Do you think the Note 7 will increase in value?

[SAWYER]

I have an unlocked recall replacement version that I was going to send in but I have seen some on craigslist for very high prices(doesnt mean they will sell). Should I sit on this and see if it comes some hot collector's item?

 

[Red Storm]

Should I sit on this and see if it comes some hot collector's item?

I see what you did there.

I do not foresee the Note 7 becoming some collector's item. I would recommend returning it for the refund.

 

[core2slow]

If other people are doing it that must mean you should do it too.

I mean, it's a dead paperweight that I think Samsung will send out an update to disable the device very soon for those holding onto it. It's just another sand on the beach that'll be forgotten in 2 months when other phones come out.

 

[SAWYER]

"it's a dead paperweight that I think Samsung will send out an update to disable the device very soon for those holding onto it"

I didnt even think about this, this makes sense for sure

 

[core2slow]

"it's a dead paperweight that I think Samsung will send out an update to disable the device very soon for those holding onto it"

I didnt even think about this, this makes sense for sure

I think that's the logical option since Samsung is going to close the chapter on this book. They don't need to deal with this any further so I don't see why they would let these devices roam free and cause more headache not only for themselves and the carriers. If people unlock and root their devices then SOL, but for stock phones they'll shut it down eventually.

 

[Winston Marmaduke III]

No. Electronics prices don't work that way. If they do, does anyone want to buy a vintage Palm IIIx?

 

[Kapav]

The only way this happens is if the death of the Note brand results in some catastrophic change in Samsung, making it a neat historical item decades down the line. While this is a big hit, Samsung is kind of the definition of a big company and they can take it. I wouldn't get your hopes up.

 

[Zaap]

Other devices (like the Palm example) didn't undergo a massive recall, so there's tons of them floating around.

That said, yes, the Note 7 eventually could become some sort of collector's item IF, let's say, you had practically the only one to be found anywhere. Absolutely that's collector's item fodder.

But the reality is, tens of thousands of people around the world will do exactly what you're thinking of and hold on to theirs. Some of the returned units probably will dissappear, etc.

Eventually, when for whatever reason someone willing to pay a lot wants a Note 7 simple because you absolutely "just can't get one anywhere!" there will be thousands of them that suddenly show up. (Meaning their value as a 'lost' item will drop like a stone).

 

[Rifter]

if you keep it flash a new rom ASAP so when samsung sends out the brick/disable update you are unaffected.

 

[Crono]

If you can eat the cost of an $800 device to wait and see if it becomes valuable in a few decades, by all means, go ahead and do so.

 

[Kazukian]

Short answer no, long answer, no.

 

[Eug]

Don't be a moron. Just return the damn thing. Your life and the lives of your family may literally depend upon on it.

 

[nerp]

Yes, it will increase in value proportional to your home insurance premiums.

 

[SAWYER]

 

[luv2liv]

some phones are a collector's item like the classic moto flip rzr. i have mine in mint condition and it still works!
i wouldnt hold onto your note7 simple cause it might explode or burn down your house unexpectedly. and i dont think a potential buy would take that risk as well.

 

[Commodus]

I wouldn't even gamble with it, to be honest. We don't know for sure that the phone is safe even when completely turned off. Imagine if one of those classic Apple I computers you see at auctions could spontaneously combust -- they wouldn't be selling for that much money. Yes, the odds are that your phone won't have that problem, but you don't want to risk being the guy whose home catches on fire simply because he had to have a museum piece.

 

[Kazukian]

Honestly, once the battery lost it's charge, it's be pretty safe, but to be completely safe, you'd need to pull the battery.

Investing $800 in Amazon or Facebook would be a smarter move.

 

[Eug]

some phones are a collector's item like the classic moto flip rzr. i have mine in mint condition and it still works!

You can still buy the RAZR V3 series now, and it's for less than US$100, so while it's worth more than say a Nokia 6190 or even an iPhone 3GS, it's not as if it's actually worth that much.

When the RAZR first came out, they cost as much current smartphones do today. ie. way, way, way more than $100 (unless subsidized).

