Items to Look For
Observe
It won't take long for you to learn what to keep an eye out for! One of the best ways to learn is to go to auctions and WATCH. Learn what others are NOT bidding on! Instead of getting right up front, stand back a bit, and OBSERVE. Remember, you're not there to find "deals" to buy and sell for profit (that's a whole 'nother idea!). You will encounter a lot of "scrap iron" buyers at sales. These are the guys who are buying scrap for the purpose of selling it, not using it. Most of the "piles" of scrap go to these people. You may be able to latch onto a few, but generally they will bid them up to scrap iron price, or near to it. Look for the things that are not in nice, neat piles - the ones that may take a little time to separate and haul out. Larger piles of miscellaneous scrap tend to go for less. A scrap buyer wants "neat" piles he can load out in a few minutes. 
Cleaning Up 
After most sales, there are unwanted items that will be left behind. If you see someone dicarding something that you may need, ask the buyer if he'd mind if you take it. You may even offer him $1 for it. You just never know! I have also had good luck with "No Bid" items. Keep a mental or written note , and after the sale, offer the auctioneer $1 or even 50 cents for an item that was passed by. I have even stopped by the sale a couple of days afterwards and asked about "junk" items that were left behind. Sometimes the sellers will let you haul it away for nothing or dirt cheap.  Remember that a sale for most families means a death in the family, illness, divorce, or just plain "giving it up". Be keenly aware of their feelings and thank them for their time, even if they tell you no. You could even ask them at the sale if they mind if you stopped by.
Be On The Lookout!
Here is a list of some of the things to be looking for, wether you are at an auction, or just driving around the countryside:
hinges          nuts, bolts, washers          any kind of brackets          chain or chain parts          lumber
anything made from angle iron          anything made from flat iron          sheet metal          barn tin
telephone poles (8' or longer)          wire          barb wire          fence materials          T posts
old implements (even if they are to large)          rake, baler, or combine teeth          gates         
pipe (especially 2")          rail road spikes          rail road ties          eye bolts          turn buckles
PVC or ABS pipe          disc blades          cultivator shanks          square tubing          large bolts
grain bins, or parts for them          small sheds to be torn down and/or moved          clevis pins
draw pins          lynch pins          hydraulic cylinders          steel rod          gearboxes          pulleys    
sprockets          steel shafts          nails          concrete blocks          screws          pallets
useable light fixtures          old fuse boxes          cattle/hog panels          woven wire          flat belting
old-fashioned metal bed spring          large satellite dishes          electric fence posts
 
 
 
 
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