OK to combine this reply with an intended reply to another topic on "my favo(u)rite artist before Gord"
(or whatever it was) I well recall those heady days back in 1958 when us pop music fands at school in England discovered that a local couple having splashed out on an early new-fangled reel to reel tape recorder (possibly a Grundig TK20; see pictures at:-
http://home.zonnet.nl/jvschaik1/Grundig/bandrecorder/
had taped their extensive and fragile large black 12 inch 78s and were selling them off.My then favo(u)rite artist (until I discovered our poet emeritus in 1966) was the late great Buddy Holly and I bought a number of his hits on 78.(I now have no idea what happenned to them mostly broken I expect).In late 1959 fresh out of school and having commenced my apprenticeship at Rolls-Royce Limited in Derby (that's Dar-bee) I was able to afford the then 35 shillings (say US$3.00 in today's money) to buy my first ever LP:-

picture from very nice tribute site:-
http://www.pmoorcroft.freeserve.co.uk/bholly.htm
(with apologies for resorting to displaying yet another picture.Pictures speak louder than words)
As Mr Moorcraft says:-
"This album along with The Chirping Crickets is the reason 49 years later I am still a Buddy Holly fan. The two albums create the first group sounds that went beyond the boundaries of mere Rock'n'Roll, indeed they set the mould for youngsters to emulate the world over"
and therin lies a clue to my second LP!!