A Gold record is a song or album that sells500,000 units(records,tapes and compact discs). The award was launched in 1958; originally,the requirement for a Gold single was one million units sold and a Gold album represented $1 million in sales (at wholesale value,around a third of the list price).
What was the highest price gold ever reached?
What Is the Highest Gold Price in History? Gold prices reached a record high price of $1,917.90 on August 23, 2011. On April 15, 2013, the price of gold fell by a record $145 in a single day for a 9% loss. As of March 2015, most gold is used in jewelry.
What is the current price of gold per ounce?
Gold Price in Scrap Today: per oz 1,932.63 United States dollars. Scrap gold prices for per ounce, tola and per grams as 24,22,18,14,10 and 6 carats at livepriceofgold.com Most current gold price in United States dollar 24,22,18,14,10,6 carat
What is the historical price of gold?
Up next is a historical gold price chart that covers the entire history of US dollar gold prices from the year 1776 to 2019. For the majority of non-war US history, the price of gold was steady at $20.67 per oz USD. The first significant ramp in the US dollar gold price followed right after the end of the US Civil War.
What is 14k gold per ounce?
In respect to this, what is the price of 14k white gold? 14k is 58% gold and there are 31.1 grams in a Troy ounce. Today gold is $1214/oz on the bullion market. That makes the gold content of 14k $22.83 today. Add the alloy, a bit of labor and some distribution costs for retail and $27/gram seems entirely reasonable, cheap even.
What is a platinum record?
In the US, records are formally certified gold, platinum, multi-platinum or diamond by the Recording Industry Association Of America (RIAA) — you might know the name because of all of their file-sharing lawsuits.
When did the platinum award come out?
Platinum awards — meaning one million album units shipped — first appeared in 1976, multi-platinum awards in 1984, and the Diamond award in 1999.
When did the RIAA start certifying albums?
Taking the expression “gold record” (meaning a hit single or album) from the figurative to the literal, the RIAA instituted a formal certification process in 1958 by creating the gold award, which was an honor earned when a single or album shipped 500,000 units to retailers (minus returns) — not necessarily the actual sales.
How much does a platinum plaque cost?
The gold and platinum plaques, which cost about $100, are neither gold nor platinum, but colored plastic. And they’re almost never made from actual copies of the best-selling products they honor. Usually the records, cassettes, and CDs on the plaques don’t even contain music.
What does platinum mean in music?
Because a gold, or platinum — or, better still, multi platinum — record means financial success . These awards, given by the Recording Industry Association of America (RIAA), represent huge sales — 500,000 albums for gold, 1 million for platinum, 2 million or more for multiplatinum.
What is Debbie Gibson’s album "Anything is possible"?
Ellis says a recent gold award to Debbie Gibson’s album Anything Is Possible, which never charted higher than No. 41, is questionable. ”It can’t sell a half-million copies in a month and not reach the top 20,” Ellis contends. (Gibson’s previous albums went multiplatinum.)
Who is Gibson’s label?
Gibson’s label, Atlantic Records, has no comment. Music executives hope that gold and platinum certifications will create a bandwagon effect, making sales grow ever larger.
Who is Michael Ellis?
Michael Ellis, chart director for Billboard, argues that the RIAA bases its awards on the number of copies a record company sends to stores, without subtracting the sometimes large numbers of unsold units stores later return.
What is RIAA certification?
RIAA certification entitles the authorized record label to purchase official RIAA award plaques bearing the trademarked RIAA hologram seal from licensed plaque manufacturers.
How does the RIAA approve a request for certification?
Once all required documentation is provided, the RIAA will approve your request for certification by emailing you and our GR&F auditors to proceed with the audit process.
How to get a RIAA plaque?
This authorization must come from the certified title’s music label, which must first authorize plaque orders before they can be manufactured. Once an order has been approved, the licensed framer can work with you to determine the design and quantity of awards. If the music label no longer exists or no longer has the rights to the sound recording/s, permission for the plaque would need to be obtained from the rights holder of those sound recordings. Please reach out to any of the following licensed RIAA award manufacturers to learn more:
Where to send RIAA Gold and Platinum certification?
