Comment by vkou
2 hours ago
They don't need to know if something was stolen. All they need to do is require an ID, not pay in cash, and pay 30 days after receiving the merchandise.
2 hours ago
They don't need to know if something was stolen. All they need to do is require an ID, not pay in cash, and pay 30 days after receiving the merchandise.
At which point people with legitimate copper to sell start going somewhere else because the repeat players resent having 30 days worth of interest stolen from them every month and the one-time sellers don't trust an IOU from a company they've never done business with before.
Meanwhile you just create a new line of business for fences who are willing to pay cash today in exchange for a margin and then take the IOU from the legitimate scrapper and turn a profit in 30 days. Or the drug dealers take the copper as payment and then don't care about the 30 days if it means they can sell more drugs.
You can't make a commodity not worth money. At some point you have to actually catch the thieves.
> At which point people with legitimate copper to sell start going somewhere else
Make it required by law, and they won't be able to go somewhere else. Legitimate businesses with scrap to sell aren't going to risk committing a felony to get paid 30 days sooner (Not to mention that many businesses are used to getting paid on a delay, and selling scrap for pennies is a tiny portion of their revenue flow).
Catalytic converter thefts have been decimated by similar policies.
In CA we had a clothes dryer motor replaced. As a result we were left with the old part.
I took it to a nearby recycling center, and they wanted my drivers license to pay me the $0.58 it was worth. I declined and just let them reap their windfall. I imagine I would have got the 58c in cash, that’s how it works with plastic bottles.