Why Would Anyone Ever Sell Their Vinyl Collection To A Record Store?!? | Talking About Records

[@guessundheit6494]

I permanently moved overseas in 2001 and couldn't spare the weight. Friends didn't want to take my record collection (400+), they wanted CDs. It was either get something for them, or into the garbage. I hope somebody bought them and still enjoys them.

[@NTXVinyl]

That’s tough. But yeah at least they didn’t go in the trash - I hear that all too often

[@vv247]

Before discogs I brought some collectable 45's into a shop and he was wow these are great to see ...he was straight up I'll give you 60% of the value for these and a one he said you really want to sell this ? A good dude 😅 . Thankfully today with discogs a record store can see exactly what its worth and shame on them if they rip people off.

[@edwardevans652]

@vv247 Yes, I tell older people who are downsizing their collection to go to Discogs, Popsike, Goldmine to get the FAIR value for their most popular records. I’ll even come over to help sort out the worthless stuff and say: “DO NOT sell this pile of records for any less than 90% - 70% of what they are worth.

[@andrewninnemann5931]

@@edwardevans652 90% of what they're worth?? the cost is in the cleaning, grading, posting online, and waiting with time for a buyer to come along...leaving a 10% margin for all that effort doesn't really seem fair

[@ataribowlingcgc4465]

Even if you are a collector and know how to source, there are times where a record store is vstill ery helpful. When my father in law passed away, he left behind a lifetime of collecting great music. My wife and I ended up keeping 90% of what he had in his house. What we didn't know was that he also had a storage locker full of 45s from one of his side hustles which was repairing old jukeboxes. I was more than happy to go into partnership with a record store to help move those records at prices where we were happy and the store made a nice amount of money for all the effort to needed to get those sold. On a smaller scale, I keep a bin for doubles I end up with that are worth somewhere in the 5-20 range and when it gets full, I bring it to a local store and trade it in for records I do not own.

[@NTXVinyl]

Right on. Appreciate you watching

[@semperfi-1918]

And some well known or popular record stores sometimes cant take them in but if they have the network they would be able to lead them to who likes that genre or would be interested in taking them. I give mine enough business that one collection was gone through and they told the person there that they could not take anymore roght now. I made a suggestion id take them sight unseen and id take the rick so they wouldnt have to reload them and they could take the ones they wanted. Not only did i spend a 50 at the store... i also saved 100+ records from the goodwill. Found some good sealed ones and worth a few dollars. Im in the process of organizing what i want to keep and start a dollar bin to start my sales. Goona put up some videos on what i got going on. But keep up the great work.

[@progpunk76]

I've got a couple thousand records and pulled about 250 that i don't listen to anymore and just started selling them on Facebook marketplace. So worth it. Made about $3000 in a month and a half and have probably 180 left still to sell. It's so worth the time to sell em" yourself!!

[@NTXVinyl]

Absolutely. If you have the expertise, patience, and time to deal with many conversations and appointments it’s a no brainer.

[@danbk99]

In 2014, i sold my collection of about ~350 albums for about $250.00 to a used vinyl place. I needed the money and was pleasantly surprised to get that much for them. It was mostly mainstream stuff, (70s-90s rock, pop, R&B, ) although there might have been a few rarities in there. I still have about 500 45s, though.

[@NTXVinyl]

Thanks for watching!

[@PaleVillian]

Damn, $250 for 90’s albums. I bet you probably had some rare and really hard to find albums nowadays but just didn’t know it at the time. I know what it’s like to Need money and having to sell stuff at atrocious prices😢.

[@vinylrob6305]

I appreciated your video. My gripe is that so many that will tell you that they'll buy your records have no real knowledge of the music. They pass over a lot of records simply because they have never heard of them. I wish they would take some time to learn about the histories of country, rock and r& b music. I have close to 10000 records of all speeds. It is a very high quality collection. But I bet if I offered my Church Bros. Nm 78 on Rich r tone or Johnny Burnette Trio 45 on Coral nm , Id probably get offered 50 cents with someone telling me how hard it would be to move and that no one has even heard of them. I have a disdain for for many so called crate diggers. Just my 2 cents worth. Again, thanks for your video.

