Depending on the material, you can actually make an honest living by selling scrap metal nowadays. People are making around $10 for every 100 pounds of metal.

Depending on your level of dedication, you could possibly take your family on vacation with your metal scrapping money, and not even have to take out a payday loan!

You can sell anything that contains metal from old appliances to Christmas lights and even old car parts.

The only issue is, you need to know which metals will bring you the most bang for your buck and which are pointless to collect.

We created this article to save you from the troubles of wasting time not collecting the best things to scrap for money.

Keep on reading to discover the best things to scrap so you can turn metal scrapping into a money-making hobby today!

What You Need

First off, you need the right tools to be able to locate the best metals (which we talk about later in this article).

You will need a magnet to differentiate ferrous metals from non-ferrous metals, the magnet resonates with the ferrous metals which bring you the most cash.

Then you need a large container to collect the metal scraps in, we suggest something with a hard exterior, as some sharp shrapnel can cut through a cardboard box, which could injure you.

Ferrous and Nonferrous Metals

Ferrous materials contain iron (Fe) which is what the magnet is attracted to. Ferrous metals also make a lot less money than nonferrous metals. If your magnet does not stick, you are going to make more cash for scrap metals.

Some nonferrous metals include;

• Brass
• Copper
• Stainless Steel
• Lead
• Aluminum
• Stainless Steel

The most lucrative metal in this list is copper, with the current scrap copper prices are up to $2.65 per pound. You can find copper in parts such as plumbing fittings, water supply systems, refrigeration units, switches, circuits, wires, and pipes.

Nonferrous metals include items such as heaters, dryers, washers, most appliances, automobiles, and most structural steel.

Cashing in Your Metal Scrapping

This is the fun part, where all your hard work pays off (literally!) It is as easy as locating your nearest scrapyard and bringing in your collection. There is a new app called iscrapapp which will actually help locate a nearby scrapyard in your area.

A few key reminders to make the most money is separate the best things to scrap from the others. You will need to clean up your scraps and remove the unnecessary attachments as the scrapyards are known for deducting money if they have to do that themselves.

Take some time to put some TLC into your scrapping metal before you take it in.

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