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Elvis had eight gold LPs and Ray Charles had one. Show. The RIAA is a trade association made up of U.S. record companies.Gold Record Awards were established by the RIAA in 1958. Over the course of his ca­reer, he amassed moun­tains of info on sales of records and his book is the best I have found for the type of num­bers you are looking for.I have used this books for decades and no matter how weird some of his data seems, I in­vari­ably find it proves rea­son­ably ac­cu­rate.That said, NOBODY kept ac­cu­rate sales tal­lies for records in the ’50s or ’60s.
Since then, the RIAA awards are con­sid­ered the only “of­fi­cial” awards. I didn’t give ANY ad­vice on buying, selling, or col­lecting RIAA Gold Record Awards. Just to save time, it was pur­chased from Apple record pri­vate auc­tion that Paul Au­to­graphed for me along with two gold awards.Three were U.S> and three gold were from Eu­rope. By the end of 1964, sales were ap­proaching 4,000,000 copies, and by the end of 1966, sales were ap­proaching 5,000,000 copies! 3 In 1957, RCA Victor an­nounced that Elvis had sold 12,000,000 sin­gles the year be­fore. I can find es­ti­mates of how many copies MEET THE BEATLES has sold FOREVER, but I’m re­ally more in­ter­ested in how many copies var­ious al­bums sold in the first six months or year after re­lease.The data on MEET THE BEATLES came from Joseph Mur­rells’s book “Mil­lion Selling Records from the 1900s to the 1980s.” Mur­rells worked for the BBC for years be­fore going free­lance. As the price rose, the number of records re­quired to reach the RIAA gold stan­dard de­clined.
My offer still stands: write me a good piece about the ins and outs of au­then­ti­cating RIAA Awards and I’ll hap­pily post it. The work of the or­ga­ni­za­tion in­cluded over­sight of copy­right is­sues, working with var­ious unions, and car­rying on re­search “re­lating to the record in­dustry and gov­ern­ment reg­u­la­tions.”The RIAA also es­tab­lished uni­versal stan­dards for such tech­nical as­pects of recording as the equal­iza­tion curve and how stereo­phonic record grooves should be cut. The prices took ef­fect on the first day of 1955.RCA pres­i­dent Frank Folsom said he was con­vinced the record in­dustry was on the threshold of its greatest pe­riod of ex­pan­sion:“In­tro­duc­tion of the 33 and 45 rpm records in 1949 greatly in­creased the number of record players. They noted that less than 10% of those sin­gles were 78s. refers to seven-inch, 45 rpm records with one track per side. But there are two rea­son­able choices: $9.98, the highest price as­so­ci­ated with double-albums (and twice that of a stan­dard single-record album), or a middle price such as $7.98.•  If the album listed for $9.98, then it would have had to sell 304,000 copies to qualify for an RIAA Gold Record Award in 1968.•  If the album listed for $7.98, then it would have had to sell 417,000 copies to qualify for an RIAA Gold Record Award in 1968.For this as­tounding ac­com­plish­ment, it re­ceived the same RIAA Gold Record Award as every other album that sold $1,000,000 at the whole­sale level. The focus is on the awards from 1958 through 1974, during which tA lot of changes have oc­curred since, es­pe­cially for al­bums; this ar­ticle notes a few but not in the de­tail it de­serves.There have been so many changes for the de­f­i­n­i­tion of a “unit” when counting multi-record sets that it would re­quire an ar­ticle of its ownMost web­sites screw up the in­for­ma­tion when men­tioning Gold Record Awards for al­bums. And the record com­pany is not obliged to state on the award where the records were sold.For some reason, the RIAA took an in­terest in all of this and in­sti­tuted their own Gold Record Awards pro­gram that began in Feb­ruary 1958. During this time, we can as­sume that any LP that was awarded an RIAA Gold Record sold ap­prox­i­mately 650,000 copies.With the elim­i­na­tion of the prac­tice of re­leasing new al­bums in both mono and stereo in 1968, most new LP sales were stereo with a list price of $4.99. PS: For an LP to qualify for an RIAA Gold Record in the ’60s re­quired more than 750,000 copies sold.
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