A kiosk or machine for buying media discs includes a dispense/receive system for dispensing the media discs to consumers and receiving media discs from customers, a disc identification system for identifying the media discs, a disc transfer system for moving the media discs within the kiosk, a control system operably connected to dispense/receive system, the disc transfer system, and a user interface system. The user interface includes a buy-back indicator or prompt which can be selectively activated by the customer. In response to activation of the buy-back indicator, the controller activates the dispense/receive system to receive a media disc for buy-back, activates the disc transfer system to move the media disc to the disc identification system, activates the disc identification system to identify the media disc, determines a buy-back price for the media disc, and activates the user interface system to display the buy-back price.