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 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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