Can You Take a Capital Loss on the Sale of Gold and Silver Bullion Coins?

[PJCCPA]

I believe the treatment is different for Gold and Silver Bullion Coins held for investment as opposed to Collectible Coins.  I wanted to confirm with the community that you can take a capital loss on the sale of Gold and Silver Bullion Coins on a Tax Return.  Also, would this be reported on the same form as for Capital Gains and Losses for Paper Investments, or would this be reported on another form?  Thank you all for your wisdom and insight into this matter.

Sincerely,

Peter

[Abby Normal]

The gain is taxed at the higher collectibles rate, but the loss is just a capital loss.