Vinyl Collectors Should Know

[@hellsunholyfire]

Also in the case of damages it helps that discogs also has a graph feature which shows the low, medium, and high "sold" values of the records in their database, which might be able to help with evaluation of the collection. This is assuming the insurance company will pay you. You can take policies out as much as you want, but unless you have hardcopy, digital lists, photographs, and thorough documentation and evidence of your collection, they might just laugh at your attempt to claim.

[@MegaMuzoman]

i have to say thankyou. even though i dont have a huge vinyl collection i respect how much work you went through to do this and put it on youtube :) top job mate all the best for the future.

[@2011blueman]

This is why I use discogs, in case of an insurance claim I can go there and easily get the current value of each record.

[@donovanavi8608]

I know I am pretty randomly asking but do anybody know of a good website to stream newly released movies online ?

[@mylesmarlon1526]

@Donovan Avi Try FlixZone. You can find it by googling :)

[@ahmedluke9834]

@Myles Marlon Yea, have been using flixzone for years myself :D

[@donovanavi8608]

@Myles Marlon thank you, I went there and it seems to work =) Appreciate it!

[@mylesmarlon1526]

@Donovan Avi you are welcome :D

[@Wolfie_Rankin]

I don't know if anyone has said this, but if you get on discogs, you can catalog most of your stuff easily. sometimes the record isn't there and you have to fill in all the data... but most of the time it's just a matter of giving it your cat number, and if the same record comes up as yours, just go "ok" and that's filed. you can also download a copy of your collection too. you can often see how much people are selling identical records for on discogs, but also there's a place called popsike which gives you an idea of how much things are too, then there's eil.com which may give you an idea. you could almost reference ebay, but they tend to inflate prices a lot.

[@Tenebrius1963]

Discogs is quite incomplete, for me anyways. But it's still awesome.

[@2011blueman]

+Tenebrius1963 If the record isn't in Discogs, then you add it.

[@Wolfie_Rankin]

Sometimes you have a record which is an Australian pressing which isn't there, but all the data for other pressings is, so you just make a copy of those, and fill in your local data, add it, done.

[@teddybtoronto]

Thanks for sharing this! I'll bet this is something a lot of serious LP collectors have not thought of, and knowing what it costs and how to get the coverage is really helpful. Thanks for sharing your experience! I don't have much vinyl, but I DO have a lot of out-of-print CDs with booklets that really enhance the value of the collection for me. You have got me thinking that I need to see if there is an insurance policy that would cover my CD collection in a way similar to your coverage.

[@mrhoffame]

@TheGreenSeaDotNet I think storing them vertical as oppose to stacking is always better. If you are reffering to the slight 'lean"... I make sure the left side of the stack is always flush with the side so no record is pressured on a bend. Also, with the smaller cuby holes ...I only keep about 60-70 lps in each so overall they are pretty well kept. Thanks for asking and thanks for watching my friend!

[@mrhoffame]

@newwavepopman Yes. All vinyl. They won't do cassettes or cds though. When you really get into the details of it, the policy language states 78s and all other lps are covered along with those. Take care my friend and thanks for watching.

[@fwanklmachetazo7394]

Thank you for the response Mr. Moore. I have seen many videos in reference to vinyl creation / manufacturing but wasn't aware of the information you have so graciously provided. It's true you learn something new everyday ^_^ again many Thanks.

[@Phedrus1975]

Learned this lesson the hard way in November 2005 following a total-loss house fire (incorrectly installed stove). Insurers were fantastically good, paying out £2,000 for my hifi, despite NOT having any 'dedicated' cover, but they didn't (couldn't !!) pay a penny towards my music collection. Broke my heart, as I had been in the Air Force, and most of the music consisted of obscure albums bought from abroad. Thank god for the Internet!

[@fwanklmachetazo7394]

Thank You for the prompt response. I have gone back as you indicated and viewed the video where you have your excel spreadsheet breakdown. I have now started creating my own template. Thanks a Million!, and please keep the very useful and educational videos coming.

[@beano1eye]

having them insured is one thing, but finding them all over again (especially rare stuff) is another!

[@mrhoffame]

EXACTLY! That is what the challenge would be. Physically and emotionally lol. I mean sure, the record was only worth 8 buck, but took me 3 years to find kind of thing lol.

[@mrhoffame]

@malawri67 Thank you. I really do enjoy the room but I am outgrowing it quick and we just bought this house a year or so ago so I don't see us moving anytime soon lol. My wife has even offered up her office to make it a second music room...but I couldn't do that lol. Her support for my collection is why it is growing so dam fast! A good woman huh lo. Anyway, thanks for watching!

