How to profit from your old CD and DVD collections
Editor’s Note: This story originally appeared on Living on the Cheap.
Before high speed internet and digital music and movies, it was not uncommon for people to spend thousands of dollars to build a DVD and CD collection.
But with today’s options for online streaming and on-demand content, the need for physical media has disappeared as easier and cheaper versions of watching your favorite movies and shows emerge.
In the age of Netflix, Disney +, Apple TV, Hulu, and Amazon Prime, here are a few options for making the most of your dusty old collections of movies and music.
I do most of my shopping on Amazon, so for me an Amazon gift card is worth the money. While you may not be able to get the most out of the program, Amazon Trade-In is the easiest method I have found to sell my DVD collection. I once sent two boxes of DVDs to Amazon and got about $ 200 in gift card credits applied to my account.
The process is straightforward. Go to the Amazon Trade-In webpage and create a list of the movies you want to send. The search function is not great and a lot of articles are not eligible.
Compile a listing for your exchange on Amazon, put everything in a box, print a free shipping label, and drop the package off at any UPS store. For each of my films, I made between 7 cents and over $ 20, depending on the item and its condition.
If you have a lot of valuable CDs and movies, you can also sell them individually in a store, but you are responsible for the shipping and Amazon takes a share.
Decluttr is a service designed only to trade in your old stuff. On the media side, Decluttr accepts CDs, DVDs, games and books. It also supports phones, tablets, laptops, game consoles, e-readers, smart watches and other used devices.
You can download the Decluttr app to create a sales list using your phone’s camera as a barcode reader. You pack your items and Decluttr covers the shipping costs. Once received, you will be paid the next day.
Payments are made by direct deposit to your bank account, PayPal, or paper check by mail. However you choose to get paid, you have more money and less stuff at the end of the process.
The most popular online destination for collectibles is eBay. With our old movie and music collections becoming collectibles, eBay is another good option for offloading your records.
Unlike Amazon, where you can send everything at once, eBay is a one-item-at-a-time proposition. Additionally, eBay requires you to add each item individually which can be time consuming. But on the other hand, when an item sells, you get money in your pocket. After eBay and the postage it might not be a lot, but it’s better than nothing. It’s also probably more than what you would get from an Amazon exchange.
A local record store
The video may have killed the radio star, but record stores are still alive and well in major cities across the country. While it might not be Rex Manning Day when you pass by, you can still find the “Empire Records” experience, as well as the option to sell your used movies and CDs, at a record store in Canada. opportunity.
Your results may vary depending on what they’re willing to pay and which movies and records they might want to pick you up, but this is your best option to get money for your collection outside of the sell options. in line.
Donate for a tax deduction
If this all seems like too much work to you and you’d rather just throw away your old movies and albums to donate, you can always earn a little back when filing your taxes.
If you file your taxes using the itemized deduction method, you can donate your collection to an organization and get your taxes reduced. The association may resell the records to help fund their mission, and your adjusted gross income decreases by the value of the records. For most Americans, you can save 25% or 28% of the value of the donation.
The Death of DVD
If I want to hear a song, I just say “OK, Google” and it starts. If I want to watch a movie, I open an app on my phone and hit play. Most of my friends don’t even have a DVD player at all.
Deciding to sell my expensive and somewhat sentimental DVD collection wasn’t an easy decision, but I have less clutter, more money, and I can still watch any movie or series I want to. any time. In fact, it’s even easier because I don’t need to put a disc in the player!
For better or for worse, the discs got out and streaming came in. The longer you wait, the less valuable they are. 2022 could well be the year to swap your old collections and move on to the world of streaming for good.
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