I'd love some feedback from those of you that buy collections from individuals. I'm not really talking about buying from fellow collectors but more from people that have records in their garage, basement, closet etc. or at estate sales, yard sales. I have bought a few and wonder if I'm doing it right. Below is an example I posted earlier on another thread. If someone has 500 records and want to sell them "all or nothing" then I think 50 ceents to $1 per is a reasonable price. Everybody thinks their records are worth a lot more than they actually are. Eighty percent of all the records out there are worth between $1 and nothing while they are sitting in a box. Clean them up, repair the jacket, play grade them, put them in new inner and outer sleeves and half of those are still unsalable, either because no one wants them or they aren't at least VG-. The other half of those 400 records are now at best worth $3 to $5 at a record show or consignment booth, maybe a little more at a brick and mortar. That leaves 10o more records. Discard a third of them because of condition and you have 66 left. 60 of them might bring $5 to $7 ($7 to $12 brick and mortar) That leaves 6 valuable records if you are lucky. Maybe they bring between $120 and $140. But often those 6 valuable records aren't even in there. So out of 500 records bought maybe just over half (266) are going to actually get sold. The buyer is going to have expenses like rent (whether it is a table at a record show, storage unit, consignment booth or actual store), supplies, travel, etc. Time is also a major factor. The seller gets their money on the spot it might take the buyer months just to get back what they paid for the records, much less starts making any money. So lets say those records are bought for $400 or 80 cents each. There is more than likely, if my estimates are accurate $1,000 to $1,300 worth of records in there. So the buyer is purchasing that collection for about 30 to 40 percent of their retail value. That seems to me to be more than fair. I'm not saying this as a authority. I'd love to hear what others think. My feelings will not be hurt if you ripe my assessment to shreds, just tell me where my reasoning is faulty.