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Saturday, February 5, 2011

Selling Scrap Metal On Ebay

Many of you may be familiar with the practice of selling computer components on eBay (especially the RAM and Processors). But can other scrap metals be sold on eBay?

All scrap metal has value, and people will only buy scrap for less than they can sell it or less than they can buy it elsewhere.

That being said, as yourself, "How many scrap yards are within driving distance of my home?" For most people they will say some number less than 13. When selling scrap metal on eBay, however, you are opening yourself up to a giant market: The Internet.

When you stumbled upon this site, you most likely were looking for some information on some type of scrap metal. Similarly, when somebody wants to buy scrap metal, many will go to an auction website.

People who buy scrap online include those in a metal shop, middle men, artists, or investors. Some will be professional, some will be amateurs. The point is, they will often be willing to buy for more money than a scrap yard!

Here is a list of things you can sell online for more money than when you sell to a scrap yard:


What are the tricks?
  • EBay and PayPal will takes fees out of what you sell. For example, If your listing sells for $50, you will only get about $44, and the rest goes to eBay and PayPal.
  • EBay takes NO fees out of shipping costs. This is why many people bump up the shipping cost, and use them to offset the eBay fees.  
  • Always show pictures of the item on a digital scale. This generally give people confidence when bidding. 
  • Add the weight of the item to its auction title, ie "4lbs of copper 1 scrap metal Cu bullion .99"
  • Adding words like "bullion", and possibly the purity of the scrap will be best to draw those investing on whatever metal you are buying.
  • Catalytic convertors are a very sought after scrap item. Amateure chemists will try to refine precious metals out of them. 

*Remember, making a little more money will not seem like that big of a deal when you spend an extra hour putting everything up for sale on eBay, and then take the tiem to ship them out after payment. Don't underestimate the value of immediate payment.

Good Luck Scrapping. 

1 comment:

  1. excellent write up! I have been following your site and facebook page for a couple of months and have learned a lot about scrap. i can attest that not knowing the tricks of the trade will screw you big time in the scrap industry! knowledge is power. thank you so much for every bit of information you posted and happy scrappin'!

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