[@mrhoffame]

@squierplayer LOL good question. That was just a copy I printed out. I have the list on my computer and I keep a copy on a zip drive. I also give a copy to the insurance company about every six months ....so there are some safe guards lol. Thanks for watching!

[@RouletteRog]

I'm so glad I came across this video, thanks for posting. I just inherited my late father's vinyl collection and insuring it is one of the many issues I've recently had to consider.

[@Giantcappuccino]

This is really good info! What I've done (just like you - "what if my house burned down?") is put all of my music that is in mp3 format onto a portable hard drive and deposited that in a safe deposit box in the bank. You can also include your list of vinyl on that hard drive.

[@mrhoffame]

@Telstar62a The pricing is based off the total amount you asked to be covered. They don't evaluate each piece. So the premiums are based of the amount you cover. It's just like the personal articles policy in a home owner policy. The don't add up the value of your couch, tv, and so on. You pick a number like 30k, 50k, etc.. to cover your personal stuff and you pay that premium. I have increased my coverage over the past couple of years so my prms a big higher now.

[@sideshowtink]

This is cool that you bring this topic up. My Dad, the other day, just brought this up saying 'you are going to need to get special collectors insurance' thank you!!

[@mariotaylor6250]

Yo, that was DOPE!! I never thought of that. Just basically getting started and I am also with State Farm. Thanks for the advice!! ... I gave this a thumbs UP and subscribed, keep the video's coming.

[@mrhoffame]

Thanks my friend!! :)

[@z47TV]

GREAT INFORMATION! We have an extensive vinyl collection and never knew about the insurance option. Thanks!

[@MGLafoote]

You still have to do some typing but if you save the files as a .flac or .wav you will maintain the quaility if your vinyl is in good shape. It took me over 2 years to do mine but the advantage for me was that all my vinyl got cleaned with my Nitty Gritty cleaning machine and inserted into new poly bags to keep them clean and safe. I also go to listen to alll the older stuff I hadn't heard in years, including the first vinyl I bought back on September 22, 1964.

[@mrhoffame]

@TheEMERALDCITYPUNK Well there are a number of ways. All of whch are estimates because value is really determined but what people will pay. I use a combination of how much I paid for an lp, Goldmine record value book, or just looking on ebay or Gemm to get an idea of what lps are selling for. If you find 10 of an lp on ebay you can get a good feel for what is goes for. Thanks for watching.

[@marbacc]

Thanks so much for this information. I'm just starting (I only have like 40 records) but I was thinking about starting a database and you just made it clear, thank you once again.

[@teddybtoronto]

Creating that database must have been a lot of work, but as you pointed out, it has a lot of cool uses to you besides providing a basis for the insurance coverage. If I'm able to locate coverage for my CD collection, I'm grateful for the fact that CDs came after UPC bar-coding technology, so almost all of my CDs have UPC codes I can use to pull the album data from online databases.

[@mrhoffame]

Thanks for checking out the vid. I do have an database for it. That is where the print out comes from actually lol. I just like having the hard copy. Making little scribble notes off to the side, etc. I keep an updated data base and keep a backup at my office. Even at work. I write my outlook calendar to a hard copy calendar lol. Don't know what it is. I guess I'm very old fashion :)

[@inthe7thhouse]

Lost almost all my vinyl collection in the mid-80s,not to a fire but instead to the CD revolution.Rebuilding it again and kicking myself for buying into that nonsense.

[@mrhoffame]

Ha ha! I did just the opposite. I had a ton of cds, starting buying vinyl, sold off 100s of cds, and then worked on getting my cds back to go with my vinyl collection lol.

[@inthe7thhouse]

mrhoffame Good for you! So jealous of your collection and love your videos. Keep on spinning. :)

[@SLIMKUTT]

mrhoffame Yeah, I did just the same...kick out those CDs !!! My local record dealer traded some(20-25) of my CDs 1:1 with same vinyls...but just because it was nearly X-mas, I've been a good known customer for decades & my CDs were almost like brandnew, but awesome in any ways...can't believe it myself until today !^^

[@jamesdavies542]

I’m doing the same, I was bought off by CD’s but have returned to vinyl big time

[@nomiclas]

i just talked to my agent and the minimum rate is $30.00 per year.the value i put up was $10,000.00.it increases as the value goes above that.your also right about one other thing,it's great to have your collection cataloged.PS.mine is up for sale.mostly rock i bought since Apr 1961.i need to liquidate since i'm snowbirding nowdays.

