We have way too much of that.
In other words, how many other people have boxes of the same albums.
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Doug Allen owns Bananas Records with his wife, Michelle Allen, not photographed. It is one of the largest vinyl record retailers in the world with about 3.5 million records. Sonny Rollins is considered one of the most important jazz musicians in American history. His sixth album, Saxophone Colossus, is selling at Bananas Records for $1,000. Chris Zuppa / The Penny Hoarder
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Records dont compare to coins and stamps and books, Allen said.
Theres not really anything thats worth $100,000 or more.
They are mostly under 30 years of age, Allen said.
The 70s to 90s progressive rock is selling.
Led Zeppelin, Pink Floyd, King Crimson, Jimi Hendrix, Brian Eno.
He added David Bowie and John Coltrane to the list of what customers want and hes buying.
Is It a First Pressing?
But theres no way to know for sure.
Having that knowledge, they are proud of having something like a first pressing.
Occasionally it really means something as far as the sound quality, Allen said.
This is the generation of kids who always listened to music on their iPhone.
These kids who are buying records today, many of them have never heard of Elvis, Allen said.
That era is gone.
Now they are worth about $7 to $10.
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What Else Determines Value of a Record?
The condition of the album cover is as important as the music itself.
Water damage, tears and marks can all decrease an albums value.
And if somebody wrote their name on the album cover, again, that lessens the value greatly.
You will see many records receive no bids or are taken down before they sell.
Here are some examples of recent online sales on eBay.
Another place to sell records online is discogs.com.
The factors already mentioned go into the equation as well as the buyer.
I just paid almost $400 for a 1960s Benjamin Miracord turntable.
Some Pioneer (brand) are selling well, Allen said.
The earlier versions with solid wooden bases are whats in demand.
Solid wooden consoles with built-in speakers that are an actual piece of furniture are in demand, also.
And they dont have to necessarily work.
Heres What Your DVDs and CDs Are Actually Worth
What about DVDs, CDs and even 8-tracks?
CDs
CDs are less popular each year, as there are fewer cars with CD players.
DVDs
Fewer and fewer people have DVD players, she said.
We used to sell three for $5.
Now they are $1 each.
The store is actually making their DVD section much smaller and rarely adding anymore to their already huge inventory.
A Disney box set might be worth a few dollars, tops.
Maybe a KISS 8-track, something you wouldnt expect.
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