So, what is a scrapper’s favorite tool? A magnet! A magnet can 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 you will find will be cheaper and have low scrap value, but certain types are worth real 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 throw them out.
When it comes to another type of magnet called an alnico magnet, most commonly found in hard drives, it is the one you can 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!