[@eatvinyl4248]

Wow... That sounds like an incredible task!! Good job...amazing to have such a comprehensive catalogue. Good price for the policy 😎😍

[@mrhoffame]

I haven't gone to this video in years lol. The huge task is actually taking place right now. With my collection growing even more over the past 10 years, January of this year I decided to put my entire collection accurately into Discogs. That my friends has been something lol. Not doing bad though. In June now and only have about 350 more to input.

[@eatvinyl4248]

@@mrhoffame Way to go - well done man!!! :)

[@RaymondTVinyl]

Wow. I knew about this but its a very daunting task to document my collection. I've had dreams where I see my whole collection as a big melted vinyl blob! LOL!! This is very awesome of you to share this. I wonder if you should document the pressing you have since that can make a difference with collectors.

[@dewdude]

It's the ID of the master plate used to make stampers in the outter lead-out of a record. It's usually a very cryptic series of letters and numbers; sometimes hand written, sometimes stamped. You can use these to trace the pedigree of an album. It's like a unique identifier that tells you the source.

[@mrhoffame]

@simxslashsimon LOL yeah. Thats why I keep a back up at work as well as with the insurance company. They get an updated copy as well.

[@mrhoffame]

@TechnoWhamBar Thing is I need this for the insurance plan, but I collect lps, 45s, cassettes, cds, and 8 tracks. I like the excel spread sheet because it is easier to keep track of all those. Not to mention when you have multiple different releases of the same album. For example, Between cassette, cd, and vinyl I have 7 different issues of Metallica's Master Of Puppets lol. Thanks for watching

[@raytheprinter]

Very cool way keeping track of your collection! Thanks

[@Jostoc]

I found this video pretty cool and informative. I'm starting to collect vinyl records for the first time in my life and keeping track of that sort of thing is a good habit. I keep a log of my vinyl collection online though the website discogs. I feel it's a decent way to know what you have in your collection and to know what your vinyl might be worth. The site will tell you A LOT about your vinyl (assuming you don't have something super odd or ridiculously obscure like a unlabeled bootleg).

[@mrhoffame]

@didjamatic Yeah. I have Zips drives and a hard drive i keep off site. Not to mention the record at State Farm are constantly updated. Thanks for watching!

[@rogerstill71]

Easy. I have a diary on one of my social sites (privacy settings are adjustable), and I list the artist, the album name, and the medium it was recorded on. I have CDs, cassettes, reel-to-reel, and the best of all - vinyl! Although I must confess I listen to cassettes more than anything else, because I love to go to sleep listening to music. And I have to sleep a lot. Kudos to you, sir!

[@recordsam]

Thank You for doing the work and sharing the results with us vinyl freaks. I have State Farm too, and I would never have thought to ask them about insuring my collection. Hooray for State Farm, I guess, for recognizing the lasting value of the vinyl LP.

[@okokoked]

Great video! Be very careful if you ever make a claim on that policy, they can drastically increase your annual fee or drop the coverage all to together once they make one payout on say a handful of records. If you file a claim make it worth while.!!! Good Luck!

[@TheThecyclist]

im doing a simlar thing with my cd collection using excel but its just as a catalogue for them not for insurance but am going to be digging out my lp collection shortly to transfer to cd so will be doing a similar listing with it

[@eastberlinterp]

This is great stuff! There is a software package that will also catalog your vinyl for you called Collectorz. It is very easy to enter your existing collection. Just a few key strokes and mouse clicks. Then you can export it into excel. It took me about 3 days to do about 1500 albums. I'm going to call my insurance company now to get my collection insured. I had no idea there was anything like that.

[@mrhoffame]

Yes. 45 and 78s are included. For some reason the policy was listed in the "list of policies" as for 78lps only. He checked though and said it was all vinyl. Just not cds or cassettes.

[@musicman257]

love the vinyl have a collection my self not as big as yrs,i have about 700 but i guess you got start some where.how long u been a collector.would love to come over and rock out.nice collection

[@AllThingsProg]

Great collection! And thanks for the heads up about the insurance thing. Two questions : Can I get my LPs insured if I have a small collection? Is it like, one needs to have atleast 'X' number of records before being eligible for claiming insurance? Secondly, how do you value your LPs? The price at which you bought them? Or its current value? And if its the current value then its going to an approximation right? Cheers.

