Category Archives: Precious Metals

What is the Current Value of Precious Metal?

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Precious metal is referred to as “precious” for a reason. They are naturally occurring rare elements with highly desirable chemical qualities, and more. Many people think of jewelry when they hear the term, “precious metal”, but the truth is, you can find precious metal in several commodities we use today.

Things like electronic circuit boards, cell phones, DVD players, cameras, laboratory equipment, dental fillings, silverware, electronics, and much more! Precious metal in any form, retains the same economic value, depending on the metal, which is why many people choose to sell or trade precious metals for profit.

Continue reading to learn what today’s current economic value is for some of the most popular precious metals in society today, and who to call if you have precious metals you would like to sell for cash on the spot. Keep in mind that these values change slightly per minute but are accurate conjectures for the month and year.

Sell Precious Metal in Indianapolis Indiana 317-244-0700
Sell Precious Metal in Indianapolis Indiana 317-244-0700

2022 Precious Metal Market Prices

GOLD

USA DOLLAR – $1,707.45 per Ounce

EURO – $1,711.29 per Ounce

SILVER

USA DOLLAR – $19.77 per Ounce

EURO – $19.81 per Ounce

PLATINUM

USA DOLLAR – $916.05 per Ounce

EURO – $918.11 per Ounce

PALLADIUM      

USA DOLLAR – $2,215.30

EURO – $2,220.28

How to Sell Precious Scrap Metal in Indianapolis

If you have commodities or items made from any of the above metals, or other forms of precious alloys, don’t trust a pawn shop. They don’t have the capital to pay you the fair value for your precious metals. Instead, contact your local Indianapolis metal recycling center to sell and profit from them for some extra income. Some companies offer checks, but others offer clients cash on the spot!

Are you ready to make some fast cash for your precious scrap metal? Contact us at 317-244-0700 for professional and hassle-free scrap metal recycling services in Indianapolis, Indiana. We pay cash on the spot for all scrap metal and junk!

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Precious Metal Recycling FAQS

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It is theorized that more than one hundred million years ago during the formation of the Earth, iron sank deep within the center of the planet to create Earth’s core. This core, primarily made from iron, took most of Earth’s precious metals with it, like gold, silver, platinum, zirconium, palladium, and more. There is predicted to be enough precious metal in the planet’s core to cover the entire surface of Earth in a 13-foot deep layer. That’s a lot of metal! Unfortunately, there are a limited amount of precious and valuable metals found on Earth, today, making it critical to recycle them every chance we get.

Continue reading to review some frequently asked questions about recycling precious metals, and perhaps be motivated to jump on board with this important environmental initiative!

Recycle Scrap Metal Indianapolis Indiana 317-244-0700
Recycle Scrap Metal Indianapolis Indiana 317-244-0700

Frequently Asked Questions About Precious Metals

What are Precious Metals?

Precious metals are rare, naturally occurring, and retain high economic value. They are mostly used for currency, jewelry, and industrial applications. Common types include gold, silver, platinum, palladium, titanium, chromium, zirconium, tungsten, cobalt, rhodium, indium, rhenium, osmium, iridium, and ruthenium.

Can All Precious Metals Be Recycled?

Yes, all metal can be recycled, including noble, precious, ferrous, and non-ferrous alloys. Not only can you recycle precious metal to be repurposed, but you can also make money from the entire process. Many scrap metal buyers pay cash on the spot for any metals and alloys. They even accept junk that contains metal, regardless of age or condition.

What are the Current Metal Prices for Common Precious Metals?

Right now, the London Fix values report that Gold is around $1,776.40, Silver is around $20.15, Platinum is around $937.00, and Palladium is around $2086.00. These values change virtually every day, as they are easily influenced by numerous worldwide factors.

What Can I Find Titanium to Recycle?

Titanium metal can be found in all sorts of places, even just around your house. Items like dental implants, jewelry, eye wear, watches, and electronic protective cases are common items made with titanium. Other common items include drill bits, wrenches, bolts, and other tools. It is also a common element in motorcycle parts, like brake components, exhausts, clutch levers, and even handlebars.

Is a Precious Metal Also a Noble Metal?

