That Old Phone Sitting In Your Drawer Is Actually Worth Serious Money

By Sam Gibbs on at

Most people end up stashing their old phones in drawers somewhere, never to see the light of day again. But that's unused gold you have right there. The average second hand phone price is now over £100 in the UK -- time to get flogging your old gadgets.

Apparently the average resale value of old phones has risen some £40 in just over a year to £101. Smartphones have driven up second hand prices, meaning even two year old phones are still worth a decent chunk of change.

According to CompareMyMobile, a comparison site for phone recyclers, old Apple products are worth gold -- the iPhone 4 is going for £200 right now, but even better yet, that ancient 16GB iPhone 3GS is worth well over £100 -- useful to know considering the iPhone 5 is right around the corner. I don't know about you, but I've probably got at least three old phones in drawers dotted about the house somewhere. Whether they still work, who knows, but I reckon it's time to get selling if they do. I could do with another £100 or so in my back pocket. [The Telegraph]

Image credit: Phones and money from Shutterstock