With the latest iPhone models now available for preorder, many Apple users might be wondering what to do with their older devices. The good news? Some of these older iPhones could be worth a small fortune.
Tech collectors and nostalgic buyers are driving up prices for vintage Apple products, particularly iPhones from the early years. If you own an older model, especially one in pristine condition, you might have a valuable item on your hands.
Nostalgia fuels demand
Gen Xers and Millennials have been increasingly drawn to technology from their younger years. This nostalgia has led to a surge in demand for older iPhones, especially those that remain sealed in their original packaging.
“The rarity, scarcity, and collectability of these pieces are making them highly desirable among 40-to-50-year-old consumers,” said Bobby Eaton of RR Auctions in New Hampshire.
First-generation iPhones fetch big money
In recent years, RR Auctions has overseen the sale of numerous first-generation iPhones. One of these sold for an astonishing $147,000 in March. Another early iPhone set a record at LCG Auctions in Louisiana, selling for an incredible $190,373.
“As we all know, the iPhone changed the world,” Eaton explained. “Over the last three years, the value of sealed iPhones has skyrocketed, depending on the model.”
Not every old iPhone is valuable
If you think any old iPhone will bring in a hefty payday, think again. Much like vintage video games and VHS tapes, only certain models in specific conditions attract collectors.
Currently, the most sought-after iPhones are the first-generation 4 GB and 8 GB models released in 2007. The 8 GB version with an iTunes logo on the box is particularly desirable.
“Beyond the first-generation products, the market changes drastically,” Eaton noted. “Later models haven’t yet reached the same level of collectability.”
The 4 GB model is the most coveted
Among the early iPhones, the 4 GB model is the most valuable. Apple discontinued this version just two months after its launch, making it extremely rare. Both of the high-priced iPhones mentioned earlier were 4 GB models.
The 8 GB models can also command high prices, particularly those from the initial release before Apple updated the packaging with an iTunes app image.
Opened iPhones still have some value
Even if your first-generation iPhone isn’t sealed, it might still be worth something. Opened first-gen models in mint condition can sell for a few thousand dollars. However, signs of wear or damage can significantly reduce their value.
“If they show any use or damage, they’re worth nothing to collectors,” Eaton warned.
What about iPods and iPads?
If you don’t have an old iPhone but still own an original iPod or iPad, you might still be in luck. Collectors are also interested in early Apple products, provided they’re in exceptional condition and, ideally, still sealed.
Do other brands hold a similar value?
While Apple’s early devices are raking in big bucks, older Android and Samsung models don’t command nearly the same prices. According to Eaton, early non-Apple smartphones have not reached collectible status.
“The only comparable item we’ve sold to the iPhone is an early Motorola flip phone that was still sealed,” Eaton said. “That sold for $250.”
How to check if your iPhone is valuable
If you think you have an old iPhone that could be worth thousands, here’s what to do:
- Check the serial and IMEI numbers on the box to confirm it has never been activated.
- Consider getting it graded by a professional service.
- Contact auction houses specializing in vintage technology to get an appraisal.
Act fast—values could change
While interest in vintage Apple products remains strong, prices fluctuate. Eaton advises potential sellers to act sooner rather than later.
“If something is super rare, there will always be a market for it,” Eaton said. “It might not maintain today’s high prices, but it will still hold significant value.”
Older iPhone models have already made headlines with staggering auction prices. In July 2023, a first-generation iPhone sold for over $190,000, while another went for $63,000 in February. If you own one of these early models, now might be the perfect time to cash in.