Noble metals include both precious and non-ferrous metals. Non-ferrous metals do not contain iron, so they are resistant to several elements and subsequent damage, including humidity, chemicals, oxidation, and more. Precious metals are naturally occurring and retain higher economic value. Noble metals are metals that are resistant to corrosion and oxidation in moist conditions, namely humidity.

How Do I Sell Precious Metal?

Although it is simple to find someone to pay you for your precious metals and fine jewelry, it is responsible to find a center that conscientiously recycles, refines, and redistributes them. Simply look to your local directories for a trusted and reputable Indianapolis metal recycling center in your city. It is important to find the company that can offer you the best and fairest return for your gold, silver, platinum, or other scrap metal you wish to recycle.

If you have precious metal items or general metal scrap, sell it to us for cash on the spot! Contact Zore’s Recycling at 317-244-0700 for profitable scrap metal recycling services in Indianapolis, Indiana. Get paid instantly for appliances, computers, laptops, electronics, auto parts, pure jewelry/art, and anything else that contains precious metals!

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How to Cut Copper Pipes With a Pipe Cutter

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Copper is a terrific material. It is a soft, malleable, and ductile metal that is an excellent conductor of heat and electricity. It’s no wonder copper is used in so many building and construction applications! So, if you are preparing for a plumbing-related project, copper piping should be at the top of your supply list. But if you are going to work with copper pipes, it is helpful to know how to adjust their lengths in order to properly match various fittings. Fortunately, it couldn’t be easier!

Continue reading to learn how to effectively, and efficiently, cut through copper piping, and where to go to safely dispose your scrap copper.

Indianapolis Copper Metal Recycling
Indianapolis Copper Metal Recycling 317-244-0700

Tool and Supplies You Will Need:

✏ Pipe Cutter
✏ Round File
✏ Microfiber Cloth
✏ Paper Towels
✏ Ketchup (Yes, the condiment)

Getting Started:

You can find all the tools and supplies you need to cut copper at any local home improvement or hardware store. Rather than using a pipe cutter, you may also choose to use a pipe slice or hacks. In this simple guide, we will be focusing on using a pipe For instance, hacks has are not recommended for plumbing pipe projects, and pipe slice devices only allow you to cut one particular size. So if you have various sizes to cut, you must purchase separate devices for each pipe diameter.

A pipe cutter allows for a hassle-free, exact, and easy pipefitting experience. Then again, that’s what you should expect from a tool named precisely after the function it is intended to do. However, it is primarily recommended for pipes with larger diameters. For smaller diameters or thinner pipe walls, you will want to use a pipe slice.

To Use a Pipe Cutter:

Step 1 – Position the pipe inside your pipe cutters. Then tighten the blade just right, being careful to not over-tighten. Over-tightening risks bending the pipe.

Step 2 – Using your hands, twisted pipe around 3 to 4 revolutions, and then remove it from the pipe cutters.

Step 3 – After removing the pipe, you should see a groove made by your revolutions. Slide the pipe back into the pipe cutters so that the groove aligns with the blade. Then secure it once again, but not too tight.

Step 4 – Begin twisting the pipe around several revolutions until it breaks free from the cutters.

Step 5 – Your pipe cutters should have a built-in burner removal tool. Use it to shave off any burrs or raised lips on the inside of your piping. If your pipe cutters do not have this tool, just use a round file instead.

Where to Recycle Scrap Copper in Central Indiana

Call Zore’s Recycling at 317-244-0700 to get started with profitable metal recycling services in Indianapolis, Indiana. Not only has Zore’s Inc. been a family owned and operated company for over 75 years, we pay cash on the spot for your metal commodities. We accept cans, sheet metal, appliances, vehicles, auto parts, equipment, and more! Request a free estimate, today.

Educational Facts About Titanium Alloys

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Titanium is a widely-applied metal because it delivers a wide range of useful properties. It can be applied in pure form, which comes in various grades and finishes, or it can be used to create an alloy. An alloy is any metal that is created by combining two or more metallic elements, especially for the purpose of increasing strength or corrosion resistance.

Continue reading to learn some interesting facts about titanium and its alloys, including where to get paid cash on the spot for your scrap precious metals.

