Let’s talk about collecting rare vinyl records. How much is any given record worth? It depends on two things. First, demand. You may have a one-of-a-kind recording, but if no one else cares, it’s not worth anything. The second criterion is the condition of the record. Collectors use a grading system with “mint condition” as the top grade. A “mint” record looks like it just came from the store and might even still be sealed or unplayed. Below that is “excellent,” which indicates that the record has been played but is still in great shape.
From there, we have “very good,” which means the record shows signs of being played a number of times but still looks and sounds good. Then we descend to “good,” “fair,” “poor,” and “bad.”
Who determines the grade of any record? The seller can try, but it’s the buyer who makes the ultimate call.
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