While towns have different ferrous metal recycling policies, you should be able to sell the wrought iron for scrap no matter where you live.
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Check your town's ferrous metal recycling policy with a call to the Department of Public Works. Ask if you can recycle wrought iron. If so, do you need to wait for a household collection day or can you recycle it at any time? Do you need to visit a recycling center or can you leave it at the curb?
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Call local salvage yards, which buy such pieces, and ask for the current price of iron. If your wrought-iron piece is large, ask if the salvage yard will collect it at your house.
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Another option, especially if your wrought-iron piece is attractive, is to locate antique shops, garden centers or other boutiques that might want the piece for re-use or re-sale; your town's telephone directory can provide a good list of such businesses. Let them know what you have and ask if they are interested in purchasing your piece of wrought iron.