My iphone 4g was hit by a wave , it was in my coat pocket--long story. Meanwhile, my contract is only 6 onths old.. is there a list of prices for iphones without the special 2yr. contract prices?
Sorry to hear about the damage. Was it hit with salt or fresh water? I don't know how the iPhone handles water damage, but have you tried drying it out? Does the phone work at all? ebay has the 4G iPhone for $500 and up. Most of them are unlocked from what I've seen. Hopefully someone else will chine in with more info.
It may be too late, but next time it happens, DO NOT TRY TO TURN THE PHONE ON, dry it off and put it in a bag of race for 24-72 hours. There's also something you can buy for about $20 called Bheestie bag you can keep on hand for the future.