I've sold smaller things on Ebay, and it has gone well.
For bigger items (guitars, amps, etc) I've used Craigslist and similar face-to-face sites. With these, you have to weed through a lot of low offers and time wasters, but there are no shipping issues and have cash in hand.
I've looked at selling consignment in a music store, but haven't actually sent any hardware this way yet. It has the benefit of someone being able to see it, try it, etc. but for a price.