Vinyl has limited frequency response, dictated by the speed of the record and the width of the grooves, etc - 45's sound better than 33's for example, and 78's better again - but you get piss all play time on those.
Old vinyl was mastered with less bass, because a big bass wave would push the cutting needle out of the groove. Newer vinyl is better.
This is probably in part why people think Vinyl sounds like shit - because they've only heard grandma's old jazz 33's on a worn out old player etc.
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