How much can i sell scrap copper for

How much can i sell scrap copper for

Author: Directiv On: 15.07.2017

Scrap copper is everywhere right now. It is one of the most prized metals to be scrapped because there is such a need to produce items that are made from copper. Unlike other scrap metals, every scrap yard in the USA is interested in purchasing any scrap copper you might have right now.

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The first step to getting the best price is to know what the current spot market price happens to be. The prices for copper scrap are highly variable. Because there are so many different types and grades of copper that can be scrapped, you will need to be able to identify what type of copper you actually have in your possession. Here are the various pricing levels that are generally available in the United States right now.

Local and regional influences can affect the supply and demand of this metal, so treat these pricing examples as a ballpark figure to get an idea of what value you might have right now with your scrap copper.

how much can i sell scrap copper for

Each price is per pound of copper. There may also be other classifications offered at some scrap yards in the USA. You can turn in copper wire that has not been stripped and still receive a per pound recycling rate.

There will be a higher premium given on the spot price of the copper, however, because the wiring will need to go through a stripping machine before it can actually be recycled. Here are the telltale signs that will let you know what grade of copper your scrap happens to be. Wire strippers that are hand-operated can work well for thin gauge wire.

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Heavier gauge copper wire is worth more, but also generally requires a stripping machine to access the wire that is being scrapped. If you have extra cables and wires stuffed into a drawer, then you have money that is waiting to be collected. Almost all cables that are used for electronic equipment in the USA has a foundation of copper wire to it.

If you can strip the cables or open them up enough to prove to a scrap yard that they are copper, then you could have some money in the bank. The most common advice offered to those looking for copper scrap is to look for plumbing pipes, joints, and fixtures. Although extra components of a home or business plumbing system may be copper, it will almost never be 1 copper.

Most copper plumbing qualifies at 3 copper at best because of the amount of soldering that is required to construct the system. Look instead for used appliances that are just rotting away somewhere in your community.

If there are transformers or electrical motors still attached to them, then you could have a fortune in scrap. Transformers in appliances have the copper exposed already. Just cut it and unwind it to get a rate that is equal to 1 copper wire. Electric motors may need to be opened to access the copper wire, but any heavy enough motor at current prices could bring in a nice chunk of cash as well. You can also find copper scrap in televisions, monitors, and other electronics.

As an extra bonus, the copper wires in electronics typically have brass ends or plugs to them, which you can also scrap for some cash. When you deliver your copper to a scrap yard, they are going to identify the grade of metal that you have. The lowest grade metal in the batch will make the entire amount of copper scrap being weighed the same grade.

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If you have 1 piece of 3 copper in a pound pile of 1 copper, what you have in the eyes of a scrap yard is an entire pile of 3 copper. Always sort your copper and check it at least twice.

how much can i sell scrap copper for

If you have multiple grades of copper within the same pile and it is not sorted, you will receive the lowest possible price for your scrap metal. This is why knowing the complete grading system is so important. Because copper is such a highly sought after metal, it is incredibly easy to find buyers for the scrap. Anything above this may not get you the best possible price.

how much can i sell scrap copper for

Although they have a good copper value, it is illegal to melt any US currency. According to the laws of the United States, it is legal to melt foreign currency to get copper.

Melting them and turning them into a scrap yard would be illegal in Canada, but not illegal in the US. Copper prices per pound are stable because this scrap metal is in high demand. Use this guide to know where to find scrap copper, contact your local scrap yard to verify local scrap copper prices, and then separate your metals by grade.

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