Auction House

An auction house provides a platform on which sellers can offer their numismatic objects for sale. The auction house takes on the task of cataloguing, evaluating and presenting the objects. It organises auctions where potential buyers have the opportunity to place bids. The auction house plays an important role in conducting the auction by monitoring the bidding competition and awarding the highest bidder. Once the auction is completed, the auction house assists in the handling of the sale, including payment processing and shipping of the purchased items. Overall, auction houses are important players in the numismatic trade, supporting the market for coins and medals and facilitating the trade and exchange of these objects.