When settling an estate, personal representatives often encounter piles of outdated electronics – old TVs, stereo equipment, odd-looking computers, even boxes of random parts. Most of it looks like junk. But appearances can be deceiving.
In one cautionary tale, a fiduciary authorized an estate sale. The electronics didn’t sell and were sent to recycling. Weeks later, headlines reported a “Rare Apple 1 Computer Found in Recycling Center – Estimated Value $750,000.” The photos showed what looked like a homemade keyboard in a wooden box, just like the one the estate discarded.
While this is a worst-case scenario, it highlights a key point: Vintage electronics can be surprisingly valuable. Items like the Kenbak-1 or Scelbi-8H computers have sold for tens of thousands. A 1970s Pioneer stereo receiver might fetch $2,000. But age doesn’t guarantee value; many working vintage devices are worth under $100.
So how can a fiduciary decide what to keep, sell or toss?
Step 1: Identify the item. Gather key details: brand, model and serial number, date or version markings.
Check the back, sides or bottom of the item for stickers or stamps. Computers may require looking inside – carefully – especially if they contain CRTs, which can hold dangerous voltage even when unplugged.
Step 2: Research online. Use sites like eBay, Reverb (for music gear) or collector forums to look up recent sales. Don’t rely on listing prices; filter by “sold” items to see actual values. Some websites, like Steve’s Old Computer Museum, offer helpful visuals and identification tools.
Remember, value depends on rarity, condition and demand. A unit that looks unremarkable might be worth thousands, while another flashy piece might be common and low in value.
Step 3: Decide how to sell. For low-value items, an estate or garage sale may suffice. For rare or collectible items, online auctions or a professional appraiser may be better. A probate referee may also assign a value if the item is part of an estate inventory.
If selling online, weigh the time and cost of listing and shipping against the potential return. Auction houses offer wider exposure for rare pieces but may charge higher fees. In some cases, donating to a hobbyist or artist group may be appropriate.
A few warnings: Never plug in vintage electronics to test them unless you know what you’re doing. Old components can fail when powered on, possibly destroying the item. Also, disposing of property without proper notice (such as a Notice of Proposed Action in probate) could create liability if value is later discovered.
Bottom line: What looks like trash may be treasure. When it comes to old electronics, take a second look – and when in doubt, get help. A little research could prevent a big loss.
When dealing with vintage electronics in an estate or trust, take the time to research and evaluate. And, when in doubt about your responsibilities or next steps, consult with an attorney familiar with estate administration.
Send your questions to ccolan@colanlegal.com and use “Alpine Mountaineer estate planning question” as the subject. We’ll answer your questions in our upcoming issues. This article is provided by your local estate planning attorney, Corina Colan. The Law Office of Corina I. Colan / (909) 265-3315 / www.colanlegal.com
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