Limited items are items that can be sold and traded for coins or other limiteds in Social Meeps. Limited items are an old feature in Social Meeps or Old MeepCity. Usually with a certain quanity and the price of them after the quanity has ran out is dependent on the economy / demand. In the new Meep City, they can be transfered for coins now in the new Meep City.
Collectibles are limited items that got transfered from old Social Meeps accounts that log into new Meep city. Collectibles can not be sold for coins or tokens. The amount of collectibles will never change and collectibles can only trade with other collectibles.