Condition Grading (Goldmine Standard)

Grade Record Condition Sleeve Condition
M (Mint) Unplayed, perfect Perfect, no wear
NM (Near Mint) Near perfect, minimal signs of handling Near perfect, minimal wear
VG+ (Very Good Plus) Light surface noise, plays well Minor wear, no major defects
VG (Very Good) Noticeable surface noise Obvious wear, ring wear, seam splits
G+ (Good Plus) Significant noise, still playable Heavy wear
G (Good) Lots of noise, distortion possible Major damage

Format: VG+/VG means Record is VG+, Sleeve is VG

What Makes Records Valuable

  • First pressings: Original release, not reissue
  • Limited editions: Colored vinyl, numbered releases
  • Genre: Psych rock, punk, jazz, soul, hip-hop originals
  • Artist collectibility: Beatles, Pink Floyd, Bowie, Sabbath
  • Condition: NM commands 3-5x VG prices
  • Completeness: Inserts, posters, stickers add value
  • Label variants: Different pressings on same label

Identifying First Pressings

  • Matrix numbers: Etchings in dead wax near label
  • Label variations: Logo changes, address changes
  • Catalog numbers: Match to discography databases
  • Cover variations: Early covers sometimes different
  • Country of pressing: UK vs US vs Japan pressings differ

๐Ÿ’ก Pro Tip: Use Discogs to identify pressings. Match matrix numbers to database entries. Same album can have dozens of variations with vastly different values.

Where to Source

  • Thrift stores: Hit or miss, check condition carefully
  • Estate sales: Entire collections, often underpriced
  • Garage sales: "Old records" = potential goldmine
  • Record stores: Buy underpriced, sell higher online
  • Flea markets: Negotiate for lots
  • Craigslist/FB: Collections for sale locally

What to Skip

  • Common classic rock (unless NM first pressing)
  • 80s pop that was mass produced
  • Compilations and K-Tel records
  • Severely warped or scratched records
  • Anything that smells musty (mold)

Where to Sell

Platform Fees Best For
Discogs 8% + PayPal Best for records, collector audience
eBay ~13% Rare items, auctions for unknowns
Local record stores 30-50% of resale Quick cash, bulk sales
Record fairs Table fee Bulk selling, networking

Shipping Records

  • Mailers: Use proper vinyl mailers (cardboard stiffeners)
  • Protection: Record outside sleeve to prevent seam splits
  • Poly sleeves: Outer poly protects covers
  • Media Mail: Cheapest option, can be inspected
  • Insurance: For valuable records, always
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