collectible

(3) Exception for certain coins and bullion For purposes of this subsection, the term “collectible” shall not include— (A) any coin which is— (i) a gold coin described in paragraph (7), (8), (9), or (10) of section 5112(a) of title 31 , United States Code, (ii) a silver coin described in section 5112(e) of title 31 , United States Code, (iii) a platinum coin described in section 5112(k) of title 31 , United States Code, or (iv) a coin issued under the laws of any State, or (B) any gold, silver, platinum, or palladium bullion of a fineness equal to or exceeding the minimum fineness that a contract market (as described in section 5 of the Commodity Exchange Act, 7 U.S.C. 7 ) requires for metals which may be delivered in satisfaction of a regulated futures contract, if such bullion is in the physical possession of a trustee described under subsection (a) of this section.

Source

26 USC § 408(m)(3)


Scoping language

For purposes of this subsection
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