Have you ever wondered how to turn your business’ old, unused scrap metal into cold, hard cash? If so, you’re in the right place. In this beginner’s guide, we’ll walk you through the process of selling scrap metal to a refinery, step by step. From understanding the different types of scrap metal to finding the right refinery for your needs, we’ve got you covered.
Finding the Right Refinery
It’s important to find the right refinery to sell your scrap metal to. Different refineries specialize in processing specific types of scrap metal, so you’ll want to do some research to identify the ones that are best suited for your materials. Look for refineries that have a track record of handling the types of scrap metal you have, as well as those that offer competitive pricing and excellent customer service. By finding the right refinery for your scrap metal, you can ensure a smooth and profitable selling experience.
Manhattan Gold and Silver has been handling gold and silver since 1985. Our small, family-owned refinery specializes in serving businesses with precious metal refining needs. We frequently work with dentists, pawnbrokers, jewelers, and miners to recycle their precious metal byproducts.
Understanding the Types of Scrap Metal
Understanding the types of scrap metal is crucial when it comes to maximizing your profits and finding the right refinery for your materials. Different types of scrap metal have varying values, so knowing what you have is key. Each metal has its own unique characteristics and uses, so it’s essential to separate and sort them properly before taking them to a refinery. At Manhattan Gold and Silver, we accept gold, silver, palladium, and platinum.
Preparing Your Scrap Metal for Sale
Once you have organized your scrap metal, make sure all pieces are clean and free of any contaminants such as paint, plastic, or rubber. Refineries prefer clean scrap metal as it reduces the processing time making it quicker for your business to receive their payout.
Ensuring a Smooth Transaction
Effective communication with the refinery is key to a smooth transaction when selling your scrap metal. Make sure to provide clear and detailed information about the materials you are selling, including the type of metal, weight, and any special characteristics. Be prepared to answer any questions the refinery may have about your scrap metal and address any concerns they may raise. Our customer portal makes it easier than ever to communicate with our team about questions or concerns you may have.