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Goldmine Record Album Price Guide, by Dave Thompson
Ebook Goldmine Record Album Price Guide, by Dave Thompson
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Music Matters!
With its rich history of appreciation for the format and featuring more than 110,000 albums covering 60 years, Goldmine Record Album Price Guide, 9th Edition, is the best and most trusted resource for buying, selling or simply enjoying a vinyl album collection.
This completely vetted and massive reference features:
- More than 110,000 American-released vinyl albums
- Current values and key identification information including artist name, record label, catalog number, format details, release date and more.
- Rock, Pop, Jazz, Country, Blues and more
- Various Artists Collections, Soundtracks and Original Cast Recordings
- An easy-to-use format for effortless discovery and enjoyment
- The Goldmine Grading Guide, the most widely used guide for determining condition in the hobby today
- Sales Rank: #52704 in Books
- Brand: Goldmine
- Published on: 2017-03-29
- Original language: English
- Dimensions: 10.88" h x 1.50" w x 8.25" l, .0 pounds
- Binding: Paperback
- 800 pages
About the Author
Dave Thompson serves as researcher and pricing expert for an array of Krause Publications vinyl record guides, including the Standard Catalog of American Records, Goldmine Album Price Guide and Goldmine Jazz Album Price Guide. Thompson has published more than 100 music related books and is a regular contributor to Goldmine magazine.
Most helpful customer reviews
66 of 69 people found the following review helpful.
A Disappointment
By Mark in Minnesota
This is a big disappointment. As someone who does some dealing in used records, I had hopes, and indications, that Goldmine was going to put some work into revising their record values. No such luck. While there are some changes and improvements in this volume, a high percentage of the prices quoted still remain unchanged from the 2003 edition, which is the earliest I have. Considering the way the market has changed over the years, especially since the advent of eBay, a book with prices unchanged since 2003 will inevitably be misleading.
Let me give you an example of what I am referring to. Several years ago someone, somehow, determined that the Soundtrack lp for "High Tor," which featured Bing Crosby, was worth $400. I became aware of this probably close to twenty years ago and initially thought that the lp actually was valuable. In subsequent years however, I saw several copies and even found one which I bought for resale. Even at very low prices I had no success with it, and I ended up selling it to a used record store for a dollar. There are currently eight copies available on eBay, and popsike (which lists nothing under $25) lists nine, all of which sold at less than $100. It should be apparent then, that the lp is not exceptionally rare, there is little demand for it, and that when it does sell, if it sells at all, it brings far less than $400. Still, if you look in the Bing Crosby section of this price guide, there it sits, still at the $400 mark.
This is admittedly an extreme example, and I am not saying we should condemn this price guide on the basis of one highly questionable value. The problem is there are probably thousands of albums whose values need to be reassessed and perhaps, revised. In my opinion, almost all common country albums from the 1960s are overpriced, as are most recordings of early style jazz. Modern jazz, on the other hand, tends to be under priced, and while Goldmine has made some progress is this area, there is still plenty of work to do. I could also point to several artists whose whole listings may need to be revised (there are currently about 660 Ricky Nelson lps listed on eBay, yet Goldmine still prices them as rarities). I could go on and on with examples, and would be interested in what other dealers think in this regard.
Certainly it would be a time-consuming task to make the needed changes, but the resources are there. It should not be difficult to keep track of eBay results and popsike is a valuable online source also. It would not hurt to visit record stores or even talk to dealers to get their opinions. I simply do not understand why Goldmine continues to pump out price guides with the same old inaccurate values. Is there some psychological barrier to lowering prices? Do they rely exclusively on the opinions of "big-time" dealers who have a vested interest in keeping prices high? Perhaps it is sheer laziness or indifference. In the introduction the author gives some examples of common albums for which there is little demand. One of those is "The Glenn Miller Carnegie Hall Concert" which he states is worth "$5 or less." That sounds about right, but if you look in Glenn Miller's listings in the book, that same album is still valued at $40. There is no excuse for such slipshod work and this leads me to suspect that Goldmine may know many of its prices are out-of-date, but cannot be bothered to change them.
Despite all this, I could probably recommend this book to any collector or dealer who does not have any of the earlier editions. One gets the feeling they actually have worked on the discographies, and they seem to be well done and comprehensive. Anyone who has this book can use it as a guide to what is out there and it is, in many respects, a wealth of information. Plus, once one gets a feel for the inaccuracy of the prices, it can be somewhat of an indication of worth, especially for lps of certain genres.
Until Goldmine decides to be more accurate in its values though, this volume is, at best, a mixed blessing for the record collecting hobby. It will give collectors an unrealistic view of the value of their collections and will make life difficult for record dealers who attempt to purchase their collections from them. In many respects this book does a disservice to the hobby Goldmine purports to appreciate. Maybe they'll do better next time.
