ChatterBank1 min ago
Scrap Metal Law
I did try and understand the new legislation on this, but failed miserably.
My son is fascinated with old tools, and often gets a really low bid in on a job lot, just to get something choice.
Thing is, he is left with lots of 'junk'. I suggested selling the metal for scrap, he wasn't sure if it's allowed these days.
Does anyone have any good information please?
My son is fascinated with old tools, and often gets a really low bid in on a job lot, just to get something choice.
Thing is, he is left with lots of 'junk'. I suggested selling the metal for scrap, he wasn't sure if it's allowed these days.
Does anyone have any good information please?
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Section 146 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 made changes to the Scrap Metal Dealers Act 1964 so that scrap metal dealers are now prohibited from paying cash for scrap metal. (They can only pay by cheque or electronic transfer). However the buying and selling of scrap metal remains perfectly legal. (If it wasn't, a vital recycling industry would come to a standstill!)
Section 146 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 made changes to the Scrap Metal Dealers Act 1964 so that scrap metal dealers are now prohibited from paying cash for scrap metal. (They can only pay by cheque or electronic transfer). However the buying and selling of scrap metal remains perfectly legal. (If it wasn't, a vital recycling industry would come to a standstill!)
The price for Iron and steel scrap is only around £200 a tonne , 20p a kilo, so old tools will probably not even raise the price of petrol to drive them to the scrap yard. Copper,Lead , Aluminium are the high price items. Copper is over £2.50 a kilo !.
Old tools sell on ebay for good prices have a look you will be surprised what stuff goes for.
Old tools sell on ebay for good prices have a look you will be surprised what stuff goes for.