An LP is a format for recording. It has never been a "guarantee" that the recording engineers, producers and those at the manufacturing end have done everything right. I've certainly heard plenty of LP records that are mediocre or even downright poor when brand new.
However, playing a record does involve direct physical contact between a hard diamond in a soft vinyl groove. If the turntable used is not top quality, or out of alignment, incorrectly set up, or has a worn stylus, there can be a loss of high frequency material over time and/or an increase in surface noise.
If all the records in the collection came from the same person and have the same playback quality (and you know that LPs from other sources sound better) then they may be worn in spite of good appearance to the eye. However, the only way to tell for sure is acquire duplicate copies of the same material and see if there is a dramatic difference in sound quality. (Even that is not an absolute indicator of merely wear. One LP may have come from the start of a stamper's production run and another copy from the end of a stamper's useful life, or they may have been stamped at different factories.)
However, playing a record does involve direct physical contact between a hard diamond in a soft vinyl groove. If the turntable used is not top quality, or out of alignment, incorrectly set up, or has a worn stylus, there can be a loss of high frequency material over time and/or an increase in surface noise.
If all the records in the collection came from the same person and have the same playback quality (and you know that LPs from other sources sound better) then they may be worn in spite of good appearance to the eye. However, the only way to tell for sure is acquire duplicate copies of the same material and see if there is a dramatic difference in sound quality. (Even that is not an absolute indicator of merely wear. One LP may have come from the start of a stamper's production run and another copy from the end of a stamper's useful life, or they may have been stamped at different factories.)