If you sold collectibles that were purchased as an investment, they will always be reported on Schedule D, as a capital gain or loss. Some people may consider this a hobby, however it is an investment and is reported as such on the tax return.
According to the IRS "Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate." The rate can be less, depending upon your other income and tax bracket.
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