Gains on collectible coins like American Eagles fall into a different category for capital gains taxes.
You have a reportable capital gain on American Eagle coins if you sold coins you own and received a price greater than the price you paid for the coins. It is important to remember that there is not a taxable gain unless you sell your coins. If you owned the coins for one year or less, your profits will be classified as short-term gains. Owning the coins for longer than a year before selling puts the profits into the long-term gain category.
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