[@philipspina471]

Hi there! Great advice...where did you get the racks to store your vinyl? Were they custom made or can they be purchased? Any advice would be greatly appreciated! Thanks!

[@mrhoffame]

@jazzbase412 According to the ins company lol. They said those are covered with the rest of your property under home owners or renters ins.

[@PSMITHjl]

Although it might be impossible to re-create an exhaustive collection, especially rarities- having a check to cover at least some of the loss would buy a few beers to cry into! Thanks for this intelligent and helpful post- And I do hope you never have to use that policy! :D

[@mrhoffame]

I enjoy my collection. There is soooo much more to music than just sound waves. I'm sorry you seem to missing out on the rest.

[@zenarrrow]

The list reminds me of LP's that I have bought at yard sales etc. That normally I would have just thrown on my shelf. Now that they are listed I remember and instead of my personal playlist I throw in a "sleeper" just to make sure I listen to it. I so have a printed list, and I will find out there value for insurance purpose. Good thinking.

[@mrhoffame]

Yeah lol. I had that folder for every bit of 4 days lol. I keep the list on a hard drive at home and a zip drive I take to my office.

[@madbear3512]

What your collection up to now.

[@snapstruly]

Great vid. I found the coverage price quoted interesting. Just $30?? My collection is over 3000 LPs & 2000 7". About 15 years (yep, 15, I remember where I was living & the computer used the old 3" disc!) I started a spreadsheet with CAT#, Label, Year, Country of Issue, Artist, Title, Notes, Price I paid & Cost To Replace. I only just finished it last month. OK, I took a break but when I really knuckled down to get it done, the file was originally called (my name) LP-45 List Oct 2003 - 8 years!

[@musicman257]

what also helps is what i do is puting the serial no of the label and the label it will help when ulook to se what its worth in record price guide.just a helpful tip.also do u have any more videos comming up soon.

[@mrhoffame]

@Congaschlumpf Heck, I wish...at least on the guitar lol. Thanks for watching!

[@mrhoffame]

@RnDnproductions I use a goldmine book I have as well as looking at what things sell for on the net. I have been to a lot of record stores and shows and have looked at things on the net for hours on end. I think the best marker for the value of an album is what 5 or 6 of them have sold for on the net. After all they are really only worth what someone would pay. Take Care

[@TheOrdersixtysix]

Great video man. Some time ago, I was thinking about the same thing about my vinyl collection, but then I just thought : even if I insure it for the value, it would take another lifetime to recollect all of my vinyls, if I would EVER even find them again....the cash I would have would be of "no value" to me, so I just don't insure them...

[@decade03]

Nice vid man! My collection is growing and things like this are awesome to know.

[@mrhoffame]

I know what you mean. Matter of fact, at first I was just going to select the Lps I wanted to cover the most and not worry about some of my dollar bin records and things like that but decided to do them all. You can always just pick the ones you want to cover and add on as you go. They really don't care about pressing. The just want the value of the record.....which In term automatically covers the value of an early pressing. Great to hear from you!!

[@mrhoffame]

@Lacasal I put down the actual value of the record, not how much I paid for it or the Goldmine value. In my data base I only put actually values including the depreciated value if the lp is not in near mint condition. That is the value that will be covered by the policy. Hope that helps out!

[@DAVEDOUGHY]

most informitive,i was just wondering how you estimated the value of a given record? thanks

[@horseleech9]

I have a fair amount of experience in appraising collections for insurance, divorce etc and I would point out that just because a company will write a policy for your collection, that doesn't mean that they'll pay out if something happens to your records. Don't be surprised if they start disputing your figures, asking for additional documentation etc.

[@mrhoffame]

Thanks a lot! Thanks for watching.

[@mrhoffame]

I only list the catalog numbers when I have/am looking for multiple pressing. Thanks for watching my friend!

[@AndyX]

@mrhoffame so true ,, that's kinda what by go by as well,, ebay past sales. thanks for the response. I've looking at some youtube collectors vids lately . I'm thinking about putting my collection up on ebay .. I have around 4,700.. so I'm not sure how to do it.shipping and all...will have to decide soon

[@HunterMann]

Thanks for the video! I'm relocating my vinyl collection soon to an office/studio space and am thinking about finally insuring my collection. Question: You said "for as little as $30 a year for insurance." What does that pay out if the collection is destroyed by fire or something? Example, if you collection in the video is worth... say $20,000, is that what the insurance company will pay you? Also, What if your collection keeps growing, or say 5% of your LPs increase in value each year?

