BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 14, 2005--Superior Galleries, Inc. ("Superior") (OTCBB:SPGR - News) today announced results of its highly successful Ft. Lauderdale Elite Auction in January. Approximately $4.8 million in rare coins was sold, and six-figure sales were registered through Superior's partnership with eBay (EBAY), (www.ebayliveauctions.com), as well as through its own sales channels.

Silvano DiGenova, CEO of Superior Galleries, Inc., said, "We are very pleased with the success of this auction. We sold numerous six-figure rarities, which is not commonplace in the coin market. We feel that this illustrates both the strength of the marketplace and Superior's ability to track down elite buyers of rare coins.

"Included in this sale were several highlights, such as an 1893-S silver dollar in mint state 64 that realized $287,500, which is a spectacular price for a Morgan silver dollar, and a 1794 silver dollar in very fine 20, a well-worn example of America's first silver dollar, which sold for $97,750.

"Additionally, a $2.5 gold piece from 1848, designated with the 'CAL.' stamp on the reverse -- which was the first coin struck with gold from the California Gold rush -- in mint state 66, realized $149,500, a truly spectacular price for this coin. An 1879 $4 Stella realized $172,500. This was a coin formerly sold by Superior from the Ed Trompeter collection in 1992 for $48,400. The results are 356% of its previous sale, showing both the enormous investment potential in U.S. rare coins and Superior's ability to obtain top prices.

"Finally, along with many other fabulous rarities was an 1883 $20 gold piece in proof 65, one of only 92 struck and among the finest known, which realized $230,000. We believe this is a record for this coin at auction, an increase of 33% over what our competitors sold a similar coin for just a year ago."

Mr. DiGenova concluded, "Beyond the success of this particular show, we are also very pleased with our partnership with eBay, which resulted in six-figure sales through the eBay network. This further supports our belief in an aggressive use of the internet as a marketing and sales distribution channel. We look forward to partnering with eBay on our upcoming auction events, including the exciting Pre-Long Beach Elite Auction that we will be holding February 20th through February 22nd, which promises to break some more records."

Superior Galleries, Inc. is a publicly traded company, acting as a dealer and auctioneer in rare coins and other fine collectibles. The firm markets its products through its prestigious location in Beverly Hills, California and the company's web site at www.sgbh.com.

Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including express and implied statements concerning future revenues, income, results of operations, expansion plans and expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward looking statements will prove to have been correct. These forward-looking statements are subject to certain risks and uncertainties, including market and other conditions that may affect our ability to expand our auction and dealer activities and control our operating costs. The company's actual results could differ materially from those anticipated in the forward looking statements as a result of certain factors including sales levels, operating costs, distribution and competition trends, consumer preferences and other market factors. Past sales performance may not be indicative of future results. No assurances are given that sales trends or sales performance on behalf of consignors or customers will continue.

Contact:
Superior Galleries, Inc.
Paul Biberkraut, 310-203-9855
paulb@sgbh.com

or

CCG Investor Relations
Sean Collins, 818-789-0100

or

American Capital Ventures, Inc.
Howard Gostfrand, 305-918-7000
hg@amcapventures.com
www.amcapventures.com