The worth of this type of gold is based on its melt value, which is a calculation established by the weight in grams and the karat. There are many websites that offer calculators for this process. Certain refineries that purchase scrap may even send you a kit to conduct this test before mailing in your gold scraps.
So, where can you find scrap silver? There are lots of different options, including old electronics and household goods, as well as coins, but one of the most popular ways to get it is by buying broken silver jewelry. This jewelry isn’t worth its original price, since it’s no longer wearable, but the silver in it is still worth its weight, and can be recycled into a number of other things. You can get an amazingly good deal on real silver jewelry, even if it’s bent, dented, broken or seriously tarnished beyond the hope of cleaning.
If you have a lot of junk laying around such as old cars, hub caps, rims and copper, only to name a few, you should take them to your local scrap yard. Taking this scrap and having it recycled can reduce mining waste by a whopping 97%. This is huge for the safety of our environment. Recycling scrap metal may be profitable, but is also very resourceful. Also, the heavier your scrap, the more you get paid. Scrap yards often pay by weight, not by number of items. If you want to make a lot of money in one trip, look for lawn mower, car engines and other heavy scrap materials.
Cars that have been given a salvage titles are those that the insurance company claims would cost more to repair than the vehicle is worth. However, it’s mostly based on the estimated value of the vehicle as compared to the Kelly Blue Book so for example if you own an older truck that was in mint condition before you got rear-ended, the insurance company might decide the truck is not worth it to repair so they will want to total it. Having been in this situation myself I can assure you it was definitely worth it to me to repair my truck!
You may be asking, why should I sell my car to a car salvage company? You should do it because there are many benefits of doing so. A car salvage company will actually be willing to tow your car from the specified location without charging you anything. Furthermore they will pay you cash there and then on the spot.
Vintage car parts can be very expensive because they are not manufactured anymore. And because of this rarity, many people tend to ask for a large asking price if they do have one that is in working condition. Finding a vintage car that is in good running condition is rare, and if there is one, you can expect it to have a huge asking price.
Second off, make sure your equipment is correct. The best source of higher dollars is higher scrap metal prices – but having the correct tools to handle things in less time, and with less strain also produces more dollars in your pocket. Time is always money, regardless of what business you’re in. Having plenty of room – whether in an old cargo van, or especially in a makeshift trailer – will ensure you NEVER have to pass up some good to go scrap. Most likely, what you see now won’t be there will you get back…so the more you can fit, the more you can cash in! Also remember, spending time broken down on the side of the road is less time you’re cashing in on high scrap metal prices – so regular maintenance and keeping your trusty steed running is essential!
Two words can drive this rather easy way to make money: junk and inconvenience. If you peruse the daily classifieds, you will often see listings for free giveaways or curb alerts. People may have free fencing, large metal pieces and dead appliances that are free for the taking if you will just get it out of their home or yard. They may not have the time, resources or motivation to haul this «junk» away. If they don’t want to make money on their «junk», then you can. Capitalizing on the laziness of others is a great way to start making money.
Another, idea that struck me. Heated seats. This is actually a fairly simple idea. You can pull them from any factory-equipped car. Try the local cleveland junk yards auto parts. Just make sure they can bench test them before you walk out the door. You’ll want the thermostat control with this, which can be mounted under the tail for adjustment while riding. Basically, heated seats are no more then a heating pad element that sits under the upholstery, a top the padding. The heating elements average about 100-140 degrees F. I did a search for «Upholstery Heating Elements» and came up with some good results and even installation instructions and tutorials for various seats. Both OEM and retro fits.
So, now that you have gathered up all your scraps, let’s figure out how much it would worth. You can use a standard kitchen scale if you don’t have a jewelry scale. Weigh your gold scrap and convert the ounces to grams, because most dealers do transactions in pennyweights. One ounce equals twenty pennyweights and one and a half grams equals one pennyweight. After figuring out the weight of your gold scrap, find the current price.
