I only collect ORIGINAL records.
But if there is an exact repress IMO the original pressing is de-valued and not really worth it. I have the repress, and would not pay anymore than $20.00 for the "original".
Perfect examples:
The Hanged Man soundtrack: Paid $50.00 for the original with the red cover and the repress has a blue cover that looks nothing like the original. You can tell the difference between the two instantly.
Skull Snaps: I can buy a repress, give the cover a piss bath, sand paper the vinyl a little, and call it an original. You would not be able to tell....and then sell that $14.99 record for $200.00 (Don't think SOMEONE out there hasn't tried it). And all this record has is two SHORT drum breaks
I've seen ebayers pay $150.00 plus for an "original" Nas - Life's A ***** pressing and the ONLY difference between that and the repress is the record has "Not For Sale - Demonstaration Only on it. Both have it stamped on the cover. Any difference in the pressing of the vinyl cannot be detected.