This product is a rare 1968 Taiwanese pressing of Frank Sinatra's album "The World We Knew." The vinyl LP features a unique orange color, original cover, and is 12" in size. Base on its history of manufacture, this piece of music history from the 1960s is sure to be a valuable addition to any collector's vinyl records collection, Pressed by the First Record Label, in Taiwan, which catered to soldiers (mostly from the US) stationed there. 

The albums were usually pressed in batches of about 500, with no two batches looking or sounding the same (ie different covers, vinyl colors). Covers were usually recycled, meaning art for a totally different album was on the reverse side of the paper (covers were thin paper wrapped in cellophane). 

Unsure whether the discoloration is due to age or it was intended - probably the former.