Goldmine’s Price Guide to Collectible Record Albums (1st edition)

 

 

Goldmine’s Price Guide to Col­lectible Record Al­bums
Krause Pub­li­ca­tion, 1990 (first edi­tion)

 

I CONFESS that I al­lowed my­self to be wooed by Krause Pub­li­ca­tions. This was 1988 and it was a rea­son­ably easy de­ci­sion. Along with a book di­vi­sion, Krause pub­lishes Gold­mine mag­a­zine, then the num­ber one record col­lec­tors mag­a­zine in the world. Gold­mine and Umphred seemed nat­ural, right. And so it was!

Af­ter O’Sullivan Wood­side closed its doors for busi­ness, I foundered for a while. I con­sid­ered self-publishing more price guides, but this was dif­fi­cult as such an en­deavor was a rather ex­pen­sive propo­si­tion prior to the In­ter­net and Print-on-Demand. 1

So a con­ver­sa­tion with Krause served both our in­ter­ests at the time.

[br]

NU_LP(1)

Un­for­tu­nately, Krause al­lowed me no say on how the cover for my book would look. Hence this rather pedes­trian de­sign. The good folks in Iola fi­nally gave me in­put on the cover for fifth (and fi­nal) edi­tion of my book, dis­cussed be­low.

KP and I agreed that the flag­ship book had to be one fo­cused on LP al­bums, eas­ily the the most col­lected for­mat. The first edi­tion of Goldmine’s Price Guide To Col­lectible Record Al­bums was the re­sult.

Like my OW book, it cov­ered many mu­si­cal gen­res al­though it fa­vored rock and re­lated gen­res. Also like the OW book, the Gold­mine book only listed records man­u­fac­tured in the United States.


Please read “???” on this site and then come back to this page and con­tinue read­ing here.


And like the OW book, I con­tin­ued in the same di­rec­tions by adding new ti­tles and press­ing vari­a­tions to ex­ist­ing artist discogra­phies, while in­tro­duc­ing new artists. And of course I con­tin­ued with my ‘pric­ing’ sys­tem, al­though I felt less con­cern for any sticker-shock that this new book might cause my read­ers. Still, I con­strained my­self a bit.

Con­se­quently, while com­mon records again saw their as­signed val­ues low­ered mod­estly, I ad­justed the val­ues of the rare and de­sir­able items to what­ever I be­lieved best rep­re­sented their real mar­ket value.

Collecting record albums

Here is the open­ing para­graph from my in­tro­duc­tion to this book (found on page 6):

As any­one who has been ac­tive in the field of record col­lect­ing in the past few years will at­test, there is a real need for a sin­gle book ad­dress­ing the gen­eral state of the cur­rent mar­ket. That is, a book that cov­ers the ma­jor por­tion of field and pro­vides rea­son­able disco­graph­i­cal in­for­ma­tion with ac­cu­rate prices.

Goldmine’s Price Guide To Col­lectible Record Al­bums was cre­ated for that gen­eral mar­ket: in­cluded here is vir­tu­ally every genre of col­lectible records with the ex­cep­tion of in­stru­men­tals (most pop and all jazz) and clas­si­cal mu­sic, each of which re­quires a book of its own.” 2

Of course, I should have worded that dif­fer­ently: the first sen­tence should have read, “As any­one who has been ac­tive in the field of col­lect­ing record al­bums.” Ob­vi­ously, the peo­ple who col­lect­ing 78s or 45s ex­clu­sively 

What’s here and what’s not

A few para­graphs into the in­tro­duc­tion I asked this ques­tion: So what’s not here? I an­swered it with one word: Lots.

There is no at­tempt at com­plete­ness: rather, the reader will find ap­prox­i­mately 20,000 list­ings that cover, more or less:
1. the most col­lectible records in the busi­ness (ex­clud­ing pro­mos);
2. those records that change hands the most of­ten; and
3. those records most in need of at­ten­tion at this time.”

The book also in­cluded an ar­ti­cle ti­tled “Gold And Plat­inum Record Award Col­lect­ing” by Christo­pher Chat­man. This was the first ar­ti­cle to to ex­plain to the av­er­age col­lec­tor the in­tri­ca­cies of buy­ing au­then­tic RIAA Gold and Plat­inum Record Awards. In some re­spects, this was the most im­por­tant sin­gle fea­ture in the book!

A sec­ond ar­ti­cle ti­tled “How Much Is It Worth?” by Gary John­son of Rock­away Records ad­dressed ba­sic ques­tions of sup­ply, de­mand, and con­di­tion in as­sess­ing value to a record.