[@chrismiceli5023]

The only thing you never, ever, EVER do is donate vinyl records. The company I work for is a vendor for Goodwill and I’ve seen firsthand how things actually operate. The percentage of donated items that actually make it to the sales floor is staggeringly low, especially with books, movies, and records. Donation chains have very large spaces in their warehouses where large trash bins are constantly filled up and on the move. In most cases the trash area is larger than the storage area for kept items. I shudder to think how many valuable records have ended up in a landfill because someone’s heart was in the right place, but they didn’t know the value of what they had.

[@Jhon-Rocks]

That sounds tragic. I never see decent records at Good Will .

[@jimswenson2411]

This is the perfect argument for NOT buying records as an investment. Buy 'em listen to 'em and enjoy them. I have just over 1200 classic albums, most 60's and 70's. Most are NM, almost all, 99% or more are VG+. I've taken very good care of them. I've ripped over 400 of them that I listen to on a day to day basis. Recently I moved and considered selling them and contacted three local used records shops in or near Boston. Two said they were not interested. The third said they would take them off my hands. They would come box them up and remove them for free. Needless to say I kept them. So, you'd be lucky to get pennies on the dollar. I recently been known to say it's a moot point since I'm now keeping them until I drop dead or get put into a assisted living facility.

[@NTXVinyl]

Totally agree. Collectors hoping to flip their LPs for tons of profit are in for a rude awakening- unless of course they want to spend their own time selling them - otherwise it’s a really bad “investment” like you said.

[@frankwebb9167]

Another fantastic video!!

[@NTXVinyl]

Thanks again!

[@luigivincenz3843]

My 2C: there are only 2 types of vinyl collectors. Those who listen to them, and those who keep them to eventually SELL them. I'm more to keeping them for my enjoyment. BUT I do listen to offers. and look at how much they're worth on the market. I do plan to pass them on to my kid but while I'm breathing on this earth, I keep em.

[@NTXVinyl]

Same! Grooming my kids to appreciate them - and they already do at 9 and 13

[@setaside2]

I'm about to put my Pearl Jam collection up on the market. I really appreciate the advice, here. I learned a ton. Have to decide if I'm calling the local record stores or if I'm starting with marketplaces. Time v money, indeed. Thank you for this.

[@NTXVinyl]

Glad I could help!

[@DorianPaige00]

As a store, you got the money and the time!

[@thomasmurray9249]

Good video, good advice. Years ago i decided to sell off the baseball cards i collected as a kid. The cards i had did have decent collectabilty so i sold them on ebay and made about 4 times the amount a store would have given me BUT it was a huge amount of work. It was a good learning experience but I'd never do it again.

[@dxer22000]

one reason would be a deceased estate. The relatives don't want em & can't be bothered with them, so they'd dump the collection at a store - sell as a bulk lot.

[@VinylandKicks86]

a lot of shops will try to get over on you and offer you next to nothing, so i rather avoid selling to a record shop.i get it shops have over head cost but still not right to do people like that.

[@NTXVinyl]

It’s like I said. If you wanna do the leg work you will absolutely make more money when it’s all said and done. Otherwise you’re selling wholesale if you don’t wanna deal with it

[@edwardevans652]

@VinylandKicks86 I’m with you. Even if I acquired a bunch of really good / valuable records and a record store offered me ONE dollar for a $10 album, I telling the store owner, NO. If the record is worth $10, I’m asking for $4.00 cash, for an album worth $20 I’m asking for $8. There’s no way I’m taking pennies on the dollar selling to a store. I have GOOD friends who own record stores, they don’t clean, re-sleeve used records. They grade, price and put them in the bins. I’d tell anyone with a fairly large collection to look up the average price for all of their most popular records and ask for HALF the value. If they say: “I’m not going to pay you that,” You should walk! If I have 1,000 Andy Williams, Al Hirt, Mitch Miller, Lawrence Welk, I’ll give you them for FREE. Sure, I need 90% of the value for a Beatles first press “Butcher Cover,” but I suggest people who want to get rid of bulk VALUABLE albums, be patient, don’t settle and go to a buyer who’ll give you THE BEST DEAL!!!

