I don’t understand why you would throw away a perfectly good needle just because it’s old. It looks to be in good shape. The thread doesn’t look bad either.
The needle was a bit bent, so problematic for precise sewing. As for the thread, it's very thin and low quality. I had tried using it for sewing in the past and it kept snapping as I was sewing with it, so I only use it for temporary things, like basting very lightweight fabrics or other non-fabric things.
