Question: On a recent scuba dive, Mr. UW located a shipwreck and recovered a Spanish sword inlaid with precious stones. The sword's appraised value is $11,500.

On a recent scuba dive, Mr. UW located a shipwreck and recovered a Spanish sword inlaid with precious stones. The sword's appraised value is $11,500. Mr. UW mounted the sword over his fireplace.

Identify the tax issue or issues suggested by the above situations, and state each issue in the form of a question.

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