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Here's a new opportunity to make money from your old phones

We look at money saving advice on getting cash from old technology
By Ben Lobel on Nov 30th, 2016   @freelotteriesuk

With nearly a quarter (24 per cent) of Brits set to buy tech for themselves or as a gift this Christmas, our desire to own the very latest gadgets shows no sign of fading.

But as we fill our Christmas stockings with the latest must-have technology, what happens to the tech gadgets of Christmas past that were once at the cutting edge, but have now been superseded by advancements in innovation and design?

According to new research published by Talkmobile, nearly 15 million households in the UK have an old tech item lying forgotten around their home. The study of just over 2,000 adults finds that items gathering dust at home include games consoles, vinyl record players and VCRs, with mobile phones at 55 per cent the most likely to be languishing unused.

Over one third (34 per cent) of those surveyed said that if they found an old phone lying around they would probably leave it in a drawer and forget about it. In fact, only 17 per cent of us would sell on our old phones, which could mean we’re missing out on some extra cash. Even the most common models of phones could sell for £20-£50 on listings sites such as eBay.

Get those old phones cashed in

As we approach the most expensive time of the year, Talkmobile is encouraging families to comb their sock drawers, trawl through their attics and search the back of their wardrobes for their old and unloved mobile phones and they’ve helpfully compiled a list of the some of the most iconic handsets from the last 30 years on the Talkmobile blog.

According to the experts, you might find a phone worth a small fortune, as some retro handsets are now classed as modern antiques with collectors willing to pay handsomely for them.

Mobile phone expert Ben Wood, from CCS Insight, who has a collection of nearly 1,000 mobile phones from the last 30 years says, 'We all remember our first mobile phones, whether it was the iconic brick-sized Motorola DynaTAC used by Gordon Gekko in Wall Street, a Samsung that flipped open, or the noughties manufacturer of choice, Nokia.

'It’s now over 30 years since the first mobile phone became commercially available and a whole generation of people have owned a host of different handsets over the years.'

Classics of the time

Our most affectionate memories are for the humble Nokia 3310 and 3390 models. The most popular phone of the late 90’s and early 00’s featured pioneering elements such as an inbuilt aerial, exchangeable cases, text messaging and the addictive game ‘Snake’.

Although most people think the old mobile phones gathering dust at home are worthless, there are certain models that are particularly valuable. Serious collectors are willing to pay around £800-£1000 for the most iconic phones such as the Motorola DynaTAC 8000x or the Mobira Talkman, but even the most everyday handset models could fetch between £10-£20 on eBay.

These days, recently released handsets generally don’t increase in value, so if you’re after a bit of extra cash for Christmas, have a clear out!