Cofre TRD
Industry · Oct 14, 2026

IRS collectibles definition predates trading cards, leaving big card sellers guessing

With a Pokémon card selling for $2.8 million and a Black Lotus for $2.2 million, the IRS definition of collectibles still predates trading cards, so sellers can't be sure which tax rate applies, according to MSN. Declaring gains at 28% is the cautious route.

Cofre's take

Tax uncertainty is not tax exemption. Anyone moving a high-end slab is a seller in the IRS's eyes, and 28% is the figure cautious filers are landing on until the definition catches up. If you hold a five- or six-figure card, your records matter as much as the grade: sloppy paperwork turns a good sale into a bad April.

Our read, from the people who buy and sell these cards. Opinion, not financial advice.

Read the original

MSN A Pokémon card sold for $2.8 million and a Black Lotus for $2.2 million. The tax code was written before either one existed. Published Oct 14, 2026

Figures are as reported by the source; we haven't verified the sale ourselves.

More market news

All news

Have a slab to sell? Get an offer

The weekly update

The market update, the biggest sales and what we make of them.

Read this week's issue Join the list and we'll email it once email delivery starts.