I was originally unable to find the disc in finder. I did all the things you mentioned. When i checked the box on usb in finder, i was then able to see the hard drive. { i labeled it "music", btw}.What happens if you try to look at the files that are on it?
When i ran disc utility, it said it couldn't be repaired or something similar.
If you are able "to see the hard drive" it tells me that it probably has not experienced a hardware breakdown. So the problem may be a file system corruption, or something like that. The FAT32 file system is prone to that, and external drives are often supplied formatted in FAT32, because that file system can be utilized by both Mac and Windows machines.
I again suggest that if you can get access to a Windows machine, you connect the drive to that machine; examine its "Properties," which among other things will indicate "FAT32" if that is its file system; see what files are indicated as present, if any; and if the music files are not indicated as being present run ChkDsk on the drive. Post back if you'd like further information on how to do that, indicating whether the machine has Windows XP or Vista or 7.
Regards,
-- Al