Appearing in record stores a year after the cancellation of the Monkees's TV series, the black-and-orange-covered package remains one of the rarest pieces of vinyl in the band’s discography. After an unsuccessful movie, Head, from the previous winter, the record company tried to revive waning interest in the Monkees, but to no avail. The band was now down to a trio with the departure of Peter Tork, and The Monkees Greatest Hits climbed to number 89 on the Billboard album charts before disappearing.

It is also the only original Monkees album on the Colgems label not to feature any photographs of the group either on the front or back covers.

All of the A-sides to the band's first six singles were chosen. The Pisces, Aquarius, Capricorn & Jones Ltd. stereo mix of "Pleasant Valley Sunday" was included instead of the single mono mix. This first compilation also featured the LP debut, as well as the stereo debut, of "A Little Bit Me, a Little Bit You", with Davy Jones singing "oh girl, oh girl" during the instrumental section which is not present in the mono single version.

The seven other tracks make for curious choices since none of them were hit singles or B-sides in America. "Randy Scouse Git" was issued as a single in England and reached #2 on the UK charts (as "Alternate Title"). "She" was released in Mexico and "Shades Of Gray" in the Philippines; however, they did not do as well as Mexico’s number one, "(Look Out) Here Comes Tomorrow" or Australia’s chart topper, "(Theme From) The Monkees," tracks that were left out of this package.

Also strange is the complete exclusion of any songs sung by Mike Nesmith, who was still with the group at the time. (The Nesmith-penned "Mary, Mary" does make an appearance.)

Additionally missing were three B-sides that charted in the Billboard Hot 100: "The Girl I Knew Somewhere," "Words," and "Tapioca Tundra." "Take a Giant Step," the B-side to "Last Train to Clarksville," and "Goin' Down," the B-side to "Daydream Believer," are also absent. Instead, "Cuddly Toy" and "Zor And Zam" were included, despite not being singles nor being as famous as other possible tracks, such as the aforementioned opening theme to the show, or "For Pete's Sake," which closed the episodes of the show in the second season.

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Wikipedia