Vinyl is in a huge resurgence, of course, with sales growing year-after-year every year since 2005. And CDs, well, you might be surprised that people are actually listening them as well — after being in a steady decline since 2000, CD sales actually grew in 2021 for the first time in nearly two decades.
Some releases sell for hundreds of dollars. Some are worth less than $5. To determine the value of your CD, you must first identify it. Start by looking for a Catalog Number, which is often found on the back cover of the CD case.
Online platforms are the best places to sell CDs. Popular options include Music Magpie, eBay, Facebook, and other marketplaces. You will not earn a lot from selling CDs but it is better than letting them collect dust.
Resell old CDs
Old record stores will pay money for CDs, old records, and even cassettes, so research nearby retailers to see if they have a buyback program. If you don't live near any music stores, Money Pantry recommends selling old discs to Bonavendi, Amazon Trade-In, Decluttr, BookMonster, and BuybackExpress.
It can be difficult to find recycling options, but you shouldn't throw your CDs in the trash. It's estimated that it will take more than 1 million years for a CD to completely decompose in a landfill.
According to Axios, the surge in CD sales was also driven by "young people who are finding they like hard copies of music in the digital age". Young people are therefore discovering the sheer joy of owning their music rather than leasing it from a platform like Spotify.
CDs are significantly cheaper than vinyl.
If you're looking for a superior audio format, CDs are the best deal you're likely to get. To be frank, they're cheap to buy. Audio shops and retailers are practically giving away used CDs, while new CDs are usually in the $12 to $15 price range.
I've found that the best platform/method for selling CDs is EBay, with “Buy it now” listings. If you sell less than 50 items per month on EBay, there are no insertion fees and total basic fees are 10% of the value of the sale. EBay even offers discounted USPS postage, which lowers the total cost of sale.
Although vinyl has made plenty of headlines in recent years, the CD remains a popular choice for collectors. According to the Recording Industry Association of America, 111 million CDs have been purchased over the last three years, and 2021 saw the first increase in new CD sales in 17 years.
Pros of having a CD
Higher APY: CDs typically offer a higher APY than traditional savings accounts or money market accounts. As a result of the rate hikes by the Federal Reserve, the national average one-year CD rate in 2023 is 1.72 percent, up from 0.3 percent the previous year.
So don't leave your old CDs to gather dust, sell them to us here at WeBuyBooks. We'll find a new home for them and stop them from going to waste. Choose to post your items, or have them collected. We'll provide you with a free post label!
A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively safe way. Like savings accounts, CDs are considered low risk because they are FDIC-insured up to $250,000.
Having been hit by the rise of filesharing and MP3 players in the early 2000s, CD sales nearly halved between 2000 and 2007, which is when smartphones and the first music streaming services emerged to put the final nail in the compact disc's little round coffin.
Music Downloads & Compact Discs To Be Replaced By USB Music Cards, Says TVM. Bio.
Stock markets offer higher risks and higher returns compared to CDs, so a switch may not make sense for investors with moderate risk appetite. Limitations of CDs include locking funds, early withdrawal penalties, and reduced competitiveness if the interest rate environment changes.
I want to share my thoughts on why CDs continue to hold a special place in the hearts of music fans, including myself. Despite the rise of streaming services and the resurgence of vinyl, there's something about CDs that keeps us coming back for more.
CDs have a much high bit-rate of 1,411 compared to streaming services like Spotify with an average MP3 bit-rate of 320kb. Furthermore, the fundamental audio format used by CDs establishes uncompressed CD-quality sound; almost 29 times higher than streaming services such as Spotify, Apple Music or Tidal.
If interest rates rise, the market price of outstanding CDs will generally decline, creating a potential loss should you decide to sell them in the secondary market.
This article estimates the shelf life to be from five to ten years, but it really depends on the quality of the disc that your purchase, since you can buy discs that are intended to have a longer life span through protective coatings or being produced using different materials.
The retailer buys in used copies for 35 pence each and sells them on its Amazon store for £6.95. Making a good margin on the classics is critical, since musicMagpie accepts everything sellers send. For every Dark Side of the Moon, it'll also receive a copy of Hear'Say's Popstars.
Recent releases in good condition might average $2.00 to $10.00 STORE CREDIT, with some being worth more. For titles that do still sell strongly and are in very good condition, we typically offer between $2 and $4 STORE CREDIT (or 50% of the credit value in cash).
musicMagpie will not make payment for, or return to the sender/seller/user any CDs, DVDs Blu-Rays, Games and Books delivered in the following condition: If ANY of the original disks from the original item are missing. If the disk in the case does not match the cover and / or sleeve notes.
Can I Sell a CD Before Maturity? You can sell brokered CDs on the secondary market before they mature.