Indiana Precious Metal Buyers
Indiana Precious Metal Buyers 317-244-0700

The Common Properties of Titanium

A precious metal is any pure metal that is rare and occurs naturally in the environment. They are made up of natural chemical elements that retain high economic value.  From a chemical standpoint, precious metals do not react as much as other elements do.  In fact, they are usually ductile.  Precious metals are high in luster and shine; which made them popular forms of currency in historical times. In today’s society, precious metals are viewed more as an investment or industrial commodity. The most universally known precious metals are the chief coinage metals, gold and silver; however, titanium is also a precious metal.

Due to a higher iron and oxygen content, pure titanium is high in tensile strength, which is valuable in itself, but titanium also retains several other important properties. Not only is it half the density of nickel alloys, it is highly corrosion-resistant, creep resistant, non-magnetic, and much more. As for titanium alloys, they are often higher in tensile strength, lighter in weight, more resistant to corrosion, and show incredible toughness against extreme temperatures. These properties make both pure titanium and it’s alloys an asset in the industries mentioned before, and many others like them.

Additional key properties of titanium and titanium alloys include, but are not limited to the following:

✅ High Melting Point
✅ Non-Magnetic/Non-Ferrous
✅ Low Density
✅ Light-Weight
✅ Resistant to Erosion
✅ Notable Cryogenic Properties
✅ High Fracture Resilience
✅ High Fatigue Strength
✅ Low Thermal Expansion
✅ High Shock Resistance
✅ Low Modulus of Elasticity
✅ Non-Toxic
✅ Non-Allergenic
✅ Short Radioactive Half-Life
✅ Fire-Resistant

How to Sell Precious Metal in Indiana

Call Zore’s Recycling division at 317-244-0700 to sell precious metal in Indianapolis, Indiana for cash. We have been a family owned and operated metal recycling company for over 75 years, and continue to make customer satisfaction our number one goal in our metal recycling division. And to make recycling easier for you, we offer several customer conveniences at no extra charge! Request a free estimate, today.

Types of Metal Categories and Common Examples of Each

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If you are reading this blog, you are involved in the scrap metal or metal sales industry in some way or another. Or perhaps you are simply a person who is interested in learning more about metal recycling, and therefore, require a basic knowledge on the various types of metal. Either way, a good place to start is to learn about ferrous, non-ferrous, base, noble, and precious metal. Continue below to get started!

Indianapolis Scrap Metal Buyers
Indianapolis Scrap Metal Buyers 317-244-0700

Ferrous and Non-Ferrous Metals

Ferrous metals are those that contain iron. Non-ferrous metals are those that do not contain iron. In order to tell the difference between a ferrous and non-ferrous metal, all you need is a strong magnet. If the magnet attracts to the object, it is ferrous, and contains iron. Iron retains natural magnet properties, making it easy to decipher among iron and non-iron items. The most common types of ferrous metals are carbon steel, stainless steel, cast iron, wrought iron, and mild steel. The most common types of non-ferrous metals are copper, nickel, brass, aluminum, tin, lead, zinc, and precious metals like gold and silver.

Precious Metals

Precious metals are those that are naturally-occurring and very rare, giving them high economic value. Precious metals can be either ferrous or non-ferrous, depending on its various alloys. Common precious metals include platinum, gold, and silver, while rarer examples include tungsten, zirconium, cobalt, rhodium, palladium, ruthenium, osmium, beryllium, cadmium, bismuth, selenium, mercury, and germanium. Most often, precious metals are used to make jewelry and art, but also for medical instruments, computers, and electronics.

Noble Metals

Noble metals include both precious and non-ferrous metals. Noble metals are metals that are resistant to corrosion and oxidation in moist conditions, namely humidity. Copper is the only non-precious metal that is also a noble metal by the actual physics definition. But this is arguable since copper is vulnerable to both corrosion and oxidation. Other examples of noble metals include copper, gold, silver, iridium, platinum, rhodium, rhenium, palladium, ruthenium, osmium, mercury.

Base Metals

Scientifically, there is not just one authoritative definition for a base metal. In fact, there are three, each one exercised independently from one another depending on the s[specific application of the metal. The most accepted definition of a base metal is one that is neither noble nor precious. Noble metals and precious metals are quite similar, and also have multiple definitions and applications. To better understand the meaning of a base metal, you will need to review the basic meanings of noble and precious metals first.

