Selling a used iPhone question.

With the new 16gb iPhone out, and the talks of the "gen 2" iPhone not all that far away, I had a question pertaining to the sale of my current phone. Basically, would I need to do anything special to sell it, or do I just hand it over and take the money? I would imagine I would need to get a new SIM card put in it so the buyer wouldn't be able to use my information, but outside of that, anything special?
Thanks

The iPhone includes a setting to erase all content and settings which you will want to use.
Settings > General > Reset > Erase All Content and Settings.
You don't need to provide the buyer a new SIM card unless you want to. The buyer can get a new SIM card from a local AT&T Store.

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