| Have some old records put away somewhere
in your attic? In your basement? Somewhere else? This page provides general
information on assessing a collection of records and determining whether
you have a real goldmine or just the same old records everyone else has

How
Much Are Your Old Records Really Worth?
General
Information on buying, selling, values, etc
Please don't send E-Mail or call
to discuss the value of your record collection or unique items you own.
This is what "Price Guide" books are for.
Continental Records only purchases
brand
new 45 RPM records. If you have a large quantity (400 or more) of brand
new 45s to sell, please contact us for the best price.
Continental Records does not buy
used
45s or any LPs/12". If you have such vinyl to sell read the
information we provide below on selling your records.
If
your product is complete, the value will be high
When 45s were originally purchased
they usually had manufacturer's paper sleeves. 45s with these original
manufacturer's sleeves have a slightly higher value. If you don't have
any sleeves on your 45s shame on you. This is critical for resale and it
is one of the first questions a dealer will ask.
Many 45s were issued with "picture
sleeves." A 45 RPM picture sleeve is almost always worth more than the
record! If you have 45s with original picture sleeves the records
(with the sleeves) are usually worth three or more times the normal value
of the 45 (in excellent condition) by itself. Almost all rock and roll
and rhythm and blues 45s with picture sleeves from the 1950s (even the
most popular records and artists) have values that exceed $10.00 per record.
Some have values over $100!
EPs (45s with 4, 5 or 6 songs) were
popular items in the 1950s and early 1960s. They were almost always sold
with hard cardboard sleeves similar to LPs. If you have EPs and they are
missing the original jacket, then the price will be greatly diminished.
If you have rock and roll and rhythm and blues EPs (with original cardboard
picture sleeves) from the 1950s and early 1960s in excellent condition
you really do have a goldmine. Some of these
items have values that exceed $1000
per record!
LPs have always been sold with hard
cardboard covers. If your LPs don't have covers, don't expect any
value.
Lastly CDs are sold with inserts.
Don't lose them!
Condition
is paramount
Most records were played and enjoyed.
Records were taken to parties, passed
around and handled a lot. Sleeves
were often lost for 45s and conditions deteriorated. If you have popular
artist (Beatles, Beach Boys, Ames Brothers, Jimi Hendrix, etc) records
(45s or LPs) from the 1950s through 1980s and they are in noticeably
used condition (scratches, marks, heavy writing on label, grey colour
plastic, etc.) they have very little value
Want a really good example of the
above? Almost all the Beatle 45s were issued with picture sleeves. Virtually
millions were produced in 1964 and 1965. If you have (even the most common)
Capitol 45s with Beatle picture sleeves (in brand new condition-- both
record
and picture sleeve) the value will be more than $100 per
record! Less common 45s (Swan / VJ / etc) even without picture sleeves
(but in pristine condition) often command $200 or more! However, if you
have the same 45s in poor condition without sleeves, they
only have a value of about $1!
LPs can be in noticeably used condition
on both the record and the cover. The more writing on the cover of an LP
- the less the value. Obviously if the cover is damaged or noticeably used,
the value will be poor
Dealers that carry them often sell
(at record shows) used 45s described above for $1.00
or less each.
LPs are often sold for $2.00 to $4.00. See below for what dealers pay
for
such used records
The best value on obviously
used records described above is not what money they will fetch but the
enjoyment you can still get from them - continuing to play them, enjoying
the music and remembering the moments
Scarcity
determines value
During the height of the record era
from the early 1960s through the 1970s record companies in the USA produced
and released more than 10,000 differerent
records every year! Of
these, only about 200 single records and another 200 LPs were charted in
the top 30 and were played regularly on popular radio
Generally speaking the records that
people bought most (the 400 mentioned previously) have the least
value. And the other 9,600 records have more value.
In the 1950s and in the early 1960s
(before the Beatles) teens purchased records they heard on the radio in
45 RPM format - they wanted the song - not necessarily the artist. However
every record company issued LPs by their most popular teen artists (e.g.
Crystals, Frankie Ford, Bill Haley, Isley Brothers, etc) in the 1950s and
1960s even if they didn't sell well at the time. Because these LPs are
relatively rare (Often less than 10,000 copies sold), they now command
big prices. Even the most popular teen / rock and roll LPs from 1954 to
1963 often sell for $50 or more now when in excellent condition (record
and cover) and if they are in stereo you can quadruple the price.
