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Data as of Jun 16, 2026
Led Zeppelin – Physical Graffiti
1975 · UK · Swan Song · Vinyl LP Album Stereo
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Price guide
Estimated market value via Discogs · as of May 18, 2026
- MMint
- $251.53
- NMNear Mint
- $225.05
- VG+Very Good Plus
- $172.10
- VGVery Good
- $119.15
- G+Good Plus
- $66.19
- GGood
- $39.72
- FFair
- $26.48
- PPoor
- $13.24
164 copies listed on Discogs from $17.44.
These are reference estimates from Discogs sold/asking data for this exact pressing, not offers and not a guaranteed price. Actual value depends on condition, completeness and current demand. Any active seller offers on this page are listed separately above.
Offers
New to condition grades like NM or VG? Read our vinyl grading guide →
Pressing identification
Match these against your copy to confirm the exact pressing.
- Runout — side A
- SSK 89400 A
- Runout — side B
- SSK 89400 B
- Runout — side C
- SSK 89400 C
- Runout — side D
- SSK 89400 D
- Matrix / runout
- SSK-89400-A1SSK-89400-B4SSK-89400-C1SSK-89400-D1SSK-89400-B5SSK-89400-A3SSK-89400-A5SSK-89400-C2SSK-89400-A1 2 7 DSSK-89400-B4 3 4 BSSK-89400-C1 1 0 BSSK-89400-D1 1 4 ASSK-89400-A1 1 0 BSSK-89400-B4 2 ASSK-89400-C1 4 BSSK-89400-D1 5 BSSK-89400-A4SSK-89400-A1 2 9 BSSK-89400-B5 1 6 ASSK-89400-C1 BSSK-89400-D1 3 6 CSSK-89400-A1 5 2 ASSK-89400-B5 5 0 ASSK-89400-D1 4 2 A
- Other
- SSK 89400/A(Inner sleeve, record one)
- Other
- SSK 89400/B(Inner sleeve, record two)
- Other
- SS2-200(Label A, B, C, D in brackets: US Cat.#)
- Recorded At
- Headley Grange
- Recorded At
- Stargroves
- Recorded At
- Olympic Studios
- Recorded At
- Island Studios
- Recorded By
- Ronnie Lane's Mobile Studio
- Recorded By
- Rolling Stones Mobile
- Mixed At
- Olympic Studios
- Mixed At
- Electric Lady Studios
- Pressed By
- CBS Pressing Plant, Aston Clinton
- Printed By
- Gothic Print Finishers Ltd.
Specifications
- Artist
- Led Zeppelin
- Genre
- Rock
- Style
- Hard Rock, Blues Rock
- Year
- 1975
- Label
- Swan Song
- Catalog number
- SSK 89400
- Country
- UK
Tracklist
- A1Custard Pie4:20
- A2The Rover5:54
- A3In My Time Of Dying11:08
- B1Houses Of The Holy4:01
- B2Trampled Under Foot5:38
- B3Kashmir9:41
- C1In The Light8:46
- C2Bron-Yr-Aur2:07
- C3Down By The Seaside5:15
- C4Ten Years Gone6:55
- D1Night Flight3:37
- D2The Wanton Song4:10
- D3Boogie With Stu3:45
- D4Black Country Woman4:30
- D5Sick Again4:40
- Executive-Producer
- Peter Grant
- Producer
- Jimmy Page
- Mixed By
- Eddie Kramer
- Overdubbed By, Mixed By
- Keith Harwood
- Artwork [Tinting Extraordinaire]
- Maurice Tate
- Concept By [Package], Design
- AGI
About this record
The 1975 UK first pressing of Physical Graffiti on Swan Song SSK 89400 carries matrix runouts ending 1/4/1/1 and was pressed at CBS Aston Clinton, distinguishing it from later variants with different dead-wax stamps. Demand significantly outpaces supply: 8341 collectors want this pressing against 20558 who own one, yet only 164 copies are listed for sale across the market.
The price spread from Mint at 251.53 USD down to VG at 119.15 USD reflects how condition dominates value on this gatefold two-record set. First-pressing insert variants—satin-finish single-fold, cardboard-backed single-fold, or the common two-fold—are embedded throughout the 1975 pressing run and affect rarity perception among serious buyers.
What drives its value
A Mint copy of this 1975 UK pressing commands 251.53 USD, while NM drops to 225.05 USD and VG+ settles at 172.10 USD; the VG grade sits at 119.15 USD. The 164 copies currently for sale span from a floor of 17.44 USD (heavily played or damaged stock) up through the graded tiers, signaling that even worn examples hold resale value.
The community snapshot—20558 have against 8341 want—shows this is a canonical album, yet the want-to-have ratio of roughly 2:5 indicates scarcity of pristine or investment-grade copies. The first pressing's CBS Aston Clinton pressing plant origin and absence of Warner logo on rim text distinguish it from reissues; the die-cut gatefold with Swan Song's Kings Road address and Gothic Print Finishers imprint anchor its original-pressing credentials.
