Make money recycling your phone

Your phone is your life, your everything and you wouldn’t part with it. Not for all the tea in China. That is, until the next model comes out. This model is 0.25mm larger than your old phone and has 20 more dpi, but you need it, so you get it. You’ve now got two mobiles phones which begs the question of what to do with your old device.

Do you put it in the drawer or cupboard for now until your new device is “bedded in”? Or, do you take advantage of recycling comparison websites such as www.mobile-cash-comparison.co.uk ? Sites such as this enable you to compare phone recyclers such as Mazuma, Envirofone and 24 other buyers. Mobile Cash Comparison is one of the oldest and most respected comparison sites on the internet with prices updated on a daily basis. A recent search on the site for the popular phone for sellers, the Samsung Galaxy S3 showed the top price being £105 (correct as of 21.08.2014) and the lowest being £67. This is nearly a 40% difference!

If you have stashed your phone in a cupboard to be forgotten, dig it out because if you stash your phone away for too long, the price will slowly start to drop and drop, and drop until eventually you won’t get very much for it all. So, don’t let your new phone bed in for too long, you need to strike while the iron is hot. Depending on the starting price of the phone, it could drop in perceived value by as much as £10 per week.

The problem is that mobile recycling companies would rather send working handsets to foreign countries as they’re worth a lot more when they’re a) more current and b) working. A working handset is worth up to 80% more than a broken one. A broken mobile still has value but is only useful for recycling purposes, which we should all do anyway as these electronic devices contain some pretty nasty chemicals.

However, your phone does contain some very precious rare earth metals (including Gold, Silver and Titanium) and these are still worth extracting. A recent BBC article indicated there was 1g of gold in every tonne of gold ore, whereas there was 300g in a tonne of mobile phones!

Some of the nasty metals in your phone (such as Lead, Arsenic and Cadmium) are not just directly poisonous to the environment. Some of the metals in your mobile phone directly fuel war in some 3rd world countries and can lead to modern slavery. Tantalum is predominantly mined in war torn Congo in Africa and mining it has been proven to fuel conflict. However, many phone manufactures (such as Apple) are now starting to source these metals from conflict-free areas.

So there you have it, not just 1 reason to recycle your old phone but two. You get money and you help save the environment. What could be better than that?