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Managing Expectations, Exercising Common Sense and Respect for Reality
Question: Are vinyl records really worth a fortune due to their rarity?
Answer: While social myths often inflate the perceived value of vinyl records, the truth is that most are not highly valuable due to the sheer volume produced globally over the years. When considering selling your collection, it's crucial to keep expectations realistic, as many records, especially common past and popular albums, hold negligible resale value. For a fair and reality-based valuation of your collection, contact VinylRecords.Pro for an honest assessment and potential cash offer tailored to your records’ true worth.
Relax, Don't Freak Out...
High Integrity: Respect for Viability and Value
As vinyl record collectors, we often encounter individuals influenced by social myths into believing any old vinyl record is worth a fortune. Below, we share several recent stories for educational purposes; to help everyone manage their expectations and maintain a proper regard for truth and common sense. For instance, in a 2023 phone call, we had to advise someone from Elliot Lake to seek immediate help as they were experiencing severe distress over a record collection, indicating the intense impact these myths can have.
Respectfully, please understand that there are billions of vinyl records on the planet. Like Frankie said: "Relax".
NOTE: It is important to respect that both past and currently popular (common) vinyl record albums are available in large quantities, sometimes in the millions, including both old and new pressings from numerous stores and resellers across Ontario and thousands of sellers on Discogs and eBay worldwide.
- In December 2019, we received a call from a man in Toronto, Ontario, who was near hysterical, believing his copy of Led Zeppelin's second album could be worth millions. He claimed the record, which was actually water-damaged, worn, and not signed by any band member, was given in trade for some debt with a friend decades ago. After a conversation, we had to adjust his expectations significantly, explaining the record's true, negligible value due to its condition.
- Another call in December 2019 came from a distressed man in Oakville, Ontario, hoping to sell two Beatles records for $300 each to pay his mortgage. These records turned out to be common 1980s North American re-issues with purple Capitol Record labels, worth only a few dollars each in good condition.
- In October 2019, a man from Cobourg, Ontario, who spent $160 on old records hoping to profit, contacted us. Upon inspection, these records, stored in a garden shed and in poor condition, literally with clumps of dirt and small vegetation growing from the pile of records; worthless, and a stark reminder of the reality that records need to be in reasonable condition.
- A call in June 2021 from a young man in Oshawa, Ontario, revealed a frantic belief in the immense value of his grandfather's old country and western records. Despite his enthusiasm and subsequent aggressive calls spewing F-Bombs at us, we had to decline interest due to a lack of value in the collection as described.
The reality is, with billions of records produced over the last century and many still in circulation, the chances of stumbling upon a highly valuable record are slim. Despite the persistence of social myths, finding a vinyl record does not guarantee wealth. With over fifty million records/items listed on Discogs and similar numbers on eBay, Amazon, and Walmart, plus an estimated five hundred million in resale/used record store inventories globally, it's crucial to approach vinyl collecting with a grounded perspective.
We look forward to discussing the real value of your record collection, offering a fair cash arrangement based on its actual merit, within the bounds of reality and common sense.