Where to Recycle Scrap Metal in Indianapolis

Call Zore’s Recycling at 317-244-0700 to get paid cash on the spot for scrap metal recycling in Indianapolis, Indiana. We pay top-dollar for power tools, sheet metal, appliances, cars, trucks, motorcycles, golf carts, farm equipment, construction equipment, and more. And we guarantee to pay you cash on the spot! Call 317-244-0700 to make fast cash, today!

Should I Invest in Gold?

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Whether or not you should invest in gold depends on a wide range of factors, most of which are personalized to your own life and preferences. The most well-known precious metals are gold, silver, and platinum; but there are several others as well, including palladium, zirconium, tungsten, cobalt, chromium, beryllium, bismuth, germanium, iridium, rhodium, and much more.

As for modern investing, gold, silver, platinum, and palladium are the most common precious metals used. But are these a good long-term investment? Continue reading and decide for yourself!

Precious Metal Buyers 317-244-0700
Precious Metal Buyers 317-244-0700

Defining a Precious Metal

A precious metal is a naturally-occurring metallic chemical element. In modern society, a precious metal has high economic value, but that hasn’t changed much over time. Historically, precious metals were used as currency, so it is no surprise they are still used for investment purposes today. See our blog, “What are Precious Metals and Why are they More Valuable?” to learn more about precious metal.

The Influence of Economic Demand

The demand for precious metal will rise and fall over and over again, overtime. But these ebbs and flows in metal values are not something to worry too much about since precious metal will always remain a sold and forgiving investment, and can diverse your financial portfolio in a highly-complimentary way.

Investing in precious metal can also offer protection against the risk of inflation and dollar depreciation. If you look at the history of precious metal values, you will notice that they have ultimately risen at or ahead of the rate of inflation. This will teach you that the value of precious metal rises slowly but steadily overtime.

Although purchased in cash, precious metals are not like stocks and other paper assets that can be subjected to certain obligations and requirements. Instead, they are private, tangible, liquid assets that are endowed with finite inherent value.  And since you are in possession of the metals, you are not legally required to account for them in your portfolio for the government, banks, and financial institutions.

How to Sell Precious Metal in Indiana

Call Zore’s Recycling division at 317-244-0700 to sell precious metal in Indianapolis, Indiana for cash. We have been a family owned and operated metal recycling company for over 75 years, and continue to make customer satisfaction our number one goal in our metal recycling division. And to make recycling easier for you, we offer several customer conveniences at no extra charge! Request a free estimate, today.

Which Metal is the Best for Recycling?

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If you are interesting in getting your family involved in a greener initiative, recycling is the way to go. Although all recycling is beneficial to our planet and all living creatures on it, metal is a wonder way to start your recycling learning curve. Not only is metal easy to locate and easy to recycle, it can render an easy profit if you take your contents to the right recycling center.

Continue reading to learn more about metal recycling, including how to make instant cash from your scrap metal.

Indianapolis Metal Recycling Center
Indianapolis Metal Recycling Center 317-244-0700

Looking for Scrap Metal

Now that you know metal recycling is a recommended starting off point for greener living, you might be wondering which metals you should be focused on recycling. The truth is, there is no metal better than another when it comes to recycling. All metal and alloys are 100% recyclable. Best of all, metal can be recycled over and over again, without losing or marring any important properties. This means that all of your scrap metal lying around can be and should be recycled at your earliest convenience. On the other hand, if you are also highly motivated by the potential profitability of metal recycling, you might be interested in turning over metals that are higher in value and weight.

More Profitable Metal

The amount of money you get paid for your scrap metal at a recycling center depends on the type of metal and the quantity you have to sell. Since metal is evaluated by weight, the more you have the more money it is worth. Now, if you have metal that is innately higher in market value, you will make more than you would from a common metal, such as aluminum. To make the most money, you would ideally have high-value metal in a large quantity.

