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Value of vinyl records

1599 Views 18 Replies 11 Participants Last post by  SiriuslyCold
Hopefully somebody has an answer for me...My father recently past away, and he has quite a large collection of vinyl records. I have not gone through them one by one so it is hard for me to know what all is really there but I know some of his records are real classics...just because I remember him talking about them when I was younger, but I dont know which ones these are. To make a long story short, I am 27 and dont own a record player, nor do I have any plans for owning one. Therefore, I must sell these records but have no way to know what kind of price I can put on these things. He has a slew of 45s as well as 33s. The local record exchange store says they give 10 cents per record, and for some they may give 5-12 depending on the record. Before I simply dump these records for mere pennies, I thought I would come here and see if anyone had any thoughts as to what kinds of value these old vinyls might really hold. I would hate to dump them for 100 bucks only to find out that this collection was really worth much much more. So please, let me know if you have any tips or questions, for I am truly curious. I can tell you that all the 33s are still in the sleeves, and from what I remember, my dad always took good care of them. As for the chest of 45s I have not looked in there to see how they are being stored. Thanks for all input
1 - 19 of 19 Posts
Look to see what others are getting for similar records on ebay.
Well, it's tough for someone in your shoes to get a handle on this unless you want to make yourself an instant expert. The value of a record depends on its rarity and condition (both disk and jacket), and on demand for that particular recording. There are published price guides (check B&N or Borders in the Hobbies section for the Goldmine guides or similar), but those guides report the price you will pay at the record store, not the price the record store will pay you.


I generally get a buck or two on most trade-ins from my exchange, but it can be as little as a quarter on fluff. Rarities will command more.


A few suggestions. First, don't let anyone come in and pick through the pile. That will make whatever's left virtually worthless. (Unless you want to put each and every one up on eBay, but I don't think you do.)


Second, register at www.recordcollectorsguild.com , and ask the same question there (or search the archives--I know the question's been asked before).


Third, send me a PM with your location, the genres you have (jazz, classical, etc.), and approx numbers of each, and I'll try to help you out a bit.
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You can sell them on Craigs list or Ebay. Sell them in two lots, the 45's and 33's. You will need to know the genre of the music. Rock, Classic rock, Jazz, etc. And you will need to list the general condition. Look at a bunch of them. See scratches? How many, how deep, etc. In a lot you might get anywhere from .25 to a buck each.
also ask at Steve Hoffman's forums


(they'd probably tell you to get a turntable, tho ;D )

Quote:
Originally Posted by mcnarus /forum/post/12845391


Well, it's tough for someone in your shoes to get a handle on this unless you want to make yourself an instant expert. The value of a record depends on its rarity and condition (both disk and jacket), and on demand for that particular recording. There are published price guides (check B&N or Borders in the Hobbies section for the Goldmine guides or similar), but those guides report the price you will pay at the record store, not the price the record store will pay you.


I generally get a buck or two on most trade-ins from my exchange, but it can be as little as a quarter on fluff. Rarities will command more.


A few suggestions. First, don't let anyone come in and pick through the pile. That will make whatever's left virtually worthless. (Unless you want to put each and every one up on eBay, but I don't think you do.)


Second, register at www.recordcollectorsguild.com , and ask the same question there (or search the archives--I know the question's been asked before).


Third, send me a PM with your location, the genres you have (jazz, classical, etc.), and approx numbers of each, and I'll try to help you out a bit.

Good advice.


I will only add, (you didn't give us any idea what you have there) typically nowadays, old jazz and classical have potential to bring real money. Pop/rock isn't typically worth much unless it is something unusually rare, in excellent condition, or both.


Ebay, is a time consuming and difficult place to deal, but I know several very serious record collectors (probably buying and selling hundreds per month) and they are all using ebay and say it has taken over all other outlets as the trading venue of choice.


45's are usually worth even less unless it is really rare stuff and then often only interesting to the niche collectors interested in those.
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Can you give us an idea what kind of LP's you have? (Classical, Jazz, Rock...etc). If they are Rock, I'd be glad to give you some idea what they are worth. As others have mentioned condition is very important. If they are really beaten up or scratched it's unlikely they are worth much.


You might also check out the Popsike.com website which gives you prices of albums which have sold recently. Or you can use ebay's advanced search and check "completed listings" to get an idea how much items actually sold for.


I'd be very careful to not just sell them for pennies until you know if they are worth anything.
If you have the time and energy you definitely will want to sell them on Ebay or craigslist rather than to a record store.


As a former record buyer at a store for almost five years I can tell you that a shop will always pay you as little as possible.


I remember paying $4-$5 a pop for MFSL records and then turning around and pricing them out at $50-$100 each.


