Royal Spa

what to do with an old record collection

oldjones

CanBarelyRe Member
Aug 18, 2001
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i would agree with you for half of them. just old classic rock. the part that i don't know about is the thick old ones that play on an old hand crank phonograph. classical and opera.
If they're classical and opera, very few people want them. The old 78 rpm recordings needed a a couple or more discs to record a symphony, operas needed even more, so they were packaged in book format albums with envelope pages for each disc. (When we went to vinyl 33⅓ rpm, the whole album could fit on one disc, but we kept the name) It was a pain keeping them organized, it felt like you were doing nothing but changing records and all the handling soon scratched the shellac beyond what purists could tolerate. Those purists have already got new re-masters of the best performers and artists of that era, without the scratches, and unlike vintage jazz, blues and folk, there really is no atmosphere added by hearing ancient surface noise with your Toscanini. If you do have old jazz and such, you may have indeed have something there is bigger market for, noise and all.

But if the packaging and contents are in good to fine or better condition, the sort of collector who values them as artifacts may want them, and there's always the chance there's a recording that everyone thought was lost forever. Or that was a niche market no one much cared about back then, like early Canadian music. That would be worth something, but the trick would be finding the expert to look at the trove and recognize it. If you think you might have something and can describe it to make it sound intriguing, I'd put the folks at the CBC Music Library, The UofT Faculty of Music and the Library of the Royal Conservatory of Music on your prospects list. Even if they haven't got money, they do have expertise, and maybe even a spare student who could come out and eyeball them. Check out http://www.78rpmrecord.com/ which includes selling tips.
 

Viggo Rasmussen

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Feb 5, 2010
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If you donate the leftovers to a thrift store, give them to the Salvation Army rather than Value Village or Goodwill which are not good charities.
 

Ridgeman08

50 Shades of AJ
Nov 28, 2008
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Make a roof outta them...



Or serving bowls:



or how about a clock...

 

lenny2

Well-known member
Jan 18, 2012
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In order for that to happen, the records need to be appraised. How much would that cost? Is it worth the trouble?
If you appraised them yourself, the cost is nothing but your time which would vary depending upon your knowledge and how extensive the collection is, etc. If you were a billionairess travelling the world in her own ship, then it might not be worth it to you, monetarily speaking.
 

shakenbake

Senior Turgid Member
Nov 13, 2003
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Durham Region, Den of Iniquity
www.vafanculo.it
If you appraised them yourself, the cost is nothing but your time which would vary depending upon your knowledge and how extensive the collection is, etc. If you were a billionairess travelling the world in her own ship, then it might not be worth it to you, monetarily speaking.
Would the CRA accept self-appraisals? Possibly, if the appraiser was in the business of doing such work, or could prove the value of the goods are in line with the appraisal. Just sayin'.
 

Gentle Ben

Senior Member
Jan 5, 2002
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If you donate the leftovers to a thrift store, give them to the Salvation Army rather than Value Village or Goodwill which are not good charities.
Value Village is not a charity, it is owned by multi millionaire brothers. they pay the charity cents on a pound for the product whether saleable or not. VV makes far more money that the charity they are selling for does....
 

lenny2

Well-known member
Jan 18, 2012
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Would the CRA accept self-appraisals? Possibly, if the appraiser was in the business of doing such work, or could prove the value of the goods are in line with the appraisal. Just sayin'.
This seems to be the CRA position, from their own website:

Fair market value is usually the highest dollar value you can get for your property in an open and unrestricted market and between a willing buyer and a willing seller who are knowledgeable, informed, and acting independently of each other.

...The onus is on charities to ensure that the fair market value reflected on official donation receipts is accurate.

...How does a registered charity determine the fair market value of a gift in kind?

Generally, if the fair market value of the property is less than $1,000, a member of the registered charity, or another individual, with sufficient knowledge of the property may determine its value.

The person who determines the fair market value of the item should be competent and qualified to evaluate the particular property being donated.

If the fair market value is expected to be more than $1,000, we strongly recommend that the property be professionally appraised by a third party (that is, someone who is not associated with either the donor or the charity).

If the property is appraised, the name and address of the appraiser must be included on the official donation receipt.
http://www.cra-arc.gc.ca/chrts-gvng/chrts/prtng/rcpts/dtrmnfmv-eng.html

BTW a record collection worth $5000 could be donated in $500 portions over a number of years.
 

shakenbake

Senior Turgid Member
Nov 13, 2003
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simon482

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Feb 8, 2009
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So, we are both correct. It is nice to know this about appraisals. But, proceed with caution and due diligence.
thanks for the pm, i am gonna be looking into it a little more. appreciate it.
 

lenny2

Well-known member
Jan 18, 2012
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So, we are both correct. It is nice to know this about appraisals. But, proceed with caution and due diligence.
Yes. If you want to self appraise, then taking screen shots of your internet findings re prices has been suggested as well as photographic evidence of the items you intend to donate.
 

simon482

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Feb 8, 2009
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he has a lot of antiques to get looked at and i have a lot of researching to do. the records if they sell are just going to be paying for my gas taking shit places. i took 2 fully loaded battery powered scooters and 4 walkers to a church to give to seniors. took all his clothes after washing them to a men's homeless shelter. a lot of shit out there, 40 years of hoarding and collecting.
 

simon482

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Feb 8, 2009
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tsgarp101

Active member
Apr 4, 2005
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What is not mentioned is the quality/condition of the records. To a collector, the state of the vinyl is important (scratches, visible marks), but also the cover/sleeve. Is there water damage, the sleeve split, writing etc.
With the resurgence in vinyl/record collecting, people tend to overestimate the value of what they have(there is the rare occasion when they are right). As a collector, with over 5000 albums I see this all the time (I have also been guilty of it a couple of times).
Research what you have, Popsike is another good site. Put the whole lot on line and hope to make a few dollars. There person contacting you will be most likely a dealer, who will lowball you.
 
Ashley Madison
Toronto Escorts