When it comes to selling your old records to make extra cash, don’t live up to your hopes.
And know this: Condition matters the most. Frank Sinatra matters the least.
“At one time the shelf holding all Sinatra albums was 70 feet wide, located in St. Petersburg, Florida.” We have a lot of that, “said Banana Records owner Doug Allen.
What Banana Records buys and sells are classic rock ‘n’ roll, punk and jazz albums. And that’s for about $ 5 – if the album and cover are in very good condition.
“Records don’t compare coins and stamps and books,” Allen said. “There really is nothing worth $ 100,000 or more.”
Many records that have sold for millions are still popular with collectors and album buyers, but so many copies are still in circulation that they do not sell very much.
On the other hand, records, which sold only 20 thousand copies – jazz since the 1950s, early punk rock – may be of greater value. Allen has seen jazz albums of that era, such as the early Mile Davis, go for $ 500 to $ 700 per piece, while classic punk can sell for $ 50 to $ 100.
These days most record collectors are between the ages of 18 and 35, and used record dealers will try to buy records that will appeal to both fond collectors as well as other, more casual buyers. Which includes artists such as Jimi Hendrix, Pink Floyd, David Bowie, and John Coltrane.
“There are still some Beach Boy fans,” Allen said. “There’s some country that’s worth something. Early Hank Williams. Something Johnny Cash.”
Allen will pay $ 3 to $ 5 an album for these in good condition. He said that the Michael Jackson albums are in good condition.
“Two weeks after his death you could sell anything, you could get your hands from $ 30 to $ 40,” Allen said. “Now they are worth $ 7 to $ 10.”
However, don’t bother bringing your Neil Diamond, Barry Manilow or Elvis Presley records.
“Many of these kids who are buying records today have never heard of Elvis,” Allen said. “That era is gone.”
An album is worth more than music
Other factors affect the value of an album, including the address of the record label or recording studio, which may indicate whether it is the first or second pressure; The country in which the album was released; And whether the album was autographed.
The status of the album cover is as important as vinyl. Water damage, tears, and scars can all reduce the value of an album. However, Allen and other collectors often purchase the album alone if it is in good shape and not covered, and vice versa.
Alan recommends to anyone who is trying to sell their collection to take to their local vintage record store and they have to take a look and let you know what the money is.
A couple recently brought two wheeled suitcases full of albums to the banana record, and they were able to sell several of them for a total of $ 60.
Pro tip: Mono vs Stereo? Mint or near mint? Know here what you should do when Sell your vinyl records.
Your DVDs and CDs are really worth it here
What about DVDs, CDs and even 8-tracks? Banana Records managers Alan and Gennie Stout offer some guidance for someone trying to land their old movies and music.
CD ” CDs are less popular each year, as there are fewer cars with CD players. Stout usually pays 25 cents for them.
DVD: Stout will offer up to 50 cents for DVDs from the ’80s and’ 90s that are not very common. It does not include romantic comedies such as “The Matrix” and blockbusters.
“Nobody wants to buy romantic comedy, or all Adam Sandler movies,” Stout said.
A Disney Classic in good condition can fetch $ 1 or $ 2.
“Most of them perish because people let their children in and out [of the DVD players], ”Said Stout.
VHS: “We haven’t bought them in 5 to 6 years,” he said.
8-track: “I would say that there is no market for them with the exception of the following cult,” Allen said. “Probably a KISS 8-track, something you wouldn’t expect.” They can fetch from $ 10 to $ 15.
Katherine Snow Smith is a contributor for The Penny Hoarder.
It was originally published The penny hoarder, A personal finance website that empowers millions of readers across the country to make smart decisions with their money through action and inspirational advice, and resources on how to make, save and manage money.