To be fair even dead one's are worth money on auction sites - probably due to their being plenty of dodgy people who buy them, give them the hot air gun treatment and some new thermal paste and sell them back on.
I sold my original 60Gb after it YLOD'ed - I gave it the heatgun treatment (as I had to take it apart to get a friend's borrowed game out anyway), and auctioned it on, making £80 having disclosed it had suffered a YLOD.
Only if it was an original 20GB or 60GB Model - the 40GB and 160GB models used the same case and aren't backwards compatible - and only some of the 80GB models are.
To be fair not too hard a job as plenty of guides on the web - I had to learn pretty sharpish as I borrowed a friend's Killzone 3 when it first came out and it YLODed my PS3 (Fun fact: The Original 60GB also doesn't have any way to physically eject any discs)
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