scrap metal..

went and sold 64# of old key blanks today.. got tired of all those hooks of never used blanks, so culled a LOT.. (I do NOT need 12# of Honda motorcycle keys from the 60's and

70's..among other things)

suggestion..

GUARD YOUR SCRAP BRASS.. the price I got was UNREAL.. $1.45 pound for yellow brass... copper was going for $2.45 a pound right now even aluminum cans were 75 cents per #

--Shiva--

Reply to
me
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You tossed blanks?

If you were to buy them you would pay a whole lot more than you got for scrap. If you wanted to off them you probably could have sold them for a nickle a piece and found lots of willing buyers.

Reply to
Roger Shoaf

Yeah!! Quite a few old hondas around here.

I'm weeping-LOL

goma.

Reply to
goma865

yep... about 7-8 pounds ALONE of old Honda blanks, motorcycles only..How many old Honda bikes you seen in the last 20 years? I havent had a SINGLE call for one..luckily, I only had about 30 cents a pound invested in most of them, too.. other things that had absolutely no brand name or numbers.. How many Hollywood locks you seen? or Keil? I kept a few of some of them, but I didnt need 3 literal feet long stack of some of them.. I hate to think, how many OLD Yale keys I got, those I kept.. some of those have no numbers, either, other than 'Yale' on them.. some I have to wonder HOW did you hold these things to cut?

plus the old brass mortice cylinders that were wore out, and all the bad pins and worn keys that i normally collect in the day to day..that made up over 40# of the 60+

--Shiva--

Reply to
me

I have fit keys to about 5 of them in the past 5 years.

Here is what you do. Go ahead and strip them off your keyboard, but somewhere, like in the back or on a chunk of wall you need a ladder to reach you hang them.

If you sold 20lbs of keyblanks to the scrap guy and got $1.45lb. you got $29.

If you had one service call to fit a key to an old Honda, you win. You could probably get at least $5 a pop to make a duplicate. Every once in a while you may even get some oddball new lock that one of these old keys might fit.

I have used some of my old itialian car keys for gas caps when the right blank was not available.

Now this is junk.

Reply to
Roger Shoaf

well.. your logic is right..but my locale is not right.. I havent seen a 'small' motorcycle on the road here since probably close to the end of the 70's.. Gold Wings, Aspenades, and always the Harley..yes. but Harley takes an Ace key now.. and some of the other rare bands of bikes got transponders, PLUS no local dealers, so they will not be here.. heck, if you got a Jag, you got to drive 350 miles round trip to get it worked on, (cost a guy here in my town slightly over a grand to have new keys made for his) and one lady that 'mistakenly' bought a land Rover, found out just how far THAT dealer is.. 250 miles one way or more? gets expensive having a vehicle hauled on a roll back, that far..she screamed bloody murder..

BTW, ANYONE ever seen used a KW2??? WHEN was that lock made, or better, where???

Did find a few real oddities.. Emhart? got a few of those blanks..another, probably 'east coast item'...

--Shiva--

Reply to
me

Reply to
wayne c

The tax rate for "scrap brass" can't be all that high...

Inventories are a wonderful thing, its all about how you choose to classify what you have in stock...

Is it a keyblank, or scrap brass waiting to be recycled ???

Evan, ~~ formerly a maintenance man, now a college student...

Reply to
Evan

I guess the lawyer fees wouldn't count when you are trying to fight the state, to them a keyblank would be a keyblank, unless you take the trouble to make them mis-cuts. Just my thoughts. Wayne

Reply to
wayne c

Your previous message said that the State of Ohio requires that YOU complete the inventory... So, if counting some keyblanks as full saleable stock costs you more in taxes, don't copunt them as such, count them as scrap metal or miscuts waiting to be sold off as scrap in the inventory... It all has to do with how you classify the items as you inventory them, as im sure that you don't inventory your pin kits down to the last pin, nor your spare parts bins and drawers down to the exact value of each item form old locks and such you keep for parts to service another one in the future... Just figure a way to legally classify your seldom used keyblank stock in a way that your business will not be paying taxes on it as if they were truly a high demand high sales item...

