Wednesday, July 11, 2012

How and Where to Sell Old Phonograph Records

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Have you studied your Abcs lately--that is Attics, Basements and Closets? They could yield up some extra money and free up some requisite space in your home for other uses. Lps (long-playing 10 and 12 inch discs, playing at 33 1/3 revolutions per minute), 78s (easily breakable discs, playing at 78 revolutions per slight with one tune on each side) and 45s(7 inch discs playing at 45 revolutions per minute) may be valuable.

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Record collecting as a hobby is just beginning to grow after many other collectibles have been prominently featured in antique market and the media. It is not an high-priced hobby to establish, but disposing of them can be high-priced in many ways.

How Do You recognize Value

Many people think that just because a description is old that it has great value. Very few records have any real value to collectors or dealers. Value is based on a mixture of three factors -

(1) supply and demand. How ready is the record? If millions were initially sold it is likely that many will turn up in thrift shops, used description market and in many homes. The scarcity factor must be present. There must be a quiz, for that description because of the artist performing (e.g. A major talent who died young and before being able to make many records), the label on which it was recorded (the traditional recording as noteworthy from a "reissue"), or an oddity with regard to the record(e.g. A V-disc, wartime government recording or aircheck-taken from a radio broadcast, an traditional picture disc or a 10-inch Lp). The scarcity factor can also be affected by either a description is "out-of-print"(no longer ready from the manufacturer) thereby decreasing the supply. "Bootlegs" (records illegally produced from live concerts or broadcasts) are also requisite to collectors.

(2) health of the record. Those with exterior noises and scratches will be of slight or no value. If it is in "mint" health (perfect) or "near mint" health it will have the top possible value. A description in "very good" health should not have any distorted sounds or loss of sound quality. "Good" means it may have some imperfections, but can be readily enjoyed. "Fair" means it can play, but will have determined sound impairment and detract from your enjoyment and the value of the record. Some dealers may have a slightly different grading scale.

(3) article of the recording. Commonly speaking there is more interest in music than in spoken word or comedy records and the value therefor would be greater. determined kinds of musical recordings bring high sales prices. Jazz, traditional Broadway cast and movie soundtracks tend to supply a more active shop and greater value. Also early rhythm and blues records and the doowop sound are also extremely valued and collectible. Among classical records the most requisite are orchestral performances, then solo instrumental, room music and concertos and solo vocal and operatic arias and ultimately complete operas. To some collectors, either a description is mono or stereo affects the value. Recently a shop began developing for rock records of early vintage, especially those of deceased cult figures such as Jimi Hendrix, Janis Joplin and Jim Morrison. Also, brisk trading now occurs among collectors of 45s, especially among the 1950s rhythm and blues and early rock artists. Great interest maintains in rare and unusual (foreign issues, etc.) in Elvis and the Beatles. However, most of their records have slight value because so many were produced without any distinguishing characteristics. In other words they were all the same.

Who Will Buy Your Records?

Records are purchased by collectors, mail order dealers, used records market and the normal public, sometimes on a nostalgic impulse or because of a popular artist. For truly rare records the best prices will come from dealers who know the shop and for how much they can resell them. Collectors are emotional and sometimes fanatical collecting their specialties. They may pay top prices for single idiosyncracies. It is unusual to get top dollar for a rare description from the "general public', where only the doing value is recognized, not the resale or trading value. Painstaking research and knowledge of the description business and its artists is required to decide the value of a single recording. It may be possible to decide a value for a "rare" description once you have carefully that it is truly rare.

What Will They Pay?

Most records that are not "rare" can bring only pennies - 25 cents to a dollar - from dealers. The "general public" may pay or . Rare records can bring from to the thousands. There are a amount of price guides published, but values indicated are Commonly extremely inflated or based on an isolated sale. Obviously, collectors and dealers want to read that records can bring high prices. Remember, value rests in the mind of the buyer.

How Do You Find A Buyer?

A buyer for every description you wish to sell probably exists somewhere in the world. How to find that person is a big problem. It is not uncommon for people to inspect old records in their homes and hike to spend many dollars (far in excess of the eventual e record) and untold hours in race of a buyer. It can become very frustrating and sometimes obsessive. Expectations practically all the time exceed reality.

Records can be sold by advertising - in local classifieds or collectors' publications, by selling to local used description stores, selling at flea markets or bazaars or by promoting a carport sale. Start by cataloging the records. List the artist, the title of the record, Lp, 45 or 78rpm, the description catalog amount and its condition. Take the list to a description librarian and some used description market for offers and indications as to rarity. Talk to friends and associates.

Selling involves prospective buyers visiting your home. Or, you may have to pack and cart the records to a store for a price quote and no sale. Damage in transit can make them worthless. Out-of-town prospects requires mail correspondence, packing, insurance, carting to the post office, placing postage and sending C.O.D. The buyer may refuse to accept upon receipt.

©2007 Howard E. Fischer

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