Personal property, such as baseball cards, coins, stamps, works of art and memorabilia, that is held for investment. Collectibles are exchangeable under INTERNAL REVENUE CODE Section 1031. Collectibles are subject to a higher maximum capital gains tax (28% as of 1/1/04) than other capital assets which are subject to a maximum capital gain rate of 15%.
Items that increase in value over time because of scarcity or rarity. Examples include baseball cards, dolls, jewelry, stamps and antique toys.
objects such as art, jewelry, baseball cards, and antiques that people buy in the hope that the objects' value will increase.
Baseball cards, stamps, antique cars, salt and peppershakers, etc.
Collectibles are decorative or useful items ranging from dolls to sculptures to baseball cards, for which there is a demonstrated secondary market. Items no longer in production, and for which there is clear demand, may be investment possibilities. But items currently or recently produced do not necessarily appreciate in value, even with an edition limit.