This is one of the great debates in antiques and 1/2 our team naturally use more common spelling, whilst the other 1/2 use the technically correct version.
So which is right?
Let's refer the ever reliable Oxford English Dictionary:
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collectable 2 able to be collected: a hire car, collectable on your arrival. >noun (usu. collectibles) an item valued and sought by collectors.
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Therefore collect-i-bles is technically correct, so going forward that is what we will try to use - however we're not pedantic enough to fire anyone if they slip up! We just love old stuff.