Metal Values

Metals that are rare and naturally-occurring are worth more. These are called precious metals, and include gold, silver, platinum, zirconium, palladium, and more. See our blog, “Is it a Good Investment to Recycle Precious Metals?” to learn more about precious metal scrapping near you. In addition to the economic value of metal, the demand for metals also influence the market value. Items that you might have laying around that contain precious metal include catalytic converters, computers, fine jewelry, collectable coins, plaques, and trophies.

Recycle All Metals

Although there are metals that will render you more cash in hand, all metals should be recycled. Not only does this help us preserve our natural resources, it reduces the need to mine for new ores, and decreases factory emissions. Common metals to recycle include brass, tin, aluminum, steel, iron, nickel, and copper. Consider scrapping old instruments, laptops, tablets, food cans, sheet metal, auto parts, farming equipment, construction equipment, power tools, safes, and anything else made of metal!

How to Get Started on Indianapolis Metal Recycling

Call Zore’s Recycling division at 317-244-0700 to recycle metal in Indianapolis, Indiana for cash. We have been a family owned and operated company for over 75 years, and continue to make customer satisfaction our number one goal in our metal recycling division. And to make recycling easier for you, we offer several customer conveniences at no extra charge! Request a free estimate, today.

What are Red, Yellow and Green Metals?

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On our planet, and within the core, lies hundreds of thousands of natural ores and minerals that we mine to make metal. Of the vast varieties of metals found within the Earth, all can be categorized as either ferrous or nonferrous. Ferrous metals and alloys contain iron, while nonferrous contain no iron.

Aside from these umbrella categories, metals can be further broken down into more intimate classifications and descriptions, such as precious and noble metals. But have you ever heard of metals being described using color? Well, it is possible that you have come across red metals, yellow metals, and even green metals!

Continue reading to learn facts about each type of metal, including examples and common applications.

Indianapolis Metal Recycling
Indianapolis Metal Recycling 317-244-0700

Red Metals

Red metal is an informal term used to denote common alloys we know as copper, bronze, and brass. You can probably see quite well that all three of these alloys have a red-like tone, thus earning them the aforementioned moniker. Red metals have several beneficial attributes, such as corrosion resistance, high conductivity, high tensile strength, ductility, and aesthetics. For this reason, they are commonly used to make musical instruments, plumbing parts, wires, marine hardware, sculptures, and more.

Yellow Metals

Also known as Muntz metal, yellow metal is named after an English businessman, George F. Muntz, who received a patent in 1832. Although they may share some of the same types of metal, red and yellow metals are much different. Yellow metals is another informal moniker used to describe a type of brass alloy that contains an average composition of 60% copper and 40% zinc. It’s most common applications is for manufacturing corrosion-resistant machinery parts.

Green Metals

There are actually not metals known as “green” metals, however, you may have heard of electrum, which is often called “green gold.” Wikipedia.com describes electrum as “a naturally occurring alloy of gold and silver, with trace amounts of copper and other metals.” An alloy is a metal that is made up of two or more metals, such as brass, which contains copper and zinc. It’s most common applications throughout history, and even now, are for jewelry, plated plaques and awards, coinage, and investments.

Indianapolis Metal Recycling

Call Zore’s Recycling at 317-244-0700 to get paid cash on the spot for scrap metal, or any items that contain any type of metal, in Indianapolis, Indiana. We pay top-dollar for power tools, sheet metal, appliances, cars, trucks, motorcycles, golf carts, farm equipment, construction equipment, and more. And we guarantee to pay you cash on the spot! Call 317-244-0700 to make fast cash, today!

Can I Recycle Precious Metal?

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Precious metals are rare, naturally-occurring, and retain high economic value. They are mostly used for currency, jewelry, and industrial applications. Common types include gold, silver, platinum, palladium, titanium, chromium, zirconium, tungsten, cobalt, rhodium, indium, rhenium, osmium, iridium, and ruthenium.

Continue reading to review some frequently asked questions about recycling precious metals, and perhaps be motivated to jump on board with this important environmental initiative!

Precious Metal Recycling 317-244-0700
Precious Metal Recycling 317-244-0700

Can All Precious Metals Be Recycled?

