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Cashing in an old wallet?

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A friend found an old wallet recently from early 2012 while he was packing up to move. The wallet is worth a considerable amount of money and he's wondering the best way he can "cash it in"?

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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