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derrickvanderwall
Penny Sorter Member
25 Posts |
 Posted - 08/28/2008 : 08:05:16
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Basically, to make a long story short.
My uncle owns a reposession agency and I had access to a bunch of license plates, like 200 or so? I asked if I could have them and he said sure, now my question is, what's the exact contents of the license plates? Roughly how much does one weigh? Is it worth my time? I can't find anything on google about the contents of it or really anything, all that pops up is how much millions some license plates are worth.
I want to melt down and make aluminum bars, if it's worth my time.
Thanks in advance, i'm sort of new to this so please bear with me.
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horgad
1000+ Penny Miser Member
USA
1349 Posts |
Posted - 08/28/2008 : 09:56:26
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I don't know if they are same in every state, but here in Indiana they look like they are made from aluminum sheet to me and I would treat them the same as any aluminum sheet scrap.
Funny thing about repossessing cars. Technically I would assume that the license plate still belongs to the person that purchased it and not to the person that reposessed the car. I would assume that it is that same with any possession left in the car.
I wonder how that all works? Do you give the person to opportunity to reclaim his possessions or do you just ignore the person's rights and keep everything in the car? I would bet if you kept stuff without at least making a token attempt to return it, the person at the very least could sue in small claims court and win... |
Edited by - horgad on 08/28/2008 09:58:55 |
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derrickvanderwall
Penny Sorter Member
25 Posts |
Posted - 08/28/2008 : 10:59:09
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| After repossessing the car, the bank sends a formal letter to the person explaining how much he owes on the vehicle, and pretty much tells them they had more than enough time to pay and it also notes what reposession agency and where it can be located to retrieve personal items. The person has 30 days (with some banks, 60 days) to claim there possessions, after that it becomes the agencies. Those are the legalities you sign when you take out a car loan and don't pay it. |
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horgad
1000+ Penny Miser Member
USA
1349 Posts |
Posted - 08/28/2008 : 12:17:05
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"The person has 30 days (with some banks, 60 days) to claim there possessions, after that it becomes the agencies."
Thanks, I figured that there might be something like that in place and it sounds like you are on top of it. I say melt away for fun, anyways, but not for profit. For profit most people agree that taking stuff straight to a scrap yard is the way to go...
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Edited by - horgad on 08/28/2008 12:20:46 |
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natsb88
Penny Collector Member
USA
483 Posts |
Posted - 08/28/2008 : 12:18:57
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| If any of them are older or unique, you might get a better price selling them on eBay. Some people collect them. |
Nate
www.coppercave.com |
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Copper Catcher
Moderator
USA
594 Posts |
Posted - 08/28/2008 : 17:28:23
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| You might think about selling them to folks that recycle them to make pocketbooks: http://shop.littlearth.com/ |
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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kavajava
Penny Collector Member
USA
487 Posts |
Posted - 08/30/2008 : 11:55:37
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| Yeah--but in some states I think the plates belong to the state still? Not sure, and it may be one of those laws that is never enforced, but I seem to remember reading something once about it...but I may be way off base here... |
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PennehChaos.
Penny Pincher Member
USA
194 Posts |
Posted - 09/02/2008 : 12:44:18
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| Actually, I didn't think they were aluminum at all- I thought they were galvanized steel. I know that I've seen some that have rust on them, but those were all older (1963 SC auto plate, 1962 VA auto, 1993 PA motorcycle). I'd definitely hit one with a magnet before investing any time in research. |
Nothing of value is an investment unless you possess it. If all you've got are paper, pixels, or promises, you're gambling. |
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horgad
1000+ Penny Miser Member
USA
1349 Posts |
Posted - 09/02/2008 : 15:59:37
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quote:
Originally posted by PennehChaos.
Actually, I didn't think they were aluminum at all- I thought they were galvanized steel. I know that I've seen some that have rust on them, but those were all older (1963 SC auto plate, 1962 VA auto, 1993 PA motorcycle). I'd definitely hit one with a magnet before investing any time in research.
There might be some states that have not switched over to aluminum, but for sure many of them have. |
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Flbandit
Penny Collector Member
USA
428 Posts |
Posted - 09/02/2008 : 16:31:42
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| I have one that was used as a roof for a birdhouse! |
Are you throwing that out? |
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simplicitycounts
Penny Pincher Member
USA
200 Posts |
Posted - 09/02/2008 : 16:37:52
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| I just put them with my aluminum scrap when I come across them. Worth 40 cents a pound here. |
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Lemon Thrower
Penny Pincher Member
USA
201 Posts |
Posted - 09/09/2008 : 06:19:55
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| I would think you could get at least $5 each if you sold them one at a time on ebay, even if not old or unique. |
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Topic |
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License Plates - Aluminum
