We didn't throw out our old rotary phone until last year, and it had been broken beyond repair for five years prior. I liked that phone; it had character.
Generally, unless it's damaged beyond any use, we box it up and store it somewhere. Heck, we've got fully functional computers from the 80's still. My first television my parents gave me had a UHF and VHF knob and was actually made in America, it's so old. I still got it too, somewhere in a closet. I just stopped using it when I got a tv with a built-in VCR and better image quality (but slightly smaller screen), which I stopped using in favor of a tv with the same features but a much larger screen (about normal size by today's standards).
Heck, I've still got my old Atari and NES. When I got a PS2, I let my sister borrow my PSX on permanent loan.
We don't get rid of electronics unless they're completely useless to us. The result of this habit is that everything we held on to all these years, long after they were worthless, is either still usable or worth money now.