11 of 11 people found the following review helpful.
disappointing
By Alan Campbell
Very few prices were updated and they don't seem to accurately reflect what records are currently selling for on auction websites. There were several records that were listed in previous edition that were mysteriously deleted. If you don't have any previous editions, this book may prove useful, but since I already had the last edition, buying this one was a complete waste of money.
34 of 37 people found the following review helpful.
A "price guide" to be taken with a grain of salt... or maybe the whole shaker!
By Snipes
Let's face it, price guides are essentially a scam. A great big money grab on collector's of almost anything. Anything that's collectible are like stocks in the stock market, constantly fluctuating based on the whims and desires of the collectors at large (aka the market). You wouldn't buy or sell a share of stock based on a static price out of a book that's updated MAYBE once a year, taken from who knows where, collectibles are no different. That's not to say price guides don't have some use, it's just unfortunate that their use really has little to do with what people mainly buy them for in the first place... the prices.
If you've ever used a price guide before normally the prices stated in the book are for the top condition specimen, and even if you had a perfect item that's typically a bloated price that you'd probably never get, because no one wants to pay the top dollar. Usually it's the price you could expect to pay if you were to buy a perfect item from a retailer. So with that in mind you can at least check your prices knowing it's likely to be below the stated price. Goldmine appears to be an entirely different bird, its prices are all over the place really making the advertised use of the guide useless. Not only are a lot of their prices highly overstated, but highly understated as well. Out of a small sample of records I looked up, about half came out priced too high (like a $40 record that normally sells for $10 or less online in NM condition) and half too low (like a record that consistently sells online for $500-600 in VG-NM condition they have listed for $200 NM, lower than a repressing they have for the same album sells for less than that!).
Pricing on mono vs stereo seems entirely out of whack too. I understand it's a commonly held belief that up to say 1967 stereo is actually worth more than mono releases because in the early years of stereo they were actually priced at a $1 more than mono and didn't sell as many, then in the late 1960's when mono was being phased out it actually flipped and mono was more expensive to buy so anything release 1967 and later in mono is worth more, but the current market doesn't reflect that. If you look a sites like Discogs or search albums on eBay you'll notice albums released in both stereo and mono at any time are much rarer and go for higher prices in mono. So Goldmine reflects a trend in this area that seems to no longer be the norm.
So is there any point to buying a price guide that's essentially all over the place compared to actual market sales and still following trends that are no longer happening? It depends. If you're someone whose not a collector, say you inherited someone's collection and your looking to sell it off and need an idea of value I would not look here, or any price guide for that matter. Your best option for current value is current sales, and Goldmine is far from that on all accounts. Look to eBay sold listings, and sales history on sites like Discogs. It's not going to take any longer to do an album search there than in would searching through this book and trying to figure out if Goldmine's price is over or under stated, and by looking at actual sales you can price your items to sell, not sit around forever or the even worse scenario sell them for less than their currently going for.
If you're a collector of modern day artists and releases I wouldn't bother with this book either. It's pretty clear the author is in some regards more familiar with the rarity of pre-1990's releases. Take for example the Alternate Rock group Maroon 5. Goldmine has only one of their LP's listed (Song's About Jane) and it's listed at a whopping $15.00!! A simple eBay search will lead you to discover just how high in demand Maroon 5 LP's are. The group only released very small pressings of their albums through their website, not through retail stores or other websites so on average their albums sell for $150 in VG+ condition. A NM or unopened copy of Song's About Jane recently sold for over $200. So I don't think you'd be able to find even the cover alone for $15!
So now that I've pretty much talked you out of buying this book, let me tell you why in the end I'm still not disappointed with the purchase. Aside from the fact Goldmine's prices might have well have been randomly pulled out of a hat on 75-80% of their listings, the book is still well put together and while the prices may not be worth putting much stock in the other information can be helpful. If you're into the big artists like Elvis, the Beach Boys, the Beatles, etc this book would be helpful in delving through the numerous versions and pressings and while I would't put much stock in their prices you can get a fairly decent idea of what might be rarer at least as the book seems to be somewhat correct in the pricing range within an artist, meaning a high priced Elvis album might be over or under priced but it's still worth more than their listing for the $10 LP (even if it's going for $40). It's confusing I know, but if you look up enough albums and compare them to the actual market price you can somewhat crack the glaring inaccuracies of the prices and at least determine some useful information.
Overall, if you're looking for an additional source this book might help out, for me it's basically my last resort which sometimes you'll find is better than nothing. If nothing else it's probably worth just flipping through the pages and finding albums you never knew existed. I wouldn't use it to sell anything, and I wouldn't use it to determine how much I should pay for something unless I couldn't find prior sales anywhere else, which has happened a couple times with some less popular artists, but you have to have done enough comparing between the book and online sales on other albums to kind of be able to estimate a more realistic price. Also as a side note the book only contains info on full length albums, no 45's or singles. That was fine with me as I'm not into those, but I was bummed to find no soundtracks either, or albums with various artists unrelated to soundtracks.
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