A Brief Guide to Determining the Value of Your Record Collection
By 5J Music
Your collection of vinyl albums is filled with great music and memories, but it may also hold great value. Assessing an album collection can seem overwhelming, but with some helpful tips and a little time, it can be a fun and informative process.
Steps to Assessing a Vinyl Collection
1. Set Up a Workspace
Use a clean, flat area with plenty of room and good lighting. Having task lighting with high lumens is essential to see any markings or scratches on the album easily.
2. Identify the Release Batch
Vinyl albums are typically created in separate batches. Some albums have had hundreds of batches, while others have relatively few. If you have an album that was released in an early batch, it is much more likely to have gained value. To determine this, first, find the catalog number and then compare the different release covers with the one you own.
3. Grade the Condition
Determining the condition of your record involves a few factors. The standard for record condition that is commonly used when buying and selling albums is the Goldmine Standard. First, inspect the record sleeve and cover for any damage. This includes water damage, tears, or discoloration. Next, check the record itself. Look for scratches, no matter how small, and note those. You can then use the Goldmine Standard to help you determine the grade of your albums.
4. Reference Prices
There are many online pricing guides where you can check your albums. Pricing guides will include the information that you've already gathered, such as batch variant and Goldmine grade, for you to get the most accurate value of your albums.
5. Store Properly
Whether you are planning to sell your albums or hold on to them, knowing how to store them to protect against future damage is essential. Keep them away from direct sunlight as UV rays can warp albums over time. Store them somewhere dry and cool or at room temperature as heat, humidity, and cold can all cause damage. Finally, never stack items on your records, as pressure and weight can cause cracking.
If you're looking to add to your vinyl album collection, head over to 5J Music in Elko, NV. For over a quarter of a century, they've been the perfect place to find music items, instruments, and gifts. Their knowledgeable staff is always eager to help a fellow music fan. Call (775) 778-0484 with questions about specific items or visit their website to learn more about them. You can also follow them on Facebook for updates.