The new edition of Elaine Dundy's The Old Man and Me from NYRB (an excellent, uncomfortable book based on her affair with Cyril Connolly) makes use of a cover image which has also been an album cover.
(UPDATE: The photo is 'Edinburgh, 1960' by Jeanloup Sieff.)
That's nothing, though. Try this photo, by whom I cannot determine, which features on at least three book covers and four album covers. UPDATE: The hugely smart ijsbrand informs me that the image is "a woman floating in Weeki Wachee Spring, Florida, by Toni (Antoinette) Frissell, and it was published in Harper’s Bazaar in December 1947."
This is Frissell's self-portrait from 1935, 'I'd Rather Stalk with a Camera Than a Gun'.