Whether you are ready to upgrade your equipment or you simply need to get rid of an instrument that’s been collecting dust for several years, selling your old gear is the way to get the best value.
Additionally, you can make your budget for upgrades go even further when you add selling or trading in old equipment.
However, if you have never sold an instrument before, it can seem like an intimidating process; you want to ensure you aren’t getting ripped off after all. With a little research and effort, getting the most for your used equipment isn’t as daunting as it may seem.
Pricing Used Instruments & Equipment
The first step in selling used musical instruments and equipment is to determine its actual value, which is often the most difficult task in this process.
First of all, it can be tough to take sentimental value out of the equation. You may think your first Squire electric is special, but unfortunately that doesn’t make it a ‘59 Les Paul Burst in the eyes of everyone else.
Taking a pragmatic approach to valuation is key – check pricing on multiple sources to gain an idea where to start. Online retailers like eBay and Reverb are a good place to start, though used music stores often have inventories and personnel who can help you determine a proper value.
Another good resource is The Orion Blue Book, a comprehensive valuation database covering everything from musical instruments to power tools. Signing up for an account gives you 5 free valuations, so use them wisely.
Finally, for more expensive items, it may be worth paying a few hundred dollars to get a certified appraisal to ensure you receive actual value.
Selling Used Instruments & Gear
There are a number of different routes you can go these days to sell your used gear that each have their own pros and cons.
- Online Sale – Websites like eBay reach around the world, while sites like Craigslist allow you to make local transactions in person. However, each come with their own level of risk and hassles, such as scams, fees and shipping.
- Pawn shops – While pawn shops often get a bad rap, they can be a place to get quick cash for your instruments. However, you may not get the best deal.
- Music Shops – The most convenient option is usually local brick and mortar music shops. These typically offer excellent customer service, extensive knowledge of instrument valuation and the option to apply credit for your used gear toward something from their inventory. You can also walk away with quick cash if that is what you want.
Selling used gear and equipment is something you need to put at least a little time and effort into if you want to get the most back for your gear. At Music Go Round – St. Louis, we have years of experience buying and selling used musical instruments and equipment.
If you’re looking to sell, be sure to stop by our store for a free evaluation of fair market value!
