How much should i sell my iPhone 4S for?

I want to buy the 5. I have a Black iPhone 4S 16GB

Do research to see how much they are going used in similar condition and also check the cost for the phone brand new if someone can get a discount with a renewed or new contract. If your selling it to a friend or person on the street, go a couple bucks higher so there's room for negotiation

$200-$250 tops

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