Even rarer are Rhythm & Blues
LPs from the 1950s. The (often small) record
companies that issued these LPs
had relatively poor distribution, and the main buyers of R & B records
didn't have much money in the 1950s. Many were issued with only 1000 copies
pressed. Many such LPs now sell at prices exceeding $1000 per copy when
in excellent condition.
Fans
keep prices very high
Even the most common records by the
most well known artists can have a high value if the artist has millions
of fans that want to own everything by the artist or group.
Examples of the above are records
by the Beatles, Kiss, the Rolling Stones, Frank Sinatra, Elvis Presley,
the Beach Boys - even Britney Spears! For instance, some less-common commercially
issued Rolling Stones 45 RPM picture sleeves have values that exceed $1000.
For those of you that own old records
by artists that used to have millions of fans such as Bing
Crosby, Eddie Cantor or any other previous to 1950 artist the "window"
for high prices has gone with the fans.
True
Stereo Records
Record companies have been recording
in stereo since the early 1950s
All 45s manufactured by all labels
after 1970 were pressed in stereo. However many labels selectively pressed
45s in stereo between 1957 and 1970. These early stereo 45s (especially
1950s) have values up to 10 times the mono releases.
Almost all LPs manufactured by all
labels after 1970 were pressed in stereo. However many labels selectively
pressed LPs in stereo after 1954. Early stereo LPs (especially 1950s) have
values up to 4 times the mono releases.
History
is important
History does
not mean age
of the record. Does the record itself have a history? Items with high values
are often records that fill spots in a historical era - some examples:
-
The roots of country music (early 30s
and 40s country artists - often called "hillbilly."
-
The history of rock and roll - 1950s
Rhythm & Blues or rockabilly,
-
Girl groups of the 1960s,
-
Motown (early Berry Gordy productions
on UA label, or other not so popular Motown releases),
-
Answer records - even if not popular
(I'm the Girl from Wolverton Mountain, the Duchess of Earl, etc),
-
Hollywood in the 1960s (Sound Track
LPs),
-
The history of electric guitar (early
Les Paul), or,
-
Just to complete a collection on a certain
artist (early Jan and Dean on Arwin label or their 1970s records on the
Ode label), Frank Sinatra (on Columbia) etc.
All the above are just a few
examples - there are 1000s more!
Record
age or era
Many people think that the older the
record, the more it is worth - this is rarely true. In fact, generally
speaking, most popular records manufactured before 1946 have very
little value except sentimental value to the owner. Its a fact that there
are are very few collectors of very old recordings - and most "sound museums"
already obtained all the very old recordings they needed many years ago.
On 78s for instance, the most recent
78s - manufactured in the late 1950s (rock and roll items in particular)
often fetch the highest prices. Other 78s of significant value include
Rhythm and Blues records of the 1950s and earlier - especially on small
obscure labels and Hillbilly (very early country) records of the 1930s
and 1940s. For more details on rare old 78s see the Nauck web site at http://www.78rpm.com
Rhythm and Blues (any manufacturer,
but the more obscure the label the better) from 1948 through 1959 traditionally
have the the highest value of all collected records. There are lots with
with values over $100 and many over $1000. A few have sold for more than
$10,000! Click
here for a sample listing of values of R & B (45s, 78s & LPs)
records by the group the Flamingos from the 1950s.
How
are high prices for records determined?
No matter what recorded product you
own there are buyers out there for what you have that determine its "book",
or "appraised price." Its just like so many other items, if there are a
lot of buyers, the price goes up - not so many, the price will be low.
Few of the records on the marketplace, the price goes up - lots for sale,
the price goes down.
Because the numbers of buyers (or
collectors) determines value it makes rock and roll records expensive -
records before and after the rock and roll era cheap!
"Values"
vs "Selling Prices"
Book value or appraised price of
any item whether its a car, a house, a diamond ring, an old Barbie doll,
antique tin soldiers or records does not necessarily always mean the selling
price you are going to get. Its a guide for an approximate value
only.
In most cases book value is the highest
price a dealer can possibly sell the item for. In order for you to get
the same selling price you must find a buyer willing to pay the same price
- usually a collector.
Dealer
"Buying Price"
If you are planning to sell your
items to a dealer here is an important item to remember. Generally, the
higher the book value, the higher percent a dealer will usually pay for
your items. On very high priced items (>$1000) you can often get 50% or
more. The percent continually decreases as the "book" price gets lower.
This is the same with every type of collectible, not just records.
