What determines the price of a vinyl record?

The world's most valued vinyl record is estimated to have a value of 40 million kroner, at the same time record dealers go and throw thousands of records on the tip that are completely worthless, how come there can be such a large variety?

The value of LPs is normally determined by condition, pressing, edition, release date, record label, demand and supply. The combination without these determines how much a collector is willing to pay for a particular record.

Below we explain the concepts in a little more detail.

The condition
The condition of the LP and its cover/case has a great influence on the price, the record cannot be listened to, it cannot be sold. Both vinyl records and their sleeves are graded according to the following scale:

  • Excellent condition
    • Mint (M): Unused, in perfect condition
    • Near Mint (NM / M-): Near perfect condition, played a few times
  • Very good condition
    • Very Good Plus (VG+): normally valued at about half the value of Mint
    • Very Good (VG): some scratches may appear on the media and some wear on the envelope, but the disc is in good playable condition
  • Good condition
    • Good Plus (G+): Disc that crackles and crackles, conditions a value of about 10% of the corresponding disc in Mint condition.
    • Good (G): In this condition, the discs are very difficult to sell unless it is a really rare disc
  • Poor condition
    • Fair (F): Barely playable and worthless
  • Unusable condition
    • Poor (P): Unplayable and can be discarded in good conscience



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