E-Auction

An e-auction, also known as an electronic auction, is a form of auction that is conducted via the internet. In the field of numismatics, it offers collectors, dealers and interested parties the opportunity to buy and sell coins and medals online. From a scientific point of view, the e-auction is a modern application of digital technologies in the auction business. By using specialised online platforms, participants can take part in the auction worldwide, regardless of their geographical location. The platforms enable users to view items, obtain detailed information and place bids. This offers increased flexibility and reach compared to traditional floor auctions. The advantage of e-auctions is that they are accessible around the clock and take place in real time. They enable efficient trading, fast pricing and international networking of the numismatic community. The introduction of e-auctions has revolutionised the trade in coins and medals and represents an exciting development in the field of numismatics.