 

[Roland00Address]

Perfect example of motivated reasoning (psychology) in action.

Motivated Reasoning is you having a different opinion but also sensory perception where there is some form of win / loss or gain or reduction depending on the outcome. Aka you can't look at the situation rationally because you are involved with the situation and you may profit from the outcome so any possibility where you see more profit in the situation you will think more highly of even if from a statistical standpoint the odds of profit and the odds of loss does not make this a wise economonic decision.

Is this symbol I am about to put onto the paper a letter, numbers, or both?

B

-----

Most people will answer that symbol is the letter B, but if you were paid to locate numbers whenever a symbol was put up and you were paid to highlight those numbers to the person who was presenting you the information than you would say that symbol looks like 1 and 3 that are right next to each other.

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The people who have no money opportunity to gain in this situation, aka the other people in this thread will give you better advice than you create yourself. They see the real risks of gain and the real risks of loss (like burning down your house. Or perhaps a real risk is this phone catching fire and the fire occurred in your sleep and you had to go to the hospital for it burns your lungs, and possibly this smoke could have long term consequences towards your health, no I am not making this up, this actually happened with a Note 7 replacement from the 2nd batch. The person harmed was note owner Michael Klering. He lived in Kentucky

http://www.theverge.com/2016/10/9/13215728/samsung-galaxy-note-7-third-fire-smoke-inhalation

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If this Note 7 is disposable income to the point you are now considering it an investment, instead return it to Samsung for the value (probably about 800 or more). Then invest the value into something called a S&P 500 spider. It is like a mutual fund where the stocks are the 500 S&P companies in the fund, and the value of the fund goes up when the S&P goes up and goes down. See more here

http://www.investopedia.com/ask/answers/05/spdr.asp

If you invested in a SPY 20 years ago you would get about a 350% return. That is a better risk vs reward investment in my mind for the gains are real, the losses are minimal (stocks do not burn down your house and rarely harm your health), and the gains in my mind are more likely to occur. What is the real chance you will find someone in 20 years that is sentimental and wants a Note 7 instead of a Note 5, or the upcoming replacement for the Note, and will pay $2,800. Even if someone will pay $2,800 what is the chance you will find said person, and how much time will it take to locate said person.

 

[Mopetar]

Probably not for a long time and due to the lack of a removable battery you'd want to run it dry to even store it. It's not going to be mint in box either, so that's less value.

I just did a check and an original iPhone was ~$50 on eBay. That should tell you what old tech is worth, especially if it really can't be used. Maybe in 20 years it might be a worthwhile museum piece, and only if it's the last Note ever made. You're probably better off investing $800 in Samsung stock as that will appreciate better over the same time.

 

[WelshBloke]

some phones are a collector's item like the classic moto flip rzr.

?

You can get them for 30 quid on ebay.
Which doesn't seem a great investment for something that originally cost about £500.


Whoops already covered by Eug.

Are there any mass market phones/electronic gadgets that have increased in value ever?

 

[Zaap]

Well, what electronic gadget was produced in the millions, but recalled to where only a handful exist today? When has that happened before?

(The only reason that the N7 won't really be rare, is because tens of thousands won't actually be returned). If everyone but one person (or a really small handful) returned theirs and the rest were all destroyed, then of course the only example would be sought-after eventually.

People are already trying to sell the empty boxes on eBay for $20-$60! LOL!

 

[WelshBloke]

Well, what electronic gadget was produced in the millions, but recalled to where only a handful exist today? When has that happened before?

Just because something is rare doesn't mean that it will increase in value. You need a demand as well as a constrained supply.

I don't like definitive statements about future events but there's no way that a Note 7 is going to be worth the equivalent of $800 in ten years time.

 

[Torn Mind]

It'll burn down the "museum" it is stored in. As in, buildings people live in.

 

[Zaap]

Just because something is rare doesn't mean that it will increase in value. You need a demand as well as a constrained supply.

I don't like definitive statements about future events but there's no way that a Note 7 is going to be worth the equivalent of $800 in ten years time.

My point is only that it WON'T actually be rare.

I have no idea on any value it may or may not hold IF it ever was a rare item.