[@mrhoffame]

I think the best measure for values is what the ablum actually sells for. To me looking at something like ebay and seeing how much 3 or 4 copies of the same pressing has sold for is the truest of values. Not overflated "BUY IT NOW" listing but actual sales. Also, when you spend 1000s of hours digging around the country and online, amazon, ebay, etc...you get a feel for what certain albums go for and don't go for. I like the current sale method the best.

[@cats06]

Thanks so much for this video !!!! I have about 2000 pieces that I am trying to get on a spreadsheet I am up to 700 hopefully in the next day or two I will have them done ..Thanks for the info on the insurance that will be my next thing on my to do list...As always Great Video...

[@lookhere65]

Good share. I had a problem about 15 years ago. I had a flood in the basement and lost a lot if lp's. The insurance company said they would only give me a dollar a disc.They come to my house and looked at the spoiled albums. The vinyl was still in fab shape but the jacket was screwed.

[@artmutt26]

@mrhoffame Congratulations on you MASSIVE record collection. It is really a killer one! Glad to know that someone listens to so much varied music.. Did you price the records (for the insurance company) using sites like popsike.com or something like that? Is there somewhere else you find prices except ebay auctions?I am asking because some almanac books I've came across seem to have different pricing on records than the auctions listed on popsike...

[@mrhoffame]

I respect your preference. To me each format has something that the others don't. If you are only concerned with the play back of a song. Not concerned with artwork, digital vs analog, collectability, and physical interaction with the music...then digital is certainly the way to go. I guess for us that collect vinyl, we need a bit more from our music than just the sound waves from a speaker. As long as you are rockn' and rollin'...to each his own lol.

[@Telstar62a]

@OldSonRecords Yes, there's a difference between replacement value and actual cash value, so you would want to make sure and tell them. You can pretty much insure it however you want to, if you want to pay the differences. Most peoples (i.e. not collectors) collections, it isn't worth the hassle or money, as the most they'll be out at once is fairly low, a few hundred or a thousand. A valuable collection (of anything) is worth breaking out of the standard homeowner policy.

[@RCALivingStereo]

All good info to know, thank you my friend. I wonder if they cover 78’s?

[@EoLoVoX]

Thanks for this information. I've got a fairly decent LP collection myself, and I'm insured with State Farm. I'll have to check it out. I have been enjoying several of your videos tonight. You've got wonderfully eclectic taste and a great music room! I've been doing a few videos of some of my records during the past few months. If you have any interest in checking those out, please do! Meanwhile, I look forward to catching more of yours.

[@TheThelonious08]

Thanks for the info and appreciate it! Great collection! What would you say is the predominate genre?

[@mrhoffame]

I have about 3400 lps and about 900 45s. It actually only took a couple of days to go threw them. It was shocklingly fast lol Thanks for watching!

[@mrhoffame]

Yeah. I Priced them according to the value I already had on them. They really just take your word for it. Great to hear from you. Got any new stuff to post?

[@mrhoffame]

Kind of neat. I would love to see your "played list" lol. What are you top 10 played ablums as of yet? ...and how many times each?

[@DecemberMornings]

Wow that's a great idea! I've never even thought about having my vinyl insured. I've got a couple questions. Did statefarm take your word on the value of the vinyl or did they actually look it up as well, also, what did you use to set the value of your vinyl? I've also made an excel spreadsheet Listing the Artist, Title of album, Year (also if it was original or Reissue), CAT #, country issue, and value. I took the mean price of 20 copies of the same record...

[@gregc7699]

I have every cd or tap or vinyl on Discogs so its easy to keep up to date what I have

[@mrhoffame]

That is true, BUT>>>> If you price it at 500 you will pay premiums for a 500 dollar record lol. Your premium is based on the total amount you insure your collection for. Thanks for watching.

[@mrhoffame]

@BoycottStabb Oh yes! I am very aware lol! I even make myself stop purchasing for periods of time to allow myself to remember the "music". It is very east to get lost in the search and "find" itself. I also have a little rule I put in place for myself. My wife will let me spend as much time as I want in music room but I only allow myself to be in here if I get home before she does and after she goes to bed. I never spend more than15 min in here if she is at home with me.

[@mrhoffame]

I'm sure they would, but I like to use the actual value I put on the lp itself. I like my data base to be as authentic as possilbe. I mean Goldmine has 1000s of lps I see in dollar bin everywhere where GM will list values at 8-10 dollars lol. I guess I have always seen the true value of a record as what it would actually sell for so that's the price I like to use. Makes my collection seem more "real" in a way. Thanks for checking out the vid my friend!

