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Getting the most from iphone4 sale?

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The time has come to upgrade my phone and I want to sell it for the highest amount possible. Anyone got any recommendations or thoughts? I have an iphone 4 16gb in vgc but it is locked to Three.

O2 recycle is offering £100
Mobile cash mate offers £118 (but according to reviews on this forum they tend to lower this offer when you send it in)
Private buyer has offered £115 (but could prove unreliable)
Apple only offer £35 (tight wads!)

Thanks!

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