jsasker,

Personally, I would definitely keep it as a back up. What happens if, in the middle of the season, something happens to your "new" bow? Now what do you do?

But, to answer your original question....there aren't too many places that will allow you to "trade in" an old bow. Some shops will allow you to put your old bow on the rack so that the pro shop can sell it for you.....ofcourse, they receive a small "seller's fee"...and if it doesn't sell then it will just sit there.

But, before I would go that route I would probably try Ebay first. I have bought and sold quite a few bows on there and would recommend it as a good way to get rid of "old" stock.

Be warned though....don't expect to get too much for your old bow. Most brands/models depreciate quickly. Even after 1 year some bows might not fetch more than half their original value.

Good luck.