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iphone 4 value today

Grimreaper

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So now that the iphone 5 and the new ipod's were announced today, I have question.
I'm in the market for a new multimedia device or phone.
My friend is going to sell his iphone 4 when he gets the 5.
It's a 16gb black iphone 4, light use, had it since 2010, Pretty good condition. Nothing wrong with it otherwise.
What do you think a good fair price would be for it?

And by the way- for the new ipod touch's- is there no 8gb or 16gb version only 32 and 64?

thanks
 
iPhone 4 - Black - 16GB w/ light signs of use... I wouldn't pay more than $220-$230 USD. Considering a "Like New" iPhone 4 - 16GB will sell for $240-$250 on eBay all day right now.
 
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