In The Court Of The Crimson King (An Observation By King Crimson) = クリムゾン・キングの宮殿 - Very Good (VG) / Near Mint (NM or M-)

Notes

1972 (or 1973) transitionary Japanese pressing in textured gatefold cover with insert in English & Japanese and custom red obi with ¥ 2,000 price.

This was released between the 2nd and the 3rd issue. It still has the ¥ 2,000 price on OBI and backcover, but already “Made by Warner-Pioneer Corporation” in the perimeter text on label.

Released after Label-181151 changed to Label-27426 sometime after April 1972. Label-181151 company credits still appear in the gatefold.
Released [b]before[/b] [r=26812241] (that version has a more expensive price).

1st Issue: “Rock Age” OBI with “Made by Warner Bros.-Pioneer Corporation” on labels and price of
¥ 2,000 printed on OBI and back of the sleeve. Also has Rock Age company inner sleeve & “document of the apology” (Insert had misprint about group member):
[r=11518194]

2nd Issue: red & white OBI WITHOUT “Rock Age”. Same “Made by Warner Bros.-Pioneer Corporation” on labels and ¥ 2,000 price printed on OBI and back of the sleeve.
[r=3377838]

3rd Issue: red & white OBI with ¥ 2,300 price and perimeter text on label “Made by Warner-Pioneer Corporation.” Warner-Pioneer Corporation was the new corporate name adopted in 1972:
[r=8810851]

Runouts are stamped.

Japanese Industrial Standards symbol 〄 appears in the runouts.