Determining how rare a record is requires knowing how many were made and how many are left. The next obvious question is how valuable is a record, and that depends on how desirable it is and how many people desire it.

Our Record Database is attempting to gather as much information about square dance recordings as possible (we are not, generally, interested in round dance records). To do this, we are willing to trade the extra copies we have of records we own for a copy of a record we do not own, or for which we need a better recording. We are not, in general, willing to purchase these copies, nor are we willing, in general, to sell the duplicate copies of records we own. People have attempted (and some are successful) in selling their records on auction websites, such as eBay. Prices range from $1 to $10 or more.

For most of the records in our database, a fairly small number were originally made, because the target market was comprised of a fairly small number of callers and maybe some dancers. If a record is out of print, someone who wants it may pay a fair price for it, but as vinyl is a medium that does not age well, the unknown quality may affect the desirability.

Your particular record was released circa 1966 and is nearly 50 years old. According to websites I found, this record is no longer in print. You can assume this means that it is fairly rare. I happen to know the owner of the label and can find out more information about this piece of music and whether there are plans to re-release it. Let me know if you are interested in more information.