1. All requests for RIAA Gold & Platinum Program certifications should be sent to [email protected] for approval with the following information filled out in the RIAA – Certification Request Excel (available to download here). All required information must be complete in the Excel for a certification request to be accepted by the RIAA.
What happens if you don’t complete the RIAA form?
If every field is not correctly completed on the request form, your request will not be approved and you will be notified by a representative from the RIAA.
What is auditing music?
The audit calculates what product has been shipped for sale and/or sold or streamed online, net after returns for the life of the release. When certifying audio and music video releases, the independent auditor is careful to survey the entire music marketplace.
Does the RIAA remove counterfeit awards from auctions?
We regularly work with our member companies and outside agencies to ensure that counterfeits are not readily available on the market. Working together with Sotheby’s and other auction houses and in coordination with its anti-piracy division, RIAA has been able to identify and remove unauthorized awards from auction. If you believe you have located a fraudulent award (a plaque that claims U.S. sales certification, but does not include the RIAA hologram logo), please report it here.
Gold & Platinum News
RIAA’s historic Gold® & Platinum® Program defines success in the recorded music industry. Originally conceived to honor artists and track sound recording sales, Gold & Platinum Awards have come to stand as a benchmark of success for any artist—whether they’ve just released their first song or Greatest Hits album.
Along with minimum sales and streaming figures, a number of other criteria accompany each title considered for certification. The list and table below describe what titles and types of sales and streams can be considered for the awards.
United States distribution
Record labels are required to validate that titles redeemed through product sales/on-demand streams and counted towards certification have actually been distributed or downloaded within the United States. Only domestic sales and sales to United States military post exchanges may be included.
Other sale requirements include
Export sales outside of the United States are not included in certification.
Initial pre-orders of digital albums are not counted towards certification. Pre-orders only count towards certification after the album is released, and the user receives a copy of the digital album.
What factors determine the value of a vinyl record?
Because the condition of a record is held to be important by collectors , the ideal example of a record to own, in the eyes of many collectors, would be one that has never been played at all.
How important is it to evaluate a vinyl record?
While all of the factors listed above are important when it comes to evaluating a vinyl record’s value, perhaps none is as important as the condition of the record. Most mass produced records sold over the past 60 years or so have been poorly cared for by their owners. They may have been played on low-quality equipment, stored outside of their covers, and handled by their playing surfaces, rather than their edges.
What is the most important factor in determining a vinyl record’s value?
A significant factor in determining a vinyl record’s value is the label on the record itself. A given album or single might have been released with several different labels on the disc itself, even among releases by the same record company.
What affects the value of vinyl records?
One factor that can affect vinyl records value is if the record in question is a promotional issue, as opposed to a commercial, or “stock,” copy of the record. Promotional, or “promo,” copies of a record are often identified in some way, and they often have a special label that indicates that the particular records was made for promotional, or radio station, use. While the labels on most records are colored, many promotional issues have white labels, which has led to the term “white label promo” being used among collectors.
Why do labels have blank lines?
These custom labels usually have blank lines printed on them so that the people working with them can write the title and artist on the labels by hand. As with acetates, test pressings are usually used for evaluation purposes by record company personnel, though they are occasionally sent out as promotional items.
How does scarcity come into play?
This issue of scarcity comes into play when one looks at whether a particular record was released by a small, regional label or a large national one. Larger labels have national distribution and multiple pressing plants, and popular records might be pressed in the millions. Smaller labels might press only a few hundred or several thousand copies of a particular record.
Why are promotional copies of records pressed?
Promotional copies of records are usually pressed before retail, or “stock” copies to ensure that they reach radio stations prior to the commercial release of the record. They are also pressed in relatively small quantities compared to stock copies of the same records. While an album may sell in the millions, there may be only a few hundred promotional copies made of that same record, making them collector’s items.