Collectable or Collectible?

The adjectives collectable and collectible have slightly different meanings even though both describe items that can be collected. (Many believe that collectable is a misspelling because collectible is far more common. (See Google's Ngram Viewer.))

Collectable

Collectable describes an item that can be collected (e.g., a payment, a set of keys, a car).

Examples:
  • The policy was stopped due to lack of a collectable payment prior to the loss.
  • The hire car is collectable upon arrival.

Collectible

Collectible describes an item that a collector deems to be worth collecting (e.g., stamps, comics, coins).

Examples:
  • A collectible object usually appreciates in value over time.
  • Soviet-era stamps are highly collectible.

Collectible as a Noun

Collectible is often seen as a noun.

Example:
  • Star Wars figurines have been described as "holy grail of childhood collectibles".

A Quick Test