I am not a tax attorney, but there are many on here who can chime in.
I don't view baseball cards as a commodity on par with gold. "I bought this gold brick of 5 ounces at x price in 2015 and I'm trading now for 8 ounces of gold." in this example, you have a gain.
If you bought an sgc 4 Ty Cobb with an Old Mill back in 2015, and today you trade it for a PSA 2 Ty Cobb with an Old Mill Back, and a Larry Doyle E103 CSG 4 undergraded, then I think you don't realize a gain until you sell, years down the road with your original buy price of your sgc 4 cobb as your basis.
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Want to buy or trade for T213-1 (Bob Rhoades)
Other Louisiana issues T216 T215 T214 T213 Etc
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