Budget albums (also known as drugstore records or, then, junk records) were low-priced vinyl record LPs of popular and classical music released during the 1950s to 1970s consisting either of previously released material (usually the releases from major labels featuring older performances of well-known performers) or material recorded especially for the line (often cover versions of popular songs made famous by name artists sung or performed on these albums by usually unidentified and unknown entertainers). Prices ranged from as low as 59 U.S. cents (minor label releases of the 1950s) to $2.98 (major label repackaging of older material in the 1970s). In the UK Pickwick Records' Top of the Pops record series, which operated between 1968 and 1985, was the most successful budget album range.
Drugstore records were called such as they were often sold in metal racks similar to the racks used for paperback books in drugstores or dimestores in the 1960s for prices from half to a quarter of regular LP albums. These records were markedly less expensive than major label recordings.
The initial "drugstore records" mostly comprised popular music played or sung by unknown orchestras or singers, or conversely, once famous singers or orchestras playing music or songs that were relatively unknown (popular singers' early and obscure recordings were often showcased as well). In some cases (notably the least expensive of the records) the record album would have only one cover version of a famous song or tune. Many of these albums had attractive album cover artwork (often picturing beautiful starlets such as Jayne Mansfield, Kim Novak, Irish McCalla, and the then-unknown Mary Tyler Moore). The album were often filled out with music in the public domain or obscure music never recorded by anyone else. Sometimes the "orchestras" comprised very few musicians, were performed by background music companies, or were recorded outside the United States by orchestras credited under different names, such as 101 Strings.