Which of the Following Statements Is Correct with Respect to the Disposition

Which of the following statements is correct with respect to the disposition of a valuable coin collection?

A) If a loss occurs, it cannot be deducted against any source of income.
B) If a loss occurs, one-half of this amount can be applied against one-half of any capital gain.
C) If a gain occurs, one-half of this amount can be offset by allowable capital losses on any disposition of capital property.
D) If a gain occurs it will not be taxed because this is personal use property.