Editor’s Note: This story originally appeared on Living with little money.
Before high-speed Internet and digital music and movies, it was not uncommon for people to spend thousands of dollars building a DVD and CD collection.
But with today’s options for online streaming and on-demand content, the need for physical media has fallen by the wayside 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 cashing in on your dusty old movie and music collections.
I do most of my shopping on Amazon, so for me, an Amazon gift card is only as good as cash. While you may not get the best value from the program, Amazon redemption it 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 simple. Go to the Amazon Trade-In website and create a list of the movies you want to ship. The search function is not great and many articles are not eligible.
Compile a list for exchange on Amazon, put everything in a box, print a free shipping label, and drop off the package at any UPS store. For each of my movies, I made between 7 cents and more than $ 20, depending on the item and the 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 shipping and Amazon takes part.
Decluttr is a service created solely to exchange your old things. On the media side, Decluttr accepts CDs, DVDs, games, and books. Used phones, tablets, laptops, game consoles, e-readers, smart watches and other devices are also needed.
You can download the Decluttr app to create a sales list using your phone’s camera as a barcode scanner. 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 a paper check in the mail. Regardless of how 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 turning into collectibles, eBay is another good option for downloading your records.
Unlike Amazon, where you can ship everything at once, eBay is a one-item proposition at a time. Additionally, eBay requires you to add each item individually, which can be a time-consuming task. But on the other hand, when an item is sold, you get cash in your pocket. After eBay and shipping costs, it might not be a lot, but it’s better than nothing. It is 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 big cities across the country. While it may not be Rex Manning Day When you log in, you can find the “Empire Records” experience, along with the ability to sell your used movies and CDs, at a used record store.
Your results may vary in terms of what they’re willing to pay for and what movies and records they want to get off your hands, but this is your best bet for getting cash for your collection outside of online sales options.
Donate for a tax write-off
If all of this sounds like a lot of work and you’d rather ditch your old movies and albums to donate, you can still earn a little when you file your taxes.
If you file your taxes using the itemized deduction method, you can donate your collection to an organization and get a break on your taxes. The nonprofit organization may resell the records to help fund its mission, and its adjusted gross income is decreased by the value of the records. For most Americans, you can save 25% or 28% of the donated value.
The death of the 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.
Deciding to sell my expensive and somewhat sentimental DVD collection was not an easy decision, but I have less clutter, more money, and can still watch any movie or show I want at any time. In fact, it’s even easier because I don’t have to put a disc in the player!
For better or for worse, the discs are out of stock and the transmission is kicking in. The longer you wait, the less valuable they become. 2022 could be the year to swap out your old collections and upgrade to the streaming world forever.
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