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broke mike
New Member
3 Posts |
 Posted - 07/23/2010 : 22:01:38
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im currently building up a collection of catalytic converters to scrap for raw material. my little brother told me him and a friend got together 5 cat's from a muffler shop. your average gm's/ ford with a mercedes one thrown in. they went up to my closest scrap yard. in the state capitol so its no tiny place. the guy there proceeded to tell them that he could pay 15/20 bucks for the gm and ford ones and the mercedes cat was worth 60. obviously they left with their parts. but on the way back they started to think how impossible the prices were. so they turned around and said they wanted to speak to someone else. the other guy looked them over comparing in a book and offered them 400 dollars for all of them giving him $130 for the mercedes cat alone.
i called up the same place today trying to get an idea of which cars types to go after and the guy over the phone told me european cats can be worth up to $80, Gm's ranging from 50 to 15. he said he doesnt weigh them or measure them and goes on what engine type and year of vehicle it was connected to. which sounds silly.
this leaves me kind of boggled on how to handle a situation like this.
im obviously looking at different yards. but this being a large salvage yard im kinda surprised to hear such variances.
please post your opinions.
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natsb88
Administrator
USA
1850 Posts |
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messymessy
Penny Sorter Member
88 Posts |
Posted - 07/24/2010 : 07:14:53
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| Wow, that's a nice link. I'd heard that there was big money in catalytic convertors, but no one has EVER offered me anything more than chump change. |
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rambo_k9
Penny Pincher Member
USA
106 Posts |
Posted - 07/24/2010 : 10:06:01
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| I was under the impression/told that there is a small amount of a very valuable metal in the mufflers that the scrap yards make big bucks on. A friend of mine does very well on mufflers and I hope to soon as well. |
Looking for a great summer read?? Stop by www.glennrambo.com You think the US/Mexican border is bad now?? |
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TXBullion
Penny Collector Member
374 Posts |
Posted - 07/24/2010 : 11:03:10
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| Im not a scrapper but I think I remember reading they have Rhodium in them. The price of Rhodium is currently higher than Gold |
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broke mike
New Member
3 Posts |
Posted - 07/24/2010 : 12:21:54
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the guys get paid to offer you chump change hoping you'll say yes. thats the game the play with everyone. its ridiculous and unprofessional.
each catalytic converter contains approximately 3 to 7 grams of platinum, rhodium and palladium. which makes them worth money. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 07/24/2010 : 13:24:48
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| Can you just call up a muffler shop and ask to buy them or do you have a connection there? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/27/2010 : 00:50:30
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I wonder what the market is if you get together a whole trailer load of converters(2-10 thousand pounds).
Are there refiners that you could deal with? Ohio Precious Metals?
I will never have that many catalytic converters, I only have two right now.... and I'm not going to yank them off of perfectly good vehicles! :P |
"May your percentages ever increase!" |
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wayne1956
Penny Pincher Member
177 Posts |
Posted - 07/27/2010 : 06:49:48
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quote:
Originally posted by wolvesdad
I wonder what the market is if you get together a whole trailer load of converters(2-10 thousand pounds).
Are there refiners that you could deal with? Ohio Precious Metals?
I will never have that many catalytic converters, I only have two right now.... and I'm not going to yank them off of perfectly good vehicles! :P
I do not know whether there are still places to take it or not, but a person use to be able to break up the honeycomb (this has the PM's) inside of a converter, remove it and send that broken up honeycomb to the refiners. |
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shady catalytic converter buyers.
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