The National Directory of Certified Public Accountants

Ask A CPA - Miscellaneous Income

Coin Collection

The sale of your coin collection would be a sale of a capital asset reportable on IRS Schedule D. It would fall into the category of collectibles and be taxed at a maximum rate of 28%. Certain newly minted silver or gold coins issued by the government qualify for the lower 20% maximum capital gains rate even though they are considered collectibles.

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