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1. Well, the Leftism LP is the unmixed vinyl edition of the Leftism cd release. So, in that case, LP's are generally double or triple vinyl packs that include all the tracks on the original cd, or sometimes only a few. A 12" refers to a single release with usually the original mix and/or other remixes of the same track. Leftfield's "Open Up" 12" is like a cd single, except in vinyl form.
2. Whitelabels are usually test pressings of new releases. They are limited pressings and are given out to select people in the industry. These people, most likely dj's, play whitelabels as a way to promote a new track and to see how well people respond to it. If the response is favorable, the better chance a song has to be properly licensed and released retail. If the response is shitty, then the labels and producer of the track would need to seriously consider how far to take the track and if they want to push it retail or not. So, being whitelabels are limited, then they would ultimately be worth more than the regular retail packaged release.
3. Not sure what you mean here.
4. I have no idea what format is worth more, it would depend on the rarity of the release itself and whether it came out on 7" or 12". For most records, 12" are probably more sought after because of how much material is pressed to the 12" size instead of the 7" size. However, to dj's and dance music fans, the 12" format is the most wanted. As for your Run DMC records, you might want to find out how many of each size was pressed to determine the value. Whichever was pressed the least, would probably be worth more.
5. If you want to protect your records, then I'd suggest checking out www.sleevetown.com. They have a wide variety of inner sleeves, outer jackets, and protective plastic for the jackets. I personally like to archive and store my collection in third party sleeves and jackets instead of keeping them in the original packaging. This way, all of my records are getting the same storage treatment and it makes my collection look more organized and neat. I use the polylined paper inner sleeves and the die-cut cardboard outer jackets, both white in color from this site. The sleeves fit very well into the jackets and the poly-plastic lining on the inside protects against scratches and static. I bought 100 of each, and I paid about $110 for my order including shipping. It's expensive, but worth it if you want ultimate care for your records. I haven't experienced any discoloration at all. Also, I would recommend getting some Gruv Glide record cleaner in addition to the sleeves/jackets.
I hope I could be of some help. If anyone wants to expand on what I said, please do.
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"...the major problem in the past was to locate the settings of the ancient plastic city. referring to our latest findings plastic city wasn't a city built of stone or metal but more kind of built out of ideas.... (PLASTIC CITY) can't be found by our archaeologists. we will have to examine the ideas and then try to re-construct plastic city in out minds..." (EXCERPT FROM "SCIENTIST REPORT NETWORK" #12.587, YEAR 2495)
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