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How much is a used iphone 4 worth?

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Grimreaper

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I've seen the prices online of stores selling them new, But I want a word from you guys.
It is a 16gb iphone 4, Good condition, no major flaws, On the AT&T network. My friend will sell it to me But I want to make sure he's not ripping me off. Whats a fair or slightly cheap price for his iphone 4?
 

rudyy

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I bought a used black iPhone 4 5.0.1 16 gig in late December for $300, on Verizon.
 
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