BIG UPDATE: Your old iPhone could be worth big bucks. Here’s what to look for
(NEXSTAR) – While the latest iPhone models are now available for preorder, it’s the earlier generations that are capturing the most attention — and dollars — from collectors.
With Gen Xers and Millennials reminiscing about the tech of their youth, some are willing to pay top dollar for vintage iDevices. “The rarity, scarcity, and collectability of these items are becoming increasingly appealing to the 40-to-50-year-old demographic,” Bobby Eaton from RR Auctions in New Hampshire told Nexstar.
Record Prices for First-Generation iPhones
The market for first-generation iPhones has been particularly robust. RR Auctions recently sold one such iPhone for over $147,000 in March. Last year, a rare model fetched a record $190,373 at LCG Auctions in Louisiana. Eaton attributes these high values to the iPhone’s revolutionary impact. “In the last three years, sealed iPhones have been increasing in value based on their model and condition.”
What Makes iPhones Valuable?
Collectors are primarily interested in first-generation iPhones, especially the 4 GB and 8 GB models released in 2007. The 4 GB model is particularly valuable due to its short production run before Apple switched to the 8 GB version. The 8 GB model is also sought after, especially if it features the iTunes logo on the box cover.
Factory-sealed first-generation iPhones are the most coveted, with opened models still worth thousands if they are in pristine condition. “If they show signs of use or damage, they’re basically worth nothing to a collector,” Eaton said.
Other Collectible Gadgets
First-generation iPods and iPads also hold significant value, provided they are in excellent, preferably sealed, condition. However, early models from other brands, like Samsung or Android phones, do not command the same prices. “The only comparable item we’ve sold is an early Motorola flip phone in its original packaging, which went for $250,” Eaton noted.
How to Evaluate and Sell Your Old Devices
If you think you might have a valuable early iPhone or other vintage gadget, start by checking the serial and IMEI numbers to ensure it’s truly factory-sealed. Be cautious of shrink-wrapped used items posing as new. Consider submitting photos to auction houses specializing in vintage technology for an evaluation.
While Eaton doesn’t foresee a decline in interest, predicting future prices is challenging. “If something is super rare, there will always be a market for it,” he said. “Even if prices fluctuate, these items will retain substantial value.”
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