[@NTXVinyl]

@@edwardevans652 Don't disagree at all. If you have the knowledge, expertise, and time to deal with piecing out your collection you should absolutely do it yourself. Most people don't have those advantages and need the albums gone, sometimes immediately. We get calls al the time from people that literally have them in their car and need to make an appt at that moment to sell, because it's either that or they have to discard them.

[@VinylandKicks86]

@@edwardevans652 exactly, your comment i 100% agree with.

[@edwardevans652]

@NTXVinyl I get it. My friends who own record stores, gets adults cleaning out their grandparents and parents home after a death and families that do Estate Sales and live out of town or they are way too busy to categorize and price a vast collection. I agree with you regarding people who don’t have time to price old records and want it done all at once, visiting independent record stores and the merchants give them a flat price per box. If those folks include a “Satanic Majesties” with the hologram cover and neglected to check value, that’s on them for dropping the ball and congrats to your store. My friends have widows or widowers who come in with 100+ records, but I’ve seen these owners be compassionate and pay up for that first press “A Love Supreme,” not wanting to take advantage on the elderly and the grieving. It’s good karma being nice and fair.

[@kaylakain6039]

I go to thrift stores just to look for my favorite records and found some I was gifted a record player that was Bluetooth compatible and find old records from my parents childhood

[@chrisames2795]

Nice Shirt appropriate for sure

[@sethmishne]

I sold about 9 or 10 records last year to my local record store that i wasn’t listening to anymore. They gave me $40 in store credit but none of them were super valuable albums. I could have sold them online but i didn’t want to have to figure out how much to sell them for.

[@NTXVinyl]

👌🏻

[@randymixter7432]

For some sellers, the price they receive is secondary to a quick and easy sale. I've found this out the hard way when a seller tells me not to bother coming to their house, he or she decided to sell their 2,000+ near mint rock and jazz album collection to the large record store close to their home for pennies on the dollar.

[@NTXVinyl]

That’s exactly right. Many people just need them gone, asap - so a lesser amount is not an issue. They just need their problem solved immediately

[@Jhon-Rocks]

I am going to sell my collection of 1000+ records and 30 - 40 box sets. I'm in Southern CA.

[@BillyHell01]

I have no intention of ever selling my collection - so when I'm old I'm going to List them all out with prices etc... so my sister can sell them and make what they are worth, My thoughts on record stores are not allowed on you tube, If I pay $500 for a record and you try and give me a few dollars I will sell it to a collector who wants it not just the money they will make from it. When I worked in a record store in the 90's we paid around $17 for a CD from distributors that we sold for $30+, They came way down in price since then - when someone came into sell stuff the game was to pretend you doing them a favor by taking them off their hands, We knew what was worth money and acted disinterested when we saw the hope in their eyes because they knew the item was worth something to us, we were mainly looking for ourselves and if the boss wasn't there we would take them home at cost and they would never go out in the store

[@NTXVinyl]

Wow

[@VinylPro]

SO AGREED; IT IS TIME TO SALE ALL OF EM..... NEED NEW FORMAT !

[@NTXVinyl]

🤣🤣🤣

[@carolcoleman7107]

I don't have record player any more so guess I might as well see my records. Looking something good to play my cds on

[@jeffreysturges8641]

When I bought my home it came with around 300 classical records in all kinds of condition. Or did I buy 300 classical records that came with a house?…….. Anyway, not sure what to do with them! Picked out a few interesting ones for my own listening but the rest? No record store wants any of them as they don’t sell, and I hate to put them in the trash.

