
Collectibles Are Taxed at 28%: Why Coins, Art, and Gold ETFs Pay More Than Stocks
IRS rules cap long-term collectibles gains at 28%, not 20% — and grantor-trust gold ETFs like GLD and IAU count as collectibles.
#collectibles
Bookkeeping for comic book, trading card, and collectibles retailers, including specific-identification inventory costing, consignment, and hobby-vs-business tax classification

IRS rules cap long-term collectibles gains at 28%, not 20% — and grantor-trust gold ETFs like GLD and IAU count as collectibles.

GameStop earned $298.7 million of net income on $790.2 million of net sales in FY2026 Q2 — a record $160.2 million of second-quarter operating income, with the rest driven by a $4.9 billion eBay stake and $5.4 billion of cash, marketable securities, and digital assets, reconciled line by line in a public Beancount ledger.

Average-cost and FIFO inventory methods misstate margins when every item is unique. How antiquarian booksellers use specific-identification inventory — per-copy cost basis, proportional lot allocation, condition-driven write-downs, and provenance records — to keep accurate books on one-of-a-kind stock.

How comic and TCG shops should book consignment splits, buylist store credit, and graded-card cost basis — consigned goods stay off the balance sheet, store credit is a liability until redeemed, and high-value singles need specific identification, not average costing. Plus where the IRS draws the hobby-vs-dealer line, from the nine-factor §1.183-2(b) test to the 28% collectibles rate.