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<p>[QUOTE="drathbun, post: 1601473, member: 42789"]The question would be (at least in my opinion) if the asset is clearly identifiable or not, not whether it's collectible or not. For example, mint proofs are generally indistinguishable from each other, and would be treated like share of stock. You can't sell one and buy another without the wash sale coming into play.</p><p><br /></p><p>A collectible coin with a specific year, grade, mint mark would be different. As long as the coin(s) you sold was somehow significantly different from the coin(s) you purchased, then I would think you could take the loss. But given that it appears that you're trying to take a loss against the price of the base metal, I would expect that the IRS would challenge that particular loss.[/QUOTE]</p><p><br /></p>
[QUOTE="drathbun, post: 1601473, member: 42789"]The question would be (at least in my opinion) if the asset is clearly identifiable or not, not whether it's collectible or not. For example, mint proofs are generally indistinguishable from each other, and would be treated like share of stock. You can't sell one and buy another without the wash sale coming into play. A collectible coin with a specific year, grade, mint mark would be different. As long as the coin(s) you sold was somehow significantly different from the coin(s) you purchased, then I would think you could take the loss. But given that it appears that you're trying to take a loss against the price of the base metal, I would expect that the IRS would challenge that particular loss.[/QUOTE]
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