Pass It On - Gift it to Someone
If you've got a particular tool that still has a good feeling to it, or that has some sort of sentimental value, and you've decided it's time to get rid of it, why not pass it along to a friend? You'll be happy to know your item has gone to a good home, and your friend will be happy to receive a new magical tool. Before you pass it along, you may want to hold a short parting ritual to separate yourself from the object. Once your friend has the item in her possession, she can re-consecrate the tool to make it her own.
Into the Wild - Give it back to Mother Nature
Some items seem to like being released into the wild, like animals. If you have a magical tool that came from nature -- a wand made from a branch, a special stone, a bottle of sea water -- then put it back into nature. While you may not be able to return it to the place you originally found it, you can always find a quiet place in the woods to leave it. Another option might be to toss it into a creek or river, as long as it is indeed a natural object.
Release by Fire - Safely Burn it
Sometimes, you might have an item you don't want any more, and you don't want to give it to anyone else. You might not want to leave it out in the wild where someone can dig it up, either. In this case, the best thing to do is use fire to get rid of it. Burning a magical item doesn't have to be complicated - build a fire and place the item in it. If you wish, say a few words to separate yourself magically from the object, and then allow it to burn safely.
Burial - Give it back to the Earth
Another good method of getting rid of old ritual tools is burial. Typically, you'll want to select a place that isn't going to be disturbed later on -- if you have property of your own, you can bury the item in your yard. If you don't have your own land, or you're going to be moving soon, you may want to find a remote spot somewhere that you can bury the object. Use good judgment before digging on any public property.