Grapbagpresort
David writes in –

How-to sort a 1 pound grab-bag of small electronic components. I sort through one of the $1 grab-bags I purchased at the Austin Summer fest 2007 HAM meet up. The reason these grab-bags are cheap is that you have to do a lot of work to make the collection of parts useful. I explain my method and give the tally for the parts.

Grab bag sorting how-to – Link.