The metals that are in your old appliances and other items on your property can bring in a respectable income, especially if you're educated about how to sell the metals. Scrap yards and salvage centers can be excellent partners for your metal sales. To ensure that you're building strong relationships with such places, use these metal recommendations.

Understand How Metals are Priced

With all the various existing metals and alloys that are possible to sell, you must know which are better to sell than others. Ferrous — iron-based — metals will generally be more lucrative than an aluminum alloy, for instance. It's possible to know the price range that you're likely to command when you visit salvage or scrap yards through commodities market prices.

Copper, steel, and other pure metals are traded daily on commodities markets. Current prices, generally according to so-called "troy ounces", are available on business television networks, in newspapers, and on online financial sites. Knowing these prices will inform you about the value of your own metal inventory. You might, for instance, wait to sell the copper you've got on hand for a time when copper is riding high in the markets.

Sort Individual Metals

Because different metals and alloys are valued at different rates, it's more sensible to separate the steel or copper you have from the iron and gold you've got. That way, the scrap yard will be able to pay you according to each metal's value instead of a base price for a jumbled pile of metals. Taking time to sort through and bundle appropriately will help you.

Place Ads

Once you start selling, you may exhaust your personal sources of metal. You may have already reached out to friends and neighbors for any old appliances or metal that they've got. The next step is placing ads in your town newspaper; you can offer to haul away metal and appliances for free or a small price, and then start stripping items for metals you can sell to a scrap yard like Gutterman Iron & Metal Corp.

Meet Other Sellers

Other metal sellers can often provide both guidance and tips that will benefit your own scrapping work. They may suggest text for your ads, discuss how best to bundle metals, or be able to solve some problems you're having with selling. Online groups or scrapping forms can be fantastic resources.

Collecting and selling metals with the assistance of scrap tips like these will deepen your knowledge and skill. Local scrap yards will appreciate the skill and preparedness you bring to your work, and you can build a mutually respectful business relationship.