.

Some states may require you to leave your signatures or photocopy of ID at the scrap yard. Scrap dealers will also take snapshots of the metals – for future references.

But if you own the items, or someone willingly gave them to you, then you have no problem.

To learn more on regulation for your specific state, check out states’ scrap meta laws here

8. Find a local scrap dealer nearby

To find scrap metal buyers close to your area, go to Google and search “scrap metal yard buyers near me”.

You can also use the “Find the closest scrap yard” tool at the top of this post.

The tool will take you to a Google Map page with addresses of scrap metal yards in your area.

9. Move Your Metal Scraps To The Yard

If you only have a few metal junks to scrap for money, then you can transport them in your car.

For large or heavy metal scrap, you need a truck. But what if you don’t have a truck?

There are ways to go about it:

Borrow: If your friend or relative has a truck you can burrow, then use the opportunity. You will be able to cut costs and make more profit from your scrap metals.

But keep in mind that you still need to fill in the fuel.

You also need some caution when loading or unloading the metals to avoid damaging the vehicle and incurring extra expenses.

Negotiate with a local buyer: So, you don’t have a truck, and you are not chanced to borrow? There’s one more thing: Negotiate.

Some scrap buyers will accept to provide you with a truck if you have a large load of junk metals to sell.

Final thoughts on metal scrap yards nearby

Have you sold scrap metals before, or do you have some around the home that you are considering now?

Finally, are you even looking to making this a big business?

I’m Tunde. I'm a finance writer and business freak. When bored, I remember my goals, jump up four times and run back to work.

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