Don’t scrap your old tax disc!

It’s only been two weeks since the car tax disc was phased out, but already collectors across the world are keen to get their hands on them.

We already asked you last month what you’d do with your old tax disc, but it seems that with interest from buyers steadily increasing, the best thing to do might actually be to sell it.

A number of discs have already been listed on online marketplaces like eBay, with several having already been sold for up to £50.

It’s expected that prices are due to rise even further, as demand increases and the number of current tax discs steadily dwindles.

Now-defunct

One eBay seller is even trying their luck by listing a now-defunct disc for the whopping price of £1,000, but the good news is that it comes with free P&P at least.

Though the likelihood of it selling right now and pretty slim, there are several other discs listed for sums of around £100 that have gained over 90 watchers on the site.

Velologists

The rise in interest and prices has been attributed to the purchase and trading of discs by velologists, collectors who deal specifically in expired car tax discs.

A spike in the number of velologists means that the market for old discs has suddenly become increasingly competitive, which could result in a massive hike in the price of tax discs in years to come.

According to experts, discs which carry dates between October of this year and September 2015 will be the most lucrative, as they’ll become the final piece of the puzzle for collectors looking to finish their collections.

Leading velology website velology.com states that rare discs go for a typical price of around £200 to £300.

The current world record for the most expensive disc, meanwhile, currently sits at a massive £810.30 for a disc that dates back to December 1921.

Discs allocated to farm machinery like tractors, known as Farmers’ Discs, are some of the most sought-after, along with regional discs from Wales and Northern Ireland.

However, even recent discs could experience a massive jump in price in the years to come and could fetch a decent sum for owners, provided they’re kept in good condition.

Keeping the discs free of blemishes is the key to holding value, according to the experts, with those that feature intact borders and margins going for the highest prices.

Unfortunately, discs kept poorly will apparently be worth a mere fraction of what a well looked after disc of the same date could be worth.

So take it from us first and hold on tight to your old tax discs, they might be worth something in a couple of years. You never know what you might be able to buy…