Condition grade is the entire price driver here.
How to appraise this pressing
Confirm this pressing by the catalogue number SSK 89400 on the spine and label. The matrix runouts must read SSK 89400 A, SSK 89400 B, SSK 89400 C, and SSK 89400 D across the four sides (two records).
The dead-wax stamp should end 1/4/1/1 on first pressings; later variants show 1/5/1/1. Check the rim text for the absence of a Warner (W) logo—its presence indicates a reissue.
The gatefold back cover should display Swan Song's address at 484 Kings Road, London SW10. Inside, locate the two custom inners marked SSK 89400/A and SSK 89400/B on their bottom right corners.
The insert is the critical differentiator: the rarest is satin-finish with a single fold (found only on earliest copies); the second rarity is cardboard-backed with a single fold; the common variant has a white front, cardboard back, and two folds. The sleeve and inners are smooth outside, textured inside.
Grade by vinyl surface condition, cover gloss, and insert finish; a Mint example shows no play wear, crisp gatefold, and pristine inner sleeves.
Further reading: grading a record, what makes a pressing valuable.
Listen
Hear the album before you buy.
Official videos via YouTube.
Release notes
First pressing has labels without Warner logo (W) on rim text and vinyl matrix ending with 1/4/1/1.
A very few copies come with a top rounded black sticker with titles track and "TWO RECORD SET SSK 89400".
The original die-cut "windows" cover has "SWAN SONG/484 KINGS ROAD, LONDON SW10" address at the top on back. The set contains two custom inners with code "SSK 89400/A" for disc 1 and "SSK 89400/B" for disc 2 on bottom right back corner, plus a 2-page folded insert that has songs titles, credits, and text "Sleeve printed and made in England by Gothic Print Finishers Ltd., London SE9 2EQ".
Original cover & inners are smooth on the outside and textured/rough on the inside.
However, the Insert has 3 different types - all used throughout the 1st Pressing run:
1) First Insert - satin finish to front and back, thick in quality, with a SINGLE fold to the bottom as in the detailed photo (not to be confused with the later re-issue inserts from the late 70s which are shiny, very thin, and have 2 folds). This is the rarest insert type, and existed on the first few copies only - as identified by the different shines to the colours under light (current to the printing processes available in 1975), satin finish and SINGLE fold. Found on the 1st Press 1/4/1/1 copies, and in some 2nd Press 1/5/1/1 copies.
2) This was then changed to the insert with the cardboard back (to match the cover & inners), but again has a SINGLE fold. Again like the above this is quite rare. Only found on the 1st Press 1/4/1/1 copies.
3) Lastly the most common insert found in most 1st press copies - is the insert with the white front and cardboard back with TWO folds at the bottom. The above two rarest inserts with a single fold, did not fit properly around the inners & records inside the cover, and so TWO folds (like a cover spine) were made on each insert at the bottom. This therefore solved the problem, and therefore wrapped around the records & inners inside the cover properly.
Made in UK ℗ 1975
Runouts are stamped.
Notes sourced from the Discogs database.
Frequently asked
What is the catalogue number for the 1975 UK first pressing?
SSK 89400. This number appears on the spine, label, and the custom inner sleeves (marked SSK 89400/A for disc 1 and SSK 89400/B for disc 2 on the bottom right back corner).
How do I identify the CBS Aston Clinton pressing plant pressing?
Check the matrix runout stamped in the dead wax on each side: SSK 89400 A, SSK 89400 B, SSK 89400 C, and SSK 89400 D. The runout should end with 1/4/1/1 on first pressings. The rim text must lack a Warner (W) logo. The gatefold back cover should show Swan Song's address at 484 Kings Road, London SW10, and the insert credit should read 'Sleeve printed and made in England by Gothic Print Finishers Ltd., London SE9 2EQ.'
What is a VG+ copy worth according to the price guide?
A VG+ graded copy is estimated at 172.10 USD. This represents the middle tier of the market; Mint copies reach 251.53 USD, while VG drops to 119.15 USD. These are guide estimates and actual sales vary.
What are the three insert types found in first-pressing copies?
The rarest is satin-finish front and back with a single fold at the bottom, found only on the first few copies and identified by its 1975-era printing sheen and texture. The second rarity is cardboard-backed with a single fold, also rare. The most common insert has a white front, cardboard back, and two folds at the bottom; the two folds solved fit issues around the records and inners inside the gatefold.
How many collectors want this pressing versus own it?
8341 collectors have marked this pressing as wanted, while 20558 have it in their collection. Only 164 copies are currently listed for sale across the market, indicating that clean, graded examples are harder to find than the raw ownership numbers suggest.