Record Set for Single eBay Live Auction Sale
BEVERLY HILLS, Calif.-(BUSINESS WIRE)--March 28, 2003-Tangible Asset Galleries, Inc., (Pink Sheets:TAGZ - News) announced a dramatic increase in sales for the 2003 January Elite Coin Auction in Orlando, Florida. Superior Galleries' (Superior), a wholly owned subsidiary of Tangible, total sales for the auction increased to $4,126,873, as compared to $970,675 for the same period the previous year.

Superior also set a new record for a coin sold on eBay's live auction through the sale of a 1919-D Walking Liberty Half Dollar at the Pre Flodda United Numismatic Auction. The coin brought a record $103,500. In addition, Superior had remarkably strong sales in all areas of numismatics sold. Highlights include $4830 received for a 1904 Liberty Nickel in MS67 condition, which represents 250% of the market for the coin; and $20,700 for an 1870 quarter from the Carson City Mint in XF40 condition, representing 40% above the published price. In addition Superior sold an 1837 Half Dollar for $18,400, or 90% above the current wholesale price, as well as an 1851 Silver Dollar in AU58 condition, which sold for the incredible price of $37,375, which is nearly 200% of the wholesale value of a mint state coin. Published or wholesale prices are based on the "Coin Dealer Newsletter."

Many fine collections came together for this January event; the most notable of which was the David Wallace Collection, where every lot realized well above the published wholesale lists. Some outstanding sales include an 1878 Seven Tail Feather PF65NGC for $14,950, compared to a published value of $6600; an 1882 Dollar PF67 NGC for $16,400, versus a sheet value of $6650; an 1895 Silver Dollar in PF66 at $48,875, which is nearly double the wholesale blue sheet of $27,500; and a spectacular 1921 Chapman PF65 dollar at $55,200, well above its $32,000 value.

Silvano DiGenova, CEO of Tangible, noted, "The January auction results are indicative of the current strong market for rare coins in this difficult economy. Investors are realizing the sizeable returns they can aftain through the investment in rare coins compared to other investment options available." DiGenova further commented, "We believe that the four-fold increase in our auction sales is an indication of the quality of products being brought to our company by consignors who see Superior Galleries as a major force in the market." DiGenova concluded, "We are very pleased to again be able to bring our consignors far above the wholesale value for their coins."

Tangible Asset Galleries, Inc., is a publicly traded company that, together with its subsidiary, Superior Galleries, acts as a dealer and auctioneer in rare coins, fine art and other fine collectibles. The firm markets its products through two prestigious locations, one in Beverly Hills and the other in Newport Beach, Calif., as well as through the company's web site at 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. Such forward-looking statements include express and implied statements concerning future results of operations, future efficiencies and future performance. 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 be correct. 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, distribution and competition trends, consumer preferences, and other market factors. Past sales performance may not be indicative of future results. No assurance is given that sales trends or our sales performance on behalf of consignors or customers will continue.

Contact:
Tangible Asset Galleries, Inc., Beverly Hills
Paul Biberkraut, 310-203-9855
paulb@sgbh.com