The "cool factor" of this record is the label. Both sides have at least one skip and would otherwise grade at VG. BUT, the label is very very cool. Read on:
The American Record Pressing began in Detroit in 1950 as Vargo Inc. The company was purchased on September 1, 1951, and moved to Owosso, Michigan, a small rural community located 25 miles west of Flint. The company was called Vargo Record Pressing when it took over the building, but changed its name to American Record Pressing the following year.
In 1951, the plant had only three record presses and handled only 78 rpm records. Some of those recordings were issued on its own Vargo label. American Record Pressing eventually discontinued its Vargo label and became strictly a custom pressing business.
ARP pressed the first Beatles record to be released in the United States for Vee-Jay in 1963. Vee Jay issued the 45 rpm single of “Please Please Me/Ask Me Why” on February 25, 1963, almost one year before The Beatles first appeared on the Ed Sullivan Show. The single, with the name Beatles misspelled as ‘Beattles’, was not a big seller at the time, but is an extremely valuable collector’s item today.