Condition: The condition of the albums is crucial in determining their value. Look for records that are free from scratches, warps, or other damage that may affect the sound quality. Check the album covers for any tears, fading, or stains.
Rarity: Consider the rarity of the albums. Some records are more limited in quantity and may have higher value. Check for first pressings, limited editions, or albums that are out of print.
Artist and Genre: The popularity of the artist or band and the genre of music can influence the value of the albums. Albums from iconic artists or bands, or those in popular genres, may command higher prices.
Pressing Information: Look at the record labels for details on the pressing. This information helps you check if the record is of a first press, and which record company did the pressing, this information has an effect on the price.
Demand: The current market demand for records and specific artists also affects pricing. Certain genres, such as classic rock, jazz, and soul, may be in higher demand and thus have higher value.
Completeness: Complete albums with original artwork (sleeves, inserts, and posters if applicable) are worth more than albums without them. Check if it includes inner sleeve, insert, or any other item originally issued with that record.
Market Trends: Stay updated on the current trends in the record collecting community. Online marketplaces, record fairs, and auction sites can provide valuable insights into the market value of specific albums and collections.
Here are some additional tips for finding the value of old LP records:
- Use online record price guides and databases to get an estimate of the value. These often list prices based on condition and rarity.
- Consult with a record dealer or expert for a professional appraisal. They can provide a more accurate evaluation of the collection based on their knowledge and market trends.
- Sell your records through reputable platforms, such as dedicated online marketplaces or physical record stores. Collectors often seek out quality records in these places.
Remember, the value of records is subjective and can fluctuate based on various factors. It's always best to do your research and consult with knowledgeable sources.