The Collection was the first compilation of Amy Grant's music to be released, and it was issued after her crossover success in 1985 with the album Unguarded. The Collection spanned Grant's first decade in music, and featured the new songs "Stay for Awhile" and "Love Can Do", the former of which was a Top Twenty Adult Contemporary hit in the United States.

The Collection was originally released in two different versions: a cassette version and an LP version. The LP version was directed to her newer fans, who knew her primarily for her Top 40 pop hit "Find a Way". The cassette version was directed to her older fans, who knew her for her Christian work as well as her secular work. The LP version contained ten tracks, and the cassette version contained fifteen tracks. In 1990, The Collection was re-released on CD with the 15 tracks featured on the cassette version, and two additional tracks, "Too Late" and "I'm Gonna Fly". Word Canada accidentally released the ten-track LP version to CD. The cover and tray art were that of the seventeen-track version causing confusion and recalls. They later issued the seventeen-track version as well. According to CCM Magazine, The Collection is the best-selling Christian music compilation album ever released, having sold in excess of 1 million copies.

An unauthorized reproduction of the album artwork (featuring Amy Grant) was used for issue No. 15 of the Marvel Comics series Dr. Strange. Apparently, the issue's artist was a fan of the singer and decided to use her likeness for a character in the story.

In 2007, The Collection was reissued and digitally remastered by Grant's new record label, EMI/Sparrow Records. The remastered edition is labeled with a "Digitally Remastered" logo in the 'gutter' on the CD front.

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