For fans of early rock ’n’ roll, key vinyl LPs to collect include 1955’s Rock Around the Clock, the first 12-inch LP that Bill Haley & His Comets cut for Decca. The following year, a teenage singer named Frankie Lymon, who was sort of the Michael Jackson of the 1950s, released The Teenagers Featuring Frankie Lymon, which included their hit "Why Do Fools Fall In Love."

Other pioneers of rock include Chuck Berry, whose 1957 LP called After School Session on Chess Records is a classic of the genre. Another Chess artist was Bo Diddley, whose 1958 Bo Diddley included such early hits as "Who Do You Love?"

And then there was Elvis Presley, whose eponymous 1956 debut was the first rock ’n’ roll album to top the charts and sell a million copies. Tracks included the King’s famous cover of Carl Perkins’s "Blue Suede Shoes."

For jazz fans, collectible LP choices range from Dixieland to West Coast Cool. From 1952 on, Chet Baker recorded numerous albums, many of them live, accompanied by the likes of Charlie Parker and Gerry Mulligan on labels with names like Fresh Sound, Pacific Jazz, and Blue Note.

Another early jazz LP pioneer was Louis Armstrong, whose trumpet work and vocals on the soundtrack for the 1956 film High Society contributed to its brisk sales (Bing Crosby’s duet with Grace Kelly, plus other tracks by Frank Sinatra, didn’t hurt, either). Armstrong had another film-related hit in 1963, when an LP version of Hello Dolly! was released to capitalize on his best-selling single from the movie.

During the 1960s, a painful (to the ears) transition from mono to stereo took place. In many cases, monaural recording sessions were turned into stereo LPs during post-production, with predictably poor results. For collectors, some of the "pure" mono recordings of that decade are therefore highly prized. These include the 1963 Parlophone release of Please Please Me by The Beatles, the first Rolling Stones album in 1964, mono versions of Pink Floyd’s 1967 The Piper at the Gates of Dawn, and the Grateful Dead’s first album, also from 1967.

In fact, LPs by psychedelic bands like Floyd and the Dead are a genre of collecting unto itself. Known as Psych Rock, bands include 13th Floor Elevators, The Chocolate Watchband, and H.P. Lovecraft. In some cases, particular LPs are considered classics of this trippy art form, such as the Jefferson Airplane’s 1967 After Bathing at Baxter’s, which was reportedly mixed based on how well it would sound while the listener was on LSD.

Yet another highly collectible genre of vintage LPs is Progressive Rock, also known as Prog Rock. This late-1960s to 1970s phenomenon includes bands like Gong, Tangerine Dream, King Crimson, Yes, and Rush.

Regardless of genre, one of the best things about LPs is their generous size, which gave rise to a flood of covers with gorgeous and/or provocative artwork. There are the colorful covers of 1960s Psych records, to be sure, but go back in time a little bit and you can collect Mid-century Modern graphics disguised as 1950s and 1960s jazz albums.

Some album covers are simply legendary: Andy Warhol designed a cover for The Rolling Stones’s Sticky Fingers that featured an actual working zipper. The Who’s Tommy came with a cover-size booklet filled with art and lyrics. Robert Rauschenberg designed a clear plastic cover for the Talking Heads’s Speaking in Tongues. And if you want a copy of The Beatles’s infamous "butcher" version of Yesterday and Today, you’ve got to go back to the original vinyl.

Today, numerous contemporary musicians are choosing to release their music not just on CD and digitally but on vinyl, too. In 2007, Radiohead famously offered music files of its In Rainbows album to its fans for whatever they wanted to pay. The potentially risky gambit did not seem to hurt sales of the vinyl version of the 10-song collection—In Rainbows was the best-selling vinyl LP of 2008.

Grunge bands such as Nirvana and Pearl Jam embraced vinyl from the beginning of their careers. A rare version of Nirvana’s Nevermind was issued with a multi-colored, mottled, "splash" design on the vinyl itself. As for Pearl Jam, one of the bestsellers on eBay continues to be its four-disc recording of a benefit the band performed in 2003 at Seattle’s Benaroya Hall. The discs, which are red like the album’s cover, were issued in an edition of 2,000. The price in 2004 was $40 for the set. Today, you’d be lucky to find a sealed copy for under $500.

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