One of the most often asked questions around the shop is “How much are my skates worth.”
No matter if it’s just boots or both blades and boots, skating parents are always curious as to how much they should sell their skates for or what the trade in value will be.
Although there is no clear cut method to determine the value of used blades and/or boots, the following suggestions should give everyone at least a good point from which to start.
- Always know what your skates cost new. (do not include sales tax or shipping charges)
- Know how old both the blades and boots are, especially if this is the second time using the blades. Note: A blade used more than once will most likely not be in as good a condition as a one (1) year old blade and you may want to separate the boot and blade to sell separately. Regardless of the number of scratches on a blade, the more sharpening edge remaining on the blade, the greater the value. Any boots that are substantially sweat worn or have tears on the inside are of no value. Those showing extreme creasing in the ankle area also have no value. Depending on the condition of the boot or blade, if not equal, one will bring down the value of the other if sold together.
- Anything you can do to make the skates look more presentable (new laces, fresh polish, re-finish the soles and heels, having the skates sharpened), will result in a higher return upon selling them.
- Keep in mind that skaters in larger metropolitan areas such as New York, Chicago, or LA are able to charge and receive more for their skates, while those in less populated areas like Wisconsin, Michigan, or Kentucky are less likely to pay a premium for used skates.
Determining the Value of Used Blades and/or Boots
- First, determine if you are going to sell the blade and boot together or if you will be separating them.
- Take them to a dealer and ask what the trade in value would be toward another pair of skates; assuming that they take skates on trade. Since you will most likely be purchasing another pair of new skates from the same dealer ask if you can bring them back at a later date to trade in if you’re unable to sell them.
- Take the total cost of the blades and/or boots and cut it in half.
- If replacing laces, etc. add the amount you spend on laces or any other work you are having done, to the price after having already cut it in half of what you originally paid for them. If selling them as is, deduct 10% more after having cut the price in half.
- Determine in your own mind if you would pay the same price for whatever it is you are going to sell to someone else.
- Adjust your final price up or down accordingly. If someone makes you a counter offer, remember what the dealer would have given you for your skates without you having to put any work into them. If the offer is below that of the dealers, tell the buyer and quote them the trade in price from the dealer. Most likely you’ll get at least what the dealer would have given you on a trade.
|Note: When trading in used skates, you could receive anywhere from 30% to 50% less than what you could sell them for yourself. In some cases the dealer may decide to re-finish the entire skate before reselling them and charge double of what he had paid for them. The amount of time put into re-finishing a pair of skates can amount to a few hours, and no one should feel cheated on a trade in.|
Here at Geppetto’s Skate Shop, we always offer the option to our customers to refurbish any used skates we sell………if needed.