How much are your old 45's and LP's worth?

Before you can determine the record's monetary value, a lot goes into the appraisal. Every six weeks or so, one of America's famous expert vinyl record collectors and appraisers, "Mighty" John Marshall aka The Record Guy, joins me to chat about the list of records he features on his website. He appeared on my show today, and was so passionate about old vinyl you may have at home.

John presented two lists for August. One with the top 10 big money records from the British Invasion, and the second list that included the top 12 most valuable Elvis records.

For a copy of these, just email mightyjohn@maine.rr.com and simply tell John you listen to 1420 WBSM and would like the lists.

Do you have a copy of Elvis's 1959 RCA EP King Creole (maroon label)? It could be worth $7,500. A 1962 RCA 7-inch 33 of Elvis's Good Luck Charm with picture sleeve is fetching $24,000. Do you still have any Dave Clark 5 gems? Their 1964 Epic label Glad All Over (instruments not on cover) is getting $125, while the Beatles' 1966 Capitol LP Yesterday & Today ("Butcher" cover - stereo) can bring you a cool $15,000.

What determines a record's worth? Definitely, how much in demand an artist is. For instance, Elvis is very, very collectible, and this is the month a lot of us think of him because of his August 16 passing.

Whenever Mighty John is on the air with me, you are welcome to call in and ask about some of your own classic vinyl. In the meantime, visit MoneyMusic.com for some valuable oldies but goodies.

Phil Paleologos is the host of The Phil Paleologos Show on 1420 WBSM New Bedford. He can be heard weekdays from 6 a.m. to 10 a.m. Contact him at phil@wbsm.com and follow him on Twitter @PhilPaleologos.