Which of the following is an example of tangible personal property?

• A. Gold bar
• B. Common stock certificate
• C. Patent
• D. Vacant land

Answer: (A)

Tangible personal property consists of physical, movable objects that you can touch. A gold bar fits this clearly because it is a real, tangible item you can handle and transport. In contrast, a common stock certificate is a document that evidences ownership in a company, but the value comes from the rights of ownership rather than a physical thing, so it’s considered intangible personal property. A patent is an intangible right granted by the government, not a physical object. Vacant land is real property because it’s land attached to a location and cannot be moved. So the gold bar is the example of tangible personal property.