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Do elderly instruments buy used instruments?: A Guide for Musicians and Collectors

4 min read

Since 1972, the renowned music store Elderly Instruments has built a global reputation for its vast collection of new, used, and vintage musical instruments. A frequent question for musicians and collectors is: Do elderly instruments buy used instruments? This guide provides a comprehensive overview of their well-established purchasing program.

Quick Summary

Yes, Elderly Instruments buys and sells used instruments, including fretted and vintage items, and offers options for selling, trading, or consigning your gear. They have been in the business for decades, building a solid reputation for their expertise and integrity in the vintage instrument market.

Key Points

  • Elderly Instruments Buys Used Gear: Yes, the store actively purchases, trades, and consigns used and vintage instruments, a core part of its business model for over 50 years.

  • Options for Sellers: Musicians can choose between selling their instrument outright for cash, trading it in for another piece, or placing it on consignment to potentially maximize their return.

  • Expert Appraisals: The company employs a team of highly experienced appraisers with specific instrument knowledge to provide fair and honest valuations.

  • Detailed Evaluation for Vintage Items: Rare or vintage instruments may undergo a more comprehensive evaluation process to verify authenticity and value.

  • Clear, Online Process: The process begins with filling out a Preliminary Appraisal Form online, followed by options for mailing in or bringing the instrument to their store.

In This Article

A Decades-Long Legacy of Buying and Selling

For over 50 years, Elderly Instruments has been a trusted hub for musicians looking to find new homes for their beloved instruments and for enthusiasts seeking quality used and vintage gear. Unlike some retailers that only deal in new products, Elderly Instruments’ business model has always revolved around a vibrant marketplace of second-hand and vintage items. Their deep experience and skilled team of appraisers, some with over a century of combined expertise, ensure that every used instrument is evaluated with care and integrity.

This commitment has cultivated a loyal community of musicians who value not only the opportunity to purchase rare and collectible pieces but also to have a reliable and trustworthy partner for selling their own instruments. Whether it’s a family heirloom or a recent acquisition, Elderly Instruments provides a clear and straightforward path for those looking to turn their instrument into cash or trade it toward a different piece of musical history.

How to Sell, Trade, or Consign an Instrument

Elderly Instruments offers several avenues for selling or trading your instrument, designed to suit different needs and circumstances. The process is straightforward, beginning with an appraisal to determine the instrument's value.

The Preliminary Appraisal Process

Before you ship your instrument or bring it into their Lansing, Michigan store, Elderly Instruments requires a Preliminary Appraisal Form. This helps their team understand what you have and provides an initial assessment. The form gathers key details about the instrument, such as:

  • Type of instrument: Guitar, banjo, mandolin, etc.
  • Maker and model: Brand and specific model information.
  • Condition: Photos and a description of any wear, damage, or repairs.
  • Provenance: Any known history or special story behind the instrument.

Selling vs. Trading vs. Consigning

Feature Selling Outright Trading In Consignment
Payment Instant payment once the deal is finalized. Credit towards another purchase from Elderly Instruments. You receive payment only after the instrument has been sold to another customer.
Value Offers a solid, immediate cash value for your instrument. May offer a higher trade-in value than the outright sale value. You receive a larger percentage of the final sale price, as Elderly takes a commission.
Timeframe Quickest option; payment is swift. Quick process, as it's part of a larger transaction. Longest timeframe; depends on how quickly the item sells.
Best For Needing cash immediately or not looking for another instrument. Upgrading to a new instrument or swapping gear. Maximizing your return on a higher-value instrument with less urgency.

Expert Appraisal and Honest Valuation

When dealing with vintage or valuable instruments, accurate valuation is crucial. Elderly Instruments employs a team of seasoned appraisers who are experts in their specific niches, from vintage acoustic guitars to rare mandolins. For particularly rare or vintage pieces, they offer a more in-depth Detailed Vintage Evaluation. This comprehensive process authenticates the instrument, assesses its condition, and provides a well-researched valuation based on the current market. The fee for this service is often refundable if you decide to sell or consign the instrument with them.

This meticulous approach ensures sellers receive a fair and honest price for their gear, while buyers can have confidence in the authenticity and quality of the instrument they are purchasing. The transparency and integrity of this process are key to Elderly Instruments' longevity and trusted reputation within the music community.

Preparing Your Instrument for Sale

If you plan to sell or trade your used instrument, a little preparation can go a long way in ensuring a smoother process and a better valuation. Start by cleaning the instrument thoroughly, polishing any metal parts, and restringing it if the strings are old. Documenting any repairs or modifications is also important, as is gathering any original paperwork or cases that came with it. High-quality, clear photographs from multiple angles can help the appraisers get an accurate understanding of its condition during the preliminary review. For instruments that require shipping, be sure to pack them securely to prevent damage. Elderly Instruments provides specific guidelines and advice for shipping on their website to help protect your investment during transit.

Conclusion

In short, the answer to the question, "Do elderly instruments buy used instruments?" is a resounding yes. With a long-standing history of fair dealing, expert appraisals, and a genuine passion for musical instruments, Elderly Instruments provides a trusted and effective marketplace for musicians of all levels. Whether you are a musician seeking to upgrade your gear, a collector looking to refine your collection, or someone with a family heirloom seeking its next home, Elderly Instruments is a reliable partner in the used instrument market.

For more information on their buying process, you can visit their official FAQ page here: https://www.elderly.com/pages/faq.

Frequently Asked Questions

Yes, Elderly Instruments has been in the business of buying, selling, and trading used instruments, especially fretted and vintage ones, since 1972.

They buy a wide variety of used instruments, including fretted instruments like acoustic and electric guitars, banjos, mandolins, and ukuleles, as well as basses and amplifiers.

You can start the process by filling out a Preliminary Appraisal Form on their website or by visiting their store in Lansing, Michigan. Appointments are recommended for in-store appraisals.

Yes, their process accommodates online appraisals. You will submit the Preliminary Appraisal Form and may be asked to ship the instrument if you accept their offer.

The best option depends on your goal. Selling outright provides immediate payment, trading can offer a higher value towards a new purchase, and consigning allows you to potentially maximize your return over a longer period.

For rare vintage pieces, a Detailed Vintage Evaluation has a fee, but this fee is refunded if you ultimately sell, trade, or consign the instrument with them.

It's recommended to clean the instrument, ensure it's in good playing condition, and take clear photos. Gathering any original paperwork or cases can also help with the valuation.

References

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Medical Disclaimer

This content is for informational purposes only and should not replace professional medical advice. Always consult a qualified healthcare provider regarding personal health decisions.