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Other => Serious discussion => Topic started by: Jet Cash on March 10, 2020, 11:59:57 AM



Title: Scrap metal prices are down
Post by: Jet Cash on March 10, 2020, 11:59:57 AM
I've got 8 garages full of "stuff", and I need to get rid of at least half of it. The price of light iron has halved at the scrap yards, but I really need to catch the better weather to dispose of stuff. I'm tempted to advertise dome of the collectable on the boards here, but do people really want old British coins or ration books? Is the collectable section most useful for selling crypto related objects?


Title: Re: Scrap metal prices are down
Post by: CristianOff on March 10, 2020, 09:50:39 PM
I am interested. The old british coins sound interesting. Also in any other stuff you may have

You can also post your stuff on ebay. Just take a picture of everything


Title: Re: Scrap metal prices are down
Post by: btcltcdigger on March 10, 2020, 11:13:45 PM
Anything 90% or more silver you got lying around?
I'd be interested in buying some junk silver/gold. I have a furnace so plan it to smelt it into a bar or something similar


Title: Re: Scrap metal prices are down
Post by: Jet Cash on March 11, 2020, 07:24:00 AM
I've got a load of old 3 pence pieces - I think they are 98% silver. I'm going to hang onto them, as I believe silver is seriously undervalued at the moment. The metals I am keeping are -

Gold - it's a traditiinal store of value
Silver - another traditional store of value
Copper - the price is down at the moment, but I'm hoping it will recover next year.
Lead - another one for recovery. I'm keeping this because of the volume/weight ratio.

I might keep a couple of old motor cycles, but much of my agricultural collection can go - so who wants an old Allen scythe?  I got several sacks of old mother boards, hard drives and other computer bits. I was going to write an article about hunting through old drive for Bitcoin wallets, so maybe I should do that. I was also going to use the neodymium magnets frm the hard drives to make a magnetic fishing raft, but that doesn't find gold and silver coins of course.


Title: Re: Scrap metal prices are down
Post by: btcltcdigger on March 11, 2020, 08:22:25 AM
I've got a load of old 3 pence pieces - I think they are 98% silver. I'm going to hang onto them, as I believe silver is seriously undervalued at the moment. The metals I am keeping are -

Gold - it's a traditiinal store of value
Silver - another traditional store of value
Copper - the price is down at the moment, but I'm hoping it will recover next year.
Lead - another one for recovery. I'm keeping this because of the volume/weight ratio.

I might keep a couple of old motor cycles, but much of my agricultural collection can go - so who wants an old Allen scythe?  I got several sacks of old mother boards, hard drives and other computer bits. I was going to write an article about hunting through old drive for Bitcoin wallets, so maybe I should do that. I was also going to use the neodymium magnets frm the hard drives to make a magnetic fishing raft, but that doesn't find gold and silver coins of course.

I'm out then. You're basically keeping 3 out of 4 things i'm interested in :D


Title: Re: Scrap metal prices are down
Post by: Last of the V8s on March 11, 2020, 09:24:26 AM
Those Allen scythes were vicious-looking beasts but effective. I decimated some scrubland that was just taking over in half an afternoon after all.
Since, I've seen them as restored collectors' pieces, but maybe here is not the ideal venue to get rid.


Title: Re: Scrap metal prices are down
Post by: odolvlobo on March 11, 2020, 07:51:35 PM
I've got 8 garages full of "stuff", and I need to get rid of at least half of it. The price of light iron has halved at the scrap yards, but I really need to catch the better weather to dispose of stuff. I'm tempted to advertise dome of the collectable on the boards here, but do people really want old British coins or ration books? Is the collectable section most useful for selling crypto related objects?

Keep in mind that there is an opportunity cost to hoarding scrap. You are effectively investing in scrap, and a better alternative might be to sell it now at the current price and invest the money elsewhere.


Title: Re: Scrap metal prices are down
Post by: Jet Cash on March 12, 2020, 08:08:04 AM
Most of the stuff I've accumulated, I have obtained at low or no cost. I understand you point though, as the acquisition cost isn't really relevant once you own it. I was talking about scrap prices with a friend, and she said that she had some lead and copper I could have. I picked up a small pile of lead, but the copper is buried in her garage. The opportunity cost is not so much the cash, as I want to diversify my disposable assets, but the loss of storage space, and that is why I want to get rid of the less "efficient" metals such as aluminium and light iron.