Something about throwing out musical instruments bothers me... the same way as it does with books.
Sometimes books simply aren't worth the shelf space.
I eventually felt the same about a $50 guitar that I bought out of musiciansfriend catalogue when I was 16. Tuning pegs that wouldn't sit still, poorly aligned frets… the rosette was printed onto a piece of paper. It's hard to believe that something as beautiful as a musical instrument could be built so poorly.
I suppose you should take care to not extend the sentiment to finely crafted foods.