Reply #3: Umm... [View All]

[Starbucks Anarchist]

http://en.wikipedia.org/wiki/Yesterday_and_Today#The_.22Butcher_cover.22

Copies that have never had the white cover pasted onto them, known as "first state" covers, are very rare and command the highest prices. Copies with the pasted-on cover intact above the butcher image are known as "second state" or "pasteovers"; today, pasteover covers that have not been altered in an attempt to remove the white cover are also becoming increasingly rare and valuable. Covers that have had the white cover steamed or peeled off to reveal the underlying butcher image are known as "third state" covers; these are now the most common (and least valuable, although their value varies depending on how well the cover is removed) as people continue to peel second state covers to reveal the butcher image underneath. In December 2005 a "first state" copy of the album was sold for $10,500.<9>

In 1987, then-president of Capitol Records, Alan Livingston released for sale twenty-four "first state" butcher covers from his private collection. When the original cover was scrapped in June 1966, Livingston took a case of already-sealed "Butcher" albums from the warehouse before they were to be pasted over with the new covers, and kept them in a closet at his home. These albums were first offered for sale at a Beatles convention at the Marriott Hotel near LAX on Thanksgiving weekend 1987 by Livingston's son Peter. These still-sealed pristine items, which included nineteen mono and five stereo versions, are the very rarest "pedigree" specimen "Butcher Covers" in existence. These so-called "Livingston Butchers" today command prices of $40,000 and up among collectors, the five stereo versions being the most rare and valuable of these.