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<p>[QUOTE=&quot;jgenn, post: 3988194, member: 78525&quot;]For US tax purposes, this is considered a capital loss that can be used to offset capital gains.&nbsp; Make sure you keep good records so you can calculate the correct cost basis.&nbsp; I sold 30 coins last year, 29 of them at a loss, so I&#039;ll be working my tax forms for this pretty soon.</p><p><br /></p><p>&quot;A collectibles gain or (loss) is any long-term gain or deductible long-term loss from the sale or exchange of a collectible that is a capital asset.&nbsp; Collectibles include works of art, rugs, antiques, metals (such as gold, silver, and platinum bullion), gems, stamps, coins, alcoholic beverages, and certain other tangible property.&quot; -- from the 2019 Instructions for Schedule D[/QUOTE]</p><p><br /></p>

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