Right, all I'm saying is, it
is capital gains.
And, as I understand it, if your income tax bracket is below 28 percent, you'll pay at your income tax rate rather than a higher capital gains rate.
To the OP: Collect because you love the hobby, invest if you want to turn a profit. Psychologically, at least to me, it's two different worlds. That's not to say that collectibles can't be a part of a total portfolio, but I would think a smaller part than stocks, bonds and real estate.
If you do "invest" in cards long term, don't forget possible deductibles, like grading, insurance, building that display case, discussing collectibles with your CPA or tax attorney, etc.
Personally, I won't pay a penny of tax on collectibles, since they will be TOD to my heirs, who can sell them for their value at my death, also without paying taxes. Death, the best way to beat the IRS