There are legitimate ways to work within an inventory system such as that so you can keep stock on your premesis without having to pay taxes on it... I know an auto mechanic that has to do a similar thing so he doesn't have to pay taxes on various auto parts and supplies he needs to keep on hand to service cars, he had a friend of his start a "business" to supply him with those materials that he keeps on hand, yet his auto repair shop doesn't own the parts until it purchases them at the time of use from the other company... In my state companies who puirchase items for no other purpose than reselling them do not have to pay sales tax on the items being resold...

I don't know how that would work in Ohio, but if your lockshop doesn't own the parts, but stores them for a vendor on your location... It is something you might want to consider...

Please don't post back saying that you have a 100% accuarate list of everything you have in your shop, because no one ever does, like described above everyone has "spare parts" bins and such around and I seriously doubt that even the most honest and sincere locksmith would itemize and document the value of all such things to pay taxes on them...

Evan, ~~ formerly a maintenenace man, now a college student...

Reply to
Evan

I guess I just was a little more honest than you. Wayne

Reply to
wayne c

Ebay, brother!

Reply to
Stormin Mormon
<pats Goma on the back>

Please forgive him, he knew not what he did.

Reply to
Stormin Mormon

Been in business since 1986. I have never cut a KW-2, though I did see one, once. On a bus barn, behind a school.

I had a bunch of Y-3, the one that looked a bit like an Eagle. Had a whole bunch and scrapped them. A year or two later, a lady wanted four of them.

Had a bunch of Hollymade, HO-1, finally cut a couple for a friend of my Dad's. For his hunting cabin in Canada.

Reply to
Stormin Mormon

No such tax in NY. Yet.

Reply to
Stormin Mormon

It's okay. As a matter of fact, I do have a locking gas cap from a 70's honda on the work table.A friend brought it to me-nothing urgent.Just that the he was worried about the seal going bad on the other one he uses. I have'nt had time to look through everything I have yet but sure i will have the right one. He has three older hondas-2 of them run.

goma.

Reply to
goma865

How many of them you need.. I got a LOT of the lettered ones as well, plus most of the Sargent lettered ones too..use 3 of the Sargents..

made the local Police mad,,, they got an 'uncopyable' Yale..so they was told.. pulled out a box of 50 blanks and said how many you need?? they are NOT a restricted blank-sorry, YOU GOT TOOK.. same source sold the local school a 1 letter different yale-same song too. I keep 100 of those blanks on hand now.. --Shiva--

Reply to
me

LOL...

If you are paying taxes on the actual value of your spare parts that you charge your customers for when you utilize them, you aren't honest... You are just someone the revenue department gets coming and going...

Nothing wrong with that, just make sure you raise your voice more about things and get your monies worth of representation for that honesty... The "Big Businesses" that influence how the new rules are made aren't, and they have more say and pay less into the system than small business owners like yourself...

Do you think a Wal*Mart cares how many keyblanks of a certain type they have at any one store at any one time ? No, they just know that they have X number of keys ready to be sold...

Evan, ~~ formerly a maintenance msn, now a college student...

Reply to
Evan

At the moment, don't need any Y3. However, now and again I do work at a place w hich uses Yale VC section. I can get em local for about 50 cents a blank. Maybe more, probably my memory not working.

Which section did the police have that was supposedly uncopyable? another locksmith near me used to use a Dexter sectional. I found out that an IN-1 works nicely.

Reply to
Stormin Mormon

Since you do some yale, you happen to have the bitting for an Otis elevator bypass key? Keyway is SA.

I had the code for the operator key (keyway GA) awhile back. But never did get the fireman key.

Reply to
Stormin Mormon

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