Most 45s measure seven inches in diameter and gained popularity from around 1949 to 1989. While some may only fetch a few cents, others command prices in the hundreds of dollars. Whether you're a passionate collector or simply have a few records lying around, there are numerous methods to prepare your collection and maximize their value.
Steps to Follow
Getting Your Record Collection Ready
Determine Rarity and Value: It's crucial to ascertain if your record is a rare find as this significantly impacts its monetary worth. Look for rock and roll and R&B 45s and EPs with their original sleeves, or first pressings of albums. Here are some indicators of value: Rock and roll and R&B 45s with picture sleeves from the 1950s typically start at $10, with many fetching over $100. EPs, produced in the 50s and 60s, are valued at a minimum of $20, with some exceeding $200. First pressings of albums hold more value compared to subsequent pressings, often referred to as the 'originals' purchased when the record first debuted. Subsequent pressings can often be identified by differences in the cover or label color.
Evaluate the Condition: Assess the condition of your records using the Goldmine Standard, which ranges from mint to fair. Play grading and visual grading are used to judge condition. Seek assistance from professionals if needed, both online and in music stores. When play grading, listen for needle wear, scratches, bubbles, or other defects. Use a lumen light source to inspect for visible defects on both the vinyl and sleeve. Avoid selling records with missing sleeves, excessive noise or scratches, or writing or tape on the sleeve or label.
Organize Your Collection: After selecting which albums to sell, create a catalog listing the album title, artist/band name, and condition. Include pertinent details like rarity, first pressing, etc.
Determine a Reasonable Price
Utilize Online Price Guides: Refer to online pricing databases to obtain market-value reports for records of various conditions. Websites like iGuide, maintained by collectibles expert Jon R. Warren, offer valuable insights into record values.
Check eBay for Comparable Listings: eBay's item price estimator feature allows you to find the price of a record based on the average selling price of similar items. Visit the seller center, log in, enter your item's name, and click 'look up' to access this tool.
Consult an Appraiser or Collector: When seeking an appraiser or collector, ensure they hold certification from reputable organizations like the American Society of Appraisers, the Appraisers Association of America, or the International Society of Appraisers. Fees typically range from $200 to $400, with the expert providing a detailed written report on the records and their current value.
Select Your Sales Platform: Choose from various online and local options for selling your records, whether individually or as a collection. Consider platforms like Craigslist, eBay, or specialized sites such as Goldmine.
Compose Detailed Descriptions: Provide comprehensive information for each record, including album name, artist, track listing, release label and number, and condition. Highlight any special features such as rarity or first pressings.
Take Clear Photographs: Capture clear images of the records using a high-quality digital camera. Include shots of the front and back of the sleeve, as well as the album itself, against a neutral backdrop. Avoid using flash to prevent reflections.
Establish a Reasonable Price: Base your pricing on thorough research, considering factors like eBay listings or professional appraisals. Allow room for negotiation, especially if selling on platforms like Craigslist, and set a minimum acceptable price for auction-style listings.
Provide Contact Information: Ensure potential buyers can easily reach you by including your contact details, such as email or phone, on the selling platform. This facilitates communication for finalizing sales and payment arrangements.
Useful Tips
- Consider visiting local record stores to gauge interest in your collection. While some may focus on current media formats, they can offer insights or refer you to other dealers if they're not interested. Additionally, set up a PayPal account for secure online transactions.
Important Warnings
- Avoid accepting personal checks as payment, as they may lead to complications. If accepting them, allow sufficient time for the check to clear, typically at least 10 days, to avoid potential issues.
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