The fact is that 99% of records really aren't worth much these days since everyone's grandma has an attic full of classical/easy listening records but those rarities will fetch a pretty penny if you have them and they are in good shape.
From what I recall - the labels that are worth some $


Mobile Fidelity Sound Labs

Sheffield Labs

Opus

Three Blind Mice

Chesky

"1/2 speed masters"

Mercury (select old ones)

RCA (xxxx dog)


If there are less than say 400 - 500 records, I would spend 3-4 hours and make a list of the label, artist and album. The exercise may yield some gems and also it will make it easier to sell as a lot as the buyer will know exactly what you have.
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In general, labels (as in company names) aren't what makes a record valuable. There are Blue Notes that are worth $5000, and there are Blue Notes that aren't worth $5. (And it can matter a lot which label is actually pasted on the disk!)


But Eric's suggestion about a list is a good one; the more you can document what you have, the more interest you're liable to get from collectors.

Quote:
Originally Posted by EC /forum/post/12852824


From what I recall - the labels that are worth some $


Mobile Fidelity Sound Labs

Sheffield Labs

Opus

Three Blind Mice

Chesky

"1/2 speed masters"

Mercury (select old ones)

RCA (xxxx dog)


If there are less than say 400 - 500 records, I would spend 3-4 hours and make a list of the label, artist and album. The exercise may yield some gems and also it will make it easier to sell as a lot as the buyer will know exactly what you have.

This is REALLY not true. The most valuable records are the great performances that the record collectors are after.


While the Merc Living Presence series is valuable, as is the RCA Shaded and White Dogs, the value is also highly dependent on the pressing. Also, many were pressed first in mono and later in stereo and the mono versions are not very valuable. Value of these can be hundreds to thousands while most newer audiophile labels like Mobile Fidelity bring far less. The same performances on some of these big labels was sometimes also released on small no-name labels or European labels making some oddball records very valuable.


I once bought a sealed RCA Shaded Dog of the Ansermet Royal Ballet Gala for $5 at an estate sale and sold if for $700. You gotta really know what you are looking at, most people would have passed by that record and many others that are very valuable to the people that are willing to pay the most.


And I wish I hadn't sold that record
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maybe I shouldn't have made such a blanket statement. I didn't want to get into the details thus I suggested the list. Generally speaking I would say the labels I mentioned will bring a higher value than a "standard pressing". So if the OP's dad had a lot of "audiophile" type labels / pressings I trust he should get more than the say 10 cents per record or whatever they are offering. For example, I have many Mobile Fidelity Sound Lab Pressings and they will vary in value:


Spandeau Ballet - bupkiss but probably worth slightly more than the top 40 standard pressing


Beatles - Sgt Peppers - sealed - it is worth some $ (haven't checked)


Rickie Lee Jones - mint - one of my friends say he saw the same pressing for close to $1000.


Definitely the performance, history, rarity, condition etc are all factors.


smakovits,


What kind of turntable, arm, cartridge did you dad have? This may give us an indication if he was an "audiophile" and thus there is a better chance that you have the "audiophile" labels.
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OK, this is some very helpful information...I am actually going to my dads place tomorrow afternoon so I will see what to do with the records, because I my mom and sister work every day, I may employ grandma giving her the task of making a list on maybe excel (Artist and album). Then from there if people see the list can ask more info about the label and such...If I were to guess, there might be some classical and Jazz but more than likely there will be more Rock judging by what dad used to listen to around me, but I will wait and see. I will keep all posted. and to put a date on it, My father was 60, born in '47



To add to the fun, I just spoke to my mom and while there are 500-700 33s she claims there to be over 1000 45s. On top of all that, do VHS tapes have any value any more these days? and what about 8-track tapes? Or is that a whole new topic for other folk?
My point more generally is that the "audiophile" labels may bring more, as in say $50 for a MoFi here and there. But those aren't the really valuable stuff.


The really valuable stuff is more obscure to the casual collector. Value of pop and audiophile label stuff has dropped in the past 5 years and value of jazz and classical has skyrocketed as a HUGE quantity of it is being bought up by Asians and leaving this continent.
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If he was buying jazz in the 1960s, he might have a few gems in there. But rock albums from the 70s are not going to make you rich.


One thing to keep in mind is that a given record in a given condition has many values, depending on the market you're trying to sell it in. Your local music store might give you a dime. You might get a better price for the lot from a collector through craigslist. You could charge maybe $.50-$1 and unload a fair number at a garage sale. Sold one at a time, you might get a few bucks on eBay. Sold in lots, you won't do quite as well.


So part of the question is, how much work are you willing to put into maximizing your return here?


As for 45s, my impression is that there is very little demand for non-rarities. Don't know about VHS, but I wouldn't get my hopes up. Eight-track? What's an eight-track?
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Quote:
Originally Posted by Harrypt /forum/post/12859371


Value of pop and audiophile label stuff has dropped in the past 5 years and value of jazz and classical has skyrocketed as a HUGE quantity of it is being bought up by Asians and leaving this continent.

This is good to know - I haven't kept track of the Vinyl market in decades. I might have to start liquidating some of the staples back in the day like "Jazz at the Pawnshop"
Your dad died and you're only 27? That's a bummer.
It's a bummer no matter how old you are when a parent passes away.
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see if there are any Quad albums
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