iPod minis continue to be a hot item, even though they've been discontinued and replaced with more powerful models. Owners of minis in good condition may be able to sell their used iPods, purchase brand new nanos and have some money to spare.
While iPod nanos offer better screens and the promise of better reliability, minis continue to be a hot item because of their style, colors and capacity.
Buyers are paying premiums for minis. At eBay, a pink iPod mini new in box recently had 68 bids and sold for $486.99. It's been common for new minis to sell between $300 and $400. Used minis in good shape with packaging have been selling for $250 to $300.