Most valuable albums (1989)

I also in­cluded a list of “The 100 Most Valu­able Al­bums” that were listed in the book. Here are the Top 10 as I found them then:

$5,000

Bea­t­les
Yes­ter­day And To­day (Capi­tol ST-2553)
Stereo. First state butcher cover 3

$4,000

Bob Dy­lan
The Free­wheelin’ Bob Dy­lan (Co­lum­bia CL-1986)
Mono. Orig­i­nal press­ing with deleted tracks 4

$3,000

David Bowie
Di­a­mond Dogs (RCA APL1-0576)
Stereo. The Bowiedog’s gen­i­tals are vis­i­ble on the cover 3

Bea­t­les
The Bea­t­les And Frank Ifield On Stage (Vee Jay LPS-1085)
Stereo. Rain­bow la­bel with Love Me Do and ad-back cover 3

$2,500

Bea­t­les
In­tro­duc­ing The Bea­t­les (Vee Jay LPS-1062)
Stereo. Rain­bow la­bel with Love Me Do and ad-back cover 3

Elvis Pres­ley
Aloha From Hawaii Via Satel­lite (RCA VPSX-6089
Quad. Chicken Of The Sea “Sneak Pre­view” sticker on jacket

$2,000

Ike & Tina Turner
River Deep, Moun­tain High (Philles PHLP-4011)
Mono. Amer­i­can press­ing with­drawn shortly af­ter re­lease

$1,500

Bea­t­les
The Bea­t­les Vs. The Four Sea­sons (Vee Jay DXS-30)
Stereo. Double-album 3, 5

Bea­t­les
Yes­ter­day And To­day (Capi­tol T-2553)
Mono. First state butcher cover 3

$1,200

Bea­t­les
In­tro­duc­ing The Bea­t­les (Vee Jay LP-1062)
Mono. Rain­bow la­bel with Love Me Do and ad-back cover 3

Billy Ward & The Domi­noes
Billy Ward & The Domi­noes (Fed­eral 295-94)
Mono. Ten-inch al­bum

The last twenty-six records on the list shared a value of $300. To­day, a list of the one hun­dred most valu­able al­bums such as this one would all top the thou­sand dol­lar fig­ure.

The book was an immediate hit

Krause was a bit un­cer­tain about the wa­ters into which they were about to wade, so this first edi­tion was a slen­der one — a mere 384 pages in length. Due to this lim­i­ta­tion, I was not able to in­clude a sec­tion at the back of the book for the most col­lected rock sound­tracks and var­i­ous artists al­bums.

Goldmine’s Price Guide To Col­lectible Record Al­bums was pub­lished in 1989 and was an im­me­di­ate hit, sell­ing con­sid­er­ably more copies than the peo­ple at Krause had an­tic­i­pated.

And that was that for then . . .

My fifth and final edition

By the time that I did my fi­nal edi­tion for Krause, a lot had changed: the book was now more than 600 pages in length and I was given con­trol of the cover!

Click here to read more about that book.

[br]

NU_GM_LP_2a

Af­ter the huge sales of this book, they saw the er­ror of their ways and the sec­ond edi­tion was 606 pages.

About my other books

There are eight ar­ti­cles on this site ex­plain­ing the var­i­ous books I pub­lished for record col­lec­tors. They are best read in the fol­low­ing or­der, which is roughly chrono­log­i­cal:

1. O’Sullivan Woodside’s Rock & Roll Record Al­bums Price Guide
2. O’Sullivan Woodside’s Elvis Pres­ley Record Price Guide
3. Goldmine’s Price Guide to Col­lectible Record Al­bums (1st edi­tion)
4. Goldmine’s Price Guide to Col­lectible Record Al­bums (5th edi­tion)
5. Goldmine’s Rock’n Roll 45RPM Record Price Guide
6. Goldmine’s Price Guide to Col­lectible Jazz Al­bums
7. A Touch Of Gold – Elvis Record & Mem­o­ra­bilia Price Guide
8. Blues and R&B 45s of the ’50s Price Guide

[br]

[hr]

FOOTNOTES:

1   “Print-on-demand is a print­ing tech­nol­ogy and busi­ness process in which copies of a book (or other doc­u­ment) are not printed un­til an or­der has been re­ceived, al­low­ing books to be printed singly, or in small quan­ti­ties. While build-to-order has been an es­tab­lished busi­ness model in many other in­dus­tries, POD de­vel­oped only af­ter dig­i­tal print­ing be­gan.” (Wikipedia)

2   I did get around to do­ing a jazz al­bum guide for Gold­mine; you can read about that on this site also.

3   Factory-sealed copies of this al­bum were worth con­sid­er­ably more than the listed val­ues!

4   A minute first press­ing of THE FREEWHEELINBOB DYLAN in­cluded Gam­blin’ Willie’s Dead Man’s Hand, Let Me Die in My Foot­steps, Rocks and Gravel, and Talkin’ John Birch Blues. All sub­se­quent press­ings re­placed these with four dif­fer­ent tracks. In 1989, stereo copies of this al­bum (Co­lum­bia CS-8786) with the four orig­i­nal tracks were not known to ex­ist. They do.

5   Vee Jay 30 was is­sued with a large, fold-open poster that is worth hun­dreds of dol­lars sep­a­rate from the al­bum!

[br] [br]

[br]