Can you sell an iphone 4 that can't be connected?

My friend lost his iphone 4 & reported it lost and got a new one then we found it later & he said i could have it but i called to try to connect it & they said i couldn't (verizon).so now we're wondering if it's worth anything to sell, if so what would we need to say about it so as not to cheat people.planning to put it on ebay but want people to know the truth about what's going on with it. I don't know if it can be jailbroken & connected or what, i'm not good with technology, any help would be appreciated, thanks!

You can sell anything what you should be asking about is the price… For a used iphone 4 that can't be connected id think you can get a old pair of shoelaces and a box of soggy moldy corn flakes but thats only an estimate

If they won't let you "connect it" no else will.