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The New Horizons 3.0 update is here and we're hosting an eShop gift card giveaway! Each participant will also earn up to 60 forum bells. To participate, visit the event thread in the New Horizons board here. Good luck!
Most collectibles can't be sold back to the shop, but add-ons can be sold back I believe. It will not give back the amount you paid to buy them though.
The Buyback Price listed on the collectible/add-on info thing will tell you how much they can be sold back for.
You can sell back some mailboxes for a reduced price, but that's about it. This is for if you already bought one and want to "upgrade" to a better one.
And of course the turnips right now... but that doesn't really count.