Declare the correct value on the Customs form?

@vinylfun   is this a private purchase or is it an official store?
Purchased on Discogs maybe?

I wouldn't judge anyone paying $1200 for an album. It can be a time capsule, with an emotional value one can't not have. For me, a $1200 cable would make less sense...

What I'm still unclear about is whether duties and taxes were paid on the album when it was imported into the US in the first place - and what the seller valued the album at when they shipped it.

@vinylfun ,

Man, why don't you just name the album you planned/plan on spending way too much for? This playing coy bit is kinda silly.

Come to think of it, the entire premise of this thread is ridiculous. It's already been established by @carlsbad2  the point of a value is irrelevant since there's no import duty. Also what you paid for it is irrelevant. It's not worth what you paid for it, so how do you know it's worth even $50 or 50¢? Put the 50 bucks on it and send it back already!