[@luvmyrecords]

Fantastic! Did she mention 78rpm records as well?

[@mrhoffame]

@TheRocketSilo Yeah, you really have to use a number of different elements in conjunction with each other to really price a record. Goldmine, Ebay, and Record Stores are my three. Honestly my favorite way to value a record is too look at 3 auctions on ebay and kind of take the middle price. After all a record is really only worth what people will pay for them in my opinion.

[@mrhoffame]

I try lol. Thanks for watching!!

[@mrhoffame]

Yes it is. I use the goldmine book (as a last resort and usually take about 35% off what they say). Mostly I use ebay and my knowledge from digging for years. If I constantly see an lp in a dollar bin, it is worth a dollar no matter what ebay or goldmine says lol. I think the prices that a record has sold for on ebay in the past is my favorite way to price them. Most new lps out of the store are already accurate

[@Enigma758]

Just scan your list and save it in the cloud. Google docs would be one way to do it.

[@Telstar62a]

If the collection is worth it, i.e. worth a LOT, you may be able to specify how it is to be valued, using whatever guide as a basis, and basically writing the terms of the coverage. The insurance co. underwriter (not the agent) will determine how to price your premium for it. It probably won't be $30 a year, but you want to cover it adequately. I'm sure that if you want, you could insure specific valuable albums aside from the rest of the collection. Talk to your agent, they can help you.

[@bisket2003]

HAH, cool stuff. I'm actually doing this list in excel now. Started over the weekend on a whim. Good to know that its going to be worth my while. I'm only noting only the Album name and Number and value. Do I need more info then that?

[@reelinrocking]

The programs I use are: Jukebox, Juke CD5 and DVD Profiler. I am going to go back and create another Jukebox program for my reel-to-reel tapes. As far as value is concerned, the Goldmine books are very inaccurate and not up to date. I don't think that they've printed any new ones for awhile. The best pricing source is Cyberguides, which is updated weekly. Their printed version is "Rockin' Records". They are up to date because guys like me inform them of prices actually paid.

[@mikezags0816]

Great video. Never even thought about the business side of things. I’m going to call my insurance company and see what their offer. Thanks👍

[@ikawpipa]

very nice information, thanks for sharing... All I need to do now is to start buying vinyls.

[@DrkKnight2]

Thanks man. I'll be looking into getting my vinyl covered soon. It's a shame they don't cover CD's as well; some of my CD's are worth more than the cars in the parking lot below me.

[@mrhoffame]

A number of them. I like ebay a lot. Seeing what people are actually willing to pay on a REGULA basis is a true value to me. Not just one fluke high/low price sale. Also, I have spent MANY hours in MANY record stores all of the country lol. Goldmine might say an album is worth 10 but if I have seen in multiple dollar bins..it is worth $1. I basiclly search many places to see what people have actually paid for an album more than once. That to me is the purtest value.

[@GrandmasDay32]

Discogs offers a user account with an option of cataloging your records on their site digitally.

[@mrhoffame]

That is why you keep a copy on a zip drive at your office lol. And I send a updated copy to the insurance company every few months.

[@mrhoffame]

@ActAccordinglyNow There are a few different things. I use a Goldmine pricing guide for some albums. Sometimes I just use my experience. I mean when you have been in as many record stores as I have, Goldmine may have an album priced at 8 bucks but I may see it in dollar bin after dollar bin so I will price it at 1 dollar, not 8. My favorite pricing method is ebay. Plain and simple, to me an album is truly not worth more than people are actually paying for it. Hope that helps

[@bluenazz]

Thanks so much for that video reminder! You are absolutely right! I've started to inventory in Excel several times but then dropped the ball. And I have thousands of records, a huge task but so important. BTW, don't forget to backup your database files (:->

[@mrhoffame]

@oatstao It took aobut 3-4 days. I think I had about 2000 lps at the time. I just kind of hammered them out all day each day lol. Thanks for watching!

[@DecemberMornings]

...from sold listings that show up on collectorsfrenzy Do you think that's a fair way to price the vinyl? I didn't want to use asking prices from eBay or discogs because what somebody asks and what somebody will pay for it are two different thing.

[@aldiakaroofus]

Question: what do they give you if your collection burns down? Money, or a gift certificate at HMV? Makes a hell of a difference!

[@Zeptyche]

This is why when I started collecting almost 10 years ago, I started cataloging my collection in the discogs database. So anytime I grab a few records I add them to my database.