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Value of 33 1/3 LP Record Albums

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May 23, 2020 - 12:59:50 PM
1398 posts since 7/14/2004

At one time I had over 500 Bluegrass LP's . Decided to try to sell them at a local, used record shop. I was offered $1.00 each. I sold 75 of them to the shop for $1.00 each. I feel like I got taken to the cleaners. Most were records of the top BG bands, Monroe, Flatt and Scruggs, Osborne Bros, Del McCoury, Jimmy Martin, Country Gents, Seldom Scene etc. The shop will likely sell them for $20.00 each.

Has anyone sold a collection of Bluegrass LP's? What could you reasonably expect to be paid for an LP in very good to excellent condition? For $1.00 each, it is hardly worth the trouble of loading heavy boxes into the truck and unloading them at the dealers.

May 23, 2020 - 1:22:26 PM
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529 posts since 8/14/2018

More likely is that they will put stickers on them and have most of them sitting in bins for a while. Only a small percentage of lp’s will fetch $20. You could try to sell them on eBay (but not reverb, which has closed the lp shop).

Edited by - MacCruiskeen on 05/23/2020 13:23:24

May 23, 2020 - 1:24:21 PM
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m06

England

8738 posts since 10/5/2006

Discogs is a good place to check out availability and what specific vinyl LP's are selling for. The price range is quite wide, and obviously linked to the condition of the vinyl/sleeve.

discogs.com

May 23, 2020 - 1:27:39 PM

331 posts since 3/27/2011

From my experience a few years ago you did fine.

May 23, 2020 - 6:44:14 PM

roydsjr

USA

665 posts since 5/17/2007

I would not sell mine for $1 each. I also don't have as many as you do either. I have a few that I paid several dollars for 15 to 20 years ago.

May 23, 2020 - 7:02:17 PM

1398 posts since 7/14/2004

I did find a use for unwanted LP's. Those that I bought and did not like. They make excellent flying targets for shotgun practice. You can really wing them out there at warp speed and the flat profile makes them carry a long distance.

May 23, 2020 - 10:32:17 PM

1019 posts since 10/5/2008

I agree going to discogs.com. You can find what they’re selling for there. Unless it’s something really rare, they probably aren’t worth too much. I’d be surprised if most of them get sold for more than $5 a piece or so. You have to remember that there were thousands of these albums made, especially the good bands, like Flatt and Scruggs and the Osborne Brothers. Right now there isn’t a huge market for bluegrass LPs. Combine that with how many records were made and it’s a bad situation if you’re selling them, but I’m in the position of growing my collection, so I’m able to find some great deals.

May 24, 2020 - 5:09:05 AM

Texasbanjo (Moderator)

USA

24225 posts since 8/3/2003

I've probably got that many old LPs and even if you find someone who is willing to pay a decent price for them, the shipping/mailing costs are prohibitive. I tried working out a deal with one of our members for several of my old LPs, but we both decided the postage costs were entirely too much.

I've still got all my LPs and have digitized most of them on a flash drive. I will probably end up selling them like you did: for whatever I can get for them. Right now, they're still stored standing upright in boxes.

May 24, 2020 - 12:00:35 PM

Fathand

Canada

11581 posts since 2/7/2008

LPs all depend on who is buying and how much they want the music on those LPs and if it is available elsewhere.

I see LPs for $0.25 to $50 at yard sales, flea markets or "collectible" type stores. I also see them made into guitar pickguards and potato chip bowls.

That said, they seem to have come up in average price over 10 years ago so maybe their time is yet to come.

I think it is best to listen to them.

May 24, 2020 - 4:54:24 PM

Banjo Lefty

Canada

1880 posts since 6/19/2014

Our local music store sells used vinyl LPs for $2.50, buys 'em for $0.75. Very few people want bluegrass specifically. One buck apiece is a good price.

May 24, 2020 - 4:58:57 PM

staceyz

Canada

109 posts since 5/30/2010

When I go to a Record store, I'm usually the one buying the bluegrass records for $1... They are usually the ones in the bargain bins... Just list them on Craigslist, maybe you'll find a youngster who loves bluegrass, and make them a package deal for the whole works... Then they will haul them out of the house...!

May 25, 2020 - 6:18:15 AM

1594 posts since 4/10/2005

Most bluegrass banjo LPs are priced very low indeed at the giant record store in my Left Coast megalopolis. Including recordings by people we here on the BH view as awe-inspiring. And yes, not a few are to be found in the one-dollar bin.

Clawhammer banjo LPs by the "young fogies" of the 60s/70s revival often also go very cheap regardless of virtuosity, though oldtime banjo records by the iconic older generations can sometimes be priced higher.

Edited by - ceemonster on 05/25/2020 06:18:52

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