[@NTXVinyl]

We have loads of that stuff as well, don't throw 'em out. Donate to a Good Will or some place like that.

[@jeffreysturges8641]

@@NTXVinylas an elementary school teacher I might try to figure out some sort of art project.

[@Soulfulocs]

Should I donate if the album covers are damaged?

[@NTXVinyl]

Most likely. The vast majority of collectors won’t buy LPs with drastic cover damage (e.g. water, mold, smoke, cats)

[@robison5396]

Axis of awesome.

[@swingarmer]

LOL, Somewhat truthful. However, I and many others, have records in very good cond. I find this argument misleading and somewhat of an advertisement for a hopeful "industry standard" for record stores to give you nothing. New records are anywhere between 20 and 35% margin. These still need to be received priced and stocked. Sad fact, bricks and mortar shops are struggling for reasons we have all let happen.

[@NTXVinyl]

Nothing misleading here at all. Whoever does the work will be rewarded with the profit. That’s it.

[@swingarmer]

@@NTXVinyl Well we bring the product to you. Your customers come to you. Or do you sell the bulk of your items online? also the costs associated on a per unit is inflated by you IMHO.

[@davepounds8924]

Yes if you want the best prices for your collection don’t sell to a record store like yourself You want to make money so you’re not going to give anything near what the record is worth but maybe people don’t want to deal with discogs so they will take a lower price

[@NTXVinyl]

Correct. Whoever puts in the time and energy to sell individually will make the most money. If you sell in bulk, you take a huge cut for the convenience of unloading it all at once

[@chrisames2795]

Isn’t there a formula for stores to pay or trade ? Time overhead profit. Collectors don’t profit but a quality collection (cataloged, graded, cleaned , and sleeved) deserves ? Half of retail or half what it’s insured for. I had about 20 sealed popular records. Owner offered me 50% in trade. 😮 I thought wow what’s the markup on these new albums? The opportunity cost for record store owners isn’t very high considering they have a highly valued job. My belief is buy ,trade, sell locally Zero shipping ✌🏼

[@NTXVinyl]

There are certainly commonalities between stores. But because lots of things differ (e.g. overhead costs, leases, # of employees) there’s no real standard. Some stores can simple afford to pay more, or at least are willing to. So many variables

[@billgarza-db9he]

My record collection has gotten to large to mange but I won’t ever sell to a record store, never! I’ll dump them in a landfill before I deal with those shysters. Thousands very collectible I’m gonna toss them all. They all give you this sad story of how hard it is for them. They buy records for pennies one day and the next day they’re on the shelf.

[@NTXVinyl]

You clearly took the video to heart 🤣

[@buck7477]

Record stores will rip you off. Bad.

[@NTXVinyl]

Some will. Some won’t. I don’t rip off anyone based on the amount of time and work that’s involved to sell a large collection one by one.

[@JazzCrazy]

There are a lot of people who think they should be able to sell an entire collection to a record store for 100% retail value on each and every record - and that anything less is a "rip off". It's just not realistic. If you want 100% retail value - you have to do the hard work: Clean, grade, sleeve, research, price, photograph, post on eBay/Discogs, package, ship, and deal with buyers. Anyone who has ever tried to sell a large collection of records individually knows that it takes a lot of work!

[@NTXVinyl]

@@JazzCrazy Amen to all that! Preaching to the choir

[@crapmalls]

For money 🤷‍♂️

[@davidheafield1436]

As an ex record shop owner you come to learn that 90% of people don’t have a collection , they have an accumulation. All they see is volume “ there must be over a 1000 records in these boxes and your only offering me £30?” “Yeah, because I only want 4 of them the rest I have to take down the tip”

[@NTXVinyl]

Yeah…..I donate hundreds of albums a month. Literally have 40+ boxes in storage right now of all LPs waiting to land at Good Will. Always have to take the unsellable LPs along with the good stuff. But you can’t pay for it.