Collectible

Collectible means:
a rare object collected by investors. Examples are stamps, coins, Oriental rugs, antiques, baseball cards, and photographs. Collectibles typically rise in value during inflationary periods. Collectibles are not valid investments for individual retirement accounts or self-directed Keogh plans. Former IRC (check if this IRC provision is current here) §408 (n).

Description and Definition of Collectible

Property such as stamps, coins, artwork, and antiques that you collect as an investment. Gains from the sale of collectibles do not qualify for the same tax rates as other investments, such as stocks.

Resources

See Also

Further Reading

• Collectible in the West's Tax Law Dictionary
• Collectible in “A Dictionary of Taxation”