On the most (non rare) popular records
issued in the 50s, 60s, 70s and 80s the dealer buying price is often as
low as 10% of the "book" value. This is because the dealer probabably already
has all of your records and rarely obtains the "book value" when he resells
the product.
An example. We only sell
brand new 45s here from the 50s through 90s. Many of the 60s through 80s
45s are original pressings and many have book values exceeding $5
per copy. Some have book values above $10 each. And yet we still sell these
original
pressing 45s for US$3.95 / CDN$3.95 each!
If you want to get the absolute best
price from a dealer, ensure you contact the dealers that specialize exactly
in the the type(s) of records you are selling. There are mail-order specialists
for every type of format (45s, 78s, LPs, Edison cylinders, etc) and specialists
for every type of category (rock & roll, reggae, soundtracks, original
cast, jazz, etc). The specialists know the customers that will pay the
most for what you want to sell them and as a result can offer you the best
price. See "Goldmine" below for more details.
Places
to Sell Your Records
Remember,
if you have used records of the most popular songs or artists their value
is always very low - often less than $1.00 each. Your records may not be
worth the all the work or time to list them, sell them, package them or
ship them. Once you have decided what records you own that have some potential
value you can sell them. The most popular methods are E-Bay, Discoveries
or Goldmine Magazine.
E-Bay
If
you use E-Bay, some records you list will be bid upon by E-Bay users -
many of the others (the most common titles) will not be bid on at
all!
Discoveries
Magazine
Discoveries
magazine was purchased by Krause Publications (Goldmine Magazine) and has
subsequently closed. Most of the content was moved to Goldmine.
Goldmine
Magazine
Another
method is selling them (all at once) to one of the used record dealers
listed in Goldmine Magazine. Their web site is http://www.goldminemag.com
It is suggested you obtain several issues of their magazine as the magazine
lists hundreds of used record dealers that are not listed on the Goldmine
web site. Many of the biggest and oldest used record dealers are not internet
"savvy" and have no web site or E-Mail at all!
Record
& CD price guides by Jerry Osborne
An avid collector of records for
over 38 years, Jerry Osborne has also worked full-time as an author of
record price guides and reference books since 1975. In the 24 years since
work began on his first Record Collector's Price Guide, the number of Jerry's
published works on music now stands at 69 books and more than 150 periodicals.
As busy as ever, he continues to produce several books per year.
Among other music-related ventures,
Jerry has, since 1986, written the popular, weekly newspaper feature, “Mr.
Music.” This entertaining and informative column, distributed nationally
for 12 years by World Features Syndicate, answers readers' questions about
music and records.
The rest of Osborne's past is also
saturated with music. Upon graduation from high school, he began a 14-year
career in radio and television (1962 -1976) as an announcer, or dee jay.
Jerry founded and published three collectors news and marketplace magazines:
“Record Digest,” “Music World” and the still-popular “DISCoveries.” In
the mid-'80s, he published “The Osborne Report,” a monthly newsletter covering
new releases.
   
Among the books he publishes are
pricing guides to Elvis, the Beatles, Country Records & CDs, Collectible
CDs, guides to Movie Soundtracks & Original Cast albums, $Money$ Records
and the largest one - The Official Price Guide to Records (published
yearly).
The cornerstone guide of any record
appraiser's library, Jerry Osborne's Official Guide
annual is the
world's most popular record price guide. The recordings of
approximately 50,000 different artists
are included! This edition has everything you need to know to price practically
every disc you own: singles (33, 45, & 78 rpms), albums (10-inch &
12-inch), picture sleeves, and more. Loaded with plenty of great photos.
Covers pop, rock, country, jazz, blues, and a little of everything else
— from 1902 to present; from the very popular to the very, very obscure.
Nearly 800 pages! Prices OVER ONE MILLION RECORDS! Plus, has a Buyers-Sellers
Directory to make dealing easy — regardless of whether you want to buy
more records or sell the ones you have.
New in this edition — slightly
larger type, making it easier to read!
If you're looking for individual
pricing on records or CDs this book will provide all
the answers ! Sorry, we cannot tell
you if a unique item you own is listed in one of the books. If your item
has any value - IT WILL BE LISTED!
Click
here for a sample listing from Jerry Osborne's price guide showing
values of a 1950s artist/group (Flamingos) with many records valued at
more than $1000 each - one at more than $5000!
Click
Here For a Listing of all of Jerry Osborne's Price Guide Books
(Jerry
Osborne's Site)
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