Yes; all metal can be recycled, including noble, precious, ferrous, and non-ferrous alloys. Not only can you recycle these metals to be repurposed, you can also make money from the entire process. Many scrap metal buyers pay cash on the spot for any metals and alloys. They even accept junk that contains metal, regardless of age or condition.

What is the Current Value of Precious Metal?

Right now, the London Fix values report that Gold is around $1,328.30, Silver is around $16.66, Platinum is around $927.00, Palladium is around $962.00, and Rhodium is around $1,900. These values change virtually every day, as they are easily influenced by numerous worldwide factors.

What Can I Find Titanium to Recycle?

Titanium metal can be found in all sorts of places, even just around your house. Items like dental implants, jewelry, eye wear, watches, and electronic protective cases are common items made with titanium. Other common items include drill bits, wrenches, bolts, and other tools. It is also a common element in motorcycle parts, like brake components, exhausts, clutch levers, and even handlebars.

Is a Precious Metal a Noble Metal?

Noble metals include both precious and non-ferrous metals. Non-ferrous metals do not contain iron, so they are resistant to several elements and subsequent damage, including humidity, chemicals, oxidation, and more. Precious metals are naturally-occurring and retain higher economic value. Noble metals are metals that are resistant to corrosion and oxidation in moist conditions, namely humidity.

Where Can I Recycle Precious Metal?

It is simple to find a company or service that buys, recycles, refines, and sells precious metals. Simply look to your local directories for a trusted and reputable Indianapolis metal recycling center in your city. It is important to find the company that can offer you the best and fairest return for your gold, silver, platinum, or other scrap metal you wish to recycle.

Trust None Other Than Zore’s Recycling!

Call Zore’s Recycling at 317-244-0700 to recycle scrap metal in Indianapolis, Indiana. We pay top dollar for all metals, regardless of age or condition. We buy vehicles, equipment, sheet metal, electrical wiring, computers, auto parts, power tools, appliances, and much more. And we guarantee to pay you cash on the spot! Call 317-244-0700 to make fast cash, today!

Countries That Have the Most Natural Metal Deposits

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Metal recycling is an important initiative because our planet has a fixed, and therefore, limited supply of natural metal ores and elemental deposits. Once these natural stores are gone, we will only be left with the metal materials we have manufactured and mined throughout all our human reign. Fortunately, metal is 100% recyclable and reusable, so as long as we continue to contribute to this vital environmental endeavor, we are staying ahead of the risk of using up all of Earth’s natural metal resources.

Continue reading to learn where our planet houses the most natural metal deposits, and where you can get paid cash for your scrap metal in Central Indiana.

Indianapolis Metal Recycling Center 317-244-0700
Russian Mining Complex

Australia

Australia is not at the top of the list for alphabetical reasons. Australia retains the largest natural deposits of iron-ore in the world. They have an astonishing 17% of the accessible reserves of iron ore on the planet.

Brazil

The country of Brazil is known as the world’s 2nd largest iron-ore reserves. In fact, they make up 12% of the world’s total production of iron-ore.

Russia

Primarily coming from Central Russia, Siberia, and the Urals, Russia accounts for the 3rd largest metal reserves in the world.

China

Not only does China have the most reserves of rare earth minerals, estimated around 44 million Metric Tons (MT), they also have the 4th largest iron ore reserves in the world.

India

India comes in at the 5th largest reserves of iron ore in the world. In fact, in 2015 alone, they produced over 156,000,000 metric tons (MT).

Ukraine

The Ukraine has the 7th largest natural deposits of iron-ore in the world. They have an astounding 18% of the available reserves of iron ore on the planet.

United States

We come in 8th on the list of countries with the highest amount of natural metal reserves; and that’s not too bad! States like Utah, Minnesota, and Michigan produce the most, with an estimated 46,000,000 metric tons in 2015.

Canada

As for Canada, they are pretty much equivalent to the United States in iron-ore production.

How to Get Paid for Recycling Metal in Indiana

Call Zore’s Recycling division at 317-244-0700 to recycle metal in Indianapolis, Indiana for cash. We have been a family owned and operated company for over 75 years, and continue to make customer satisfaction our number one goal in our metal recycling division. And to make recycling easier for you, we offer several customer conveniences at no extra charge! Request a free estimate, today.