Store old phonograph records on edge, straight up and in their sleeves.
Showing posts with label Records. Show all posts
Showing posts with label Records. Show all posts
Wednesday, May 13, 2009
Wednesday, July 9, 2008
DONATING YOUR COLLECTION
Donating your collection
If selling your collection is out of the question, you might want to donate it for the tax deduction and the pride in knowing you have created an important resource for other collectors. The inventory of Records Revisited, a Manhattan store, was given to Syracuse University by the estate of Morton Savada. The collection of 200,000 recordings made from 1895 to the 1950s, catalogs, and other materials was valued at $1 million. Now students can hear the real sound of a 78 rpm recording. If you have records that won't sell--and most won't--see if there issee if there is a local historical society, library, or museum with an interest in recordings that would accept your collection. You are then entitled to a tax deduction for the value of the collection, which is often more than the total sale value of your single records. But beware. Most old records, including the earliest ones, are worth very little or nothing. Look at sales online to see what we mean.
If selling your collection is out of the question, you might want to donate it for the tax deduction and the pride in knowing you have created an important resource for other collectors. The inventory of Records Revisited, a Manhattan store, was given to Syracuse University by the estate of Morton Savada. The collection of 200,000 recordings made from 1895 to the 1950s, catalogs, and other materials was valued at $1 million. Now students can hear the real sound of a 78 rpm recording. If you have records that won't sell--and most won't--see if there issee if there is a local historical society, library, or museum with an interest in recordings that would accept your collection. You are then entitled to a tax deduction for the value of the collection, which is often more than the total sale value of your single records. But beware. Most old records, including the earliest ones, are worth very little or nothing. Look at sales online to see what we mean.
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