Before Spotify, Apple music and other music streaming apps people owned CD’s. Before CD’s people listened to tapes and Vinyl records. To me there was nothing better than holding in your hand a brand new Vinyl Record of your favourite artist or band. The thrill of rushing home and putting the needle down and hearing the crackling of the music was music to my ears. Now we don’t have to leave home and we get crystal clear music within minutes. I’m sure you will agree though its just not the same. For one you can’t show off your collection with pride.
Know What You are Selling Before You Sell It
Today I want to present a Vinyl Record Collectors Guide, because let’s face it there is probably many of us out there who have something rare in there record collection and don’t even know it. Your Mother and Father might have collectors item hiding in the cupboard collecting dust. So let’s explore some of the rare vinyl records out there and ways you can get them valued.
First of all let me tell you about a Canadian record collector named Warren Hill who discovered a rare Velvet Underground album being sold at a street sale in a Chelsea neighborhood in New York City. Unfortunately the owner didn’t know the value of this rare item and sold it for 75 cents. The album was the Underground’s debut album, but not the one featuring Andy Warhol’s famous Banana, but rather an Acetate test pressing featuring early versions and mixes of songs that in different forms would eventually appear on the finished album.
The disc had handwritten labels and came in a plain brown sleeve. The seller of this rare collectors item probably thought he got a fair price at 75 cents from looking at the item but Warren Hill ended up selling the album on eBay for a crazy $25,200. Crazy right! I’m sure there are other examples of this out there and I think that’s why it is so important to know what you’re selling before you sell it. So how do you do this?
What Is Your Collection Worth?
Now I am sure that most of your Vinyl records you own you will probably be lucky to get 75 cents for, but there just maybe a chance you or someone you know has that rare collectors item that a collector out there would love to get his hands on. You can easily do this online, there is so many websites out there that will inform you of the value of your collection. One of my favourites is Discogs, probably the best in terms of how easy it is to use and amount of available information it provides. Discogs provide you with a barcode scanner via their app. Here you can easily scan the barcode on the album to get the albums release information immediately.
If the album doesn’t have a barcode then not to worry you can fill out the details on the app or website. Once you have the albums release information than all you need to do is provide the catalogue number to find out the value. The catalogue number will either be found on the spine of the album or on the back cover. The catalogue number is often found in more than one place, both on the outside of the album and on the disc itself.
At Discogs they even provide a shortcut if you want to find the value of a collection of albums. You can get all this information on Discogs Website. Like I said though there are many other websites that will provide you with a same information in a similar way if you would prefer to try somewhere else.
Buying and Selling Collectible Vinyl Records.
If you’re keen to start collecting vinyl records as an investment, or you think you own one or more rare valuable collectors items but aren’t sure how to sell it than let me give you some tips.
- First of all the condition of the album is extremely important for both buying and selling.
- You don’t want scratches on the album itself and the cover wants to have very limited damage if none at all. You may still get a good price for collectors item with a little damage but mint condition will always get more.
- If you feel that the record is something you want to sell, I’d recommend taking it to an auction house specializing in Vinyl Records as they are going to be able to give you expert advice and help you sell the item at the best price. This is because auction houses get paid by commission, so the more you get the more they get. Let’s face it eBay still charge fees for selling items on their site and you don’t get the peace of mind.
- Even when buying a collector’s item your best bet is a specialized auction house that is reputable to protect you from being ripped off.
- Vinyl Records that have been signed by the Band or Artist are of high value and will be worth a lot more.
- It still doesn’t hurt to look on eBay or Yard sales when buying, like I said some people have no idea what they are selling and what it is really worth.
- When buying at an auction house always check that the record has been catalogued with an official condition grading. On more expensive vinyl records, the sleeve, inner sleeve and record itself should all be graded separately.
- The popularity of the artist or band is very important. Artists in the rock, blues, jazz, classical and soul categories tend to be much more in demand than those in the easy listening, country, spoken word or comedy categories.
For More Information On Vinyl Records Collecting Watch Video Below.
Discogs Top 10 Most Expensive Albums 2019.
If you have any of these in your closet or if you know someone who does I recommend you get it valued and insured because you have in your possession a very expensive collectors item.
10. Röyksopp – Melody A.M. Previously sold for $8,025.04
9. Billy Nicholls – Would You Believe Previously sold for $9,851.06
8. The Beatles – Love Me Do. Previously sold for $10,472.89
7. Pink Floyd – Ummagumma. Previously sold for $13,845.84
6. Sex Pistols – God Save The Queen Previously sold for $14,680.20
5. The Beatles – Love Me Do. Previously sold for $14,845.17
4. Prince – Black Album Previously sold for $15,000.00
3. Ferris Wheel – Supernatural Girl Previously sold for $15,001.77
2. Sex Pistols – God Save The Queen Previously sold for $16,125.18
1. Prince – Black Album Previously sold for $27,500.00
I found it interesting that The Beatles Love Me Do, Sex Pistols God Saved The Queen and Prince Black Album appeared twice at different prices. Just goes to show condition as well as other factors can play a significant part in the value of each album.
I have always enjoyed collecting things and albums have played a big part for me. There is a lot of fun in looking for the hidden treasure at a yard sale or on eBay and just like Warren Hill, you maybe lucky enough to find it. We all know someone who has a large collection of albums, or you might be a collector yourself but don’t know the value of your collection.
It’s easy to get that information and might be worth doing. If you are like me and enjoy the hunt then I recommend looking on eBay for that bargain or your local market or yard sale. I hope this article has helped you and as always please leave any questions or comments in the comment section below.