Metal Monday: Those Magnets, Not Tools

Scrap magnetsHey iScrappers!

What is a scrappers favorite tool? A magnet! A magnet will be able to tell you what different types of metals you have and help sort the more expensive metals from the cheaper grades. But did you know that sometimes you can make money selling different magnets?

Most magnets that you will find are going to be cheaper, low scrap value, but there are certain types that are worth money.

Magnets like ceramic magnets from speakers are low scrap value, but are great and handy tools to have when you are on the road scrap hunting, so make sure not to just throw them out.

When it comes to another type of magnet called an alnico magnet, most commonly found in harddrives, that is where you are able to cash in. While most of these magnets have a steel plate attached to them, they still can be worth money to sell to the right scrap yard.

Until next week, scrap ya later!


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