A collectible exchange is any long-term gain or deductible long-term loss from the sale or exchange of a collectible that is a capital asset. If all you sold was stock, your capital gain or loss was not a collectible exchange.
Collectible exchanges are taxed at 28%.
- Metals (such as gold, silver, and platinum bullion)
- Alcoholic beverages
- Certain other tangible property that the IRS determines is a "collectible" under IRC Section 408(m).