Beverly Hills, California- (Business Wire)-June 5,2003- Tangible Asset Galleries, Inc., (Pink Sheets: TAGZ) announced the results of its May 2003 Pre-Long Beach Expo held over the Memorial Day weekend at its Superior Galleries unit in Beverly Hills, California. Superior broke the one day auction world record for an all copper coinage with prices realized of $2.88 million. The offerings at the auction included the copper coinage from the Dr. Wallace Lee collection, the C. Douglas Smith collection and superb examples of early copper coinage.

In an interview with Dr. Lee prior to the sale, Lee described one of his favorite coins, the 1802/0 Draped Bust, 2 over 0, Reverse of 1800 half cent, saying, "The thing (coin) is only in Good condition, but expensive and hard to find. That (coin) will go for $5,000. I purchased it in 1980." The coin realized $16,100 in highly competitive bidding.

The highlight of the entire evening emerged as Lot 365. An example of the famous Apple Cheeks variety large cent, a 1794 graded Mint State 67 red and brown by Professional Coin Grading Service. This coin realized $92,000 in heated bidding between floor bidders and multiple telephone bidders.

Prices realized from the three day auction exceeded $9.4 million. This included a sale of $253,000 for the 1876-CC Twenty Cent piece graded MS-66 by PCGS, a fabled and desirable classic American rarity.

Silvano DiGenova, CEO of Tangible, noted "Many areas of the U.S. coin market appeared strong. A rare 1918/7-D Buffalo nickel graded AU-55 brought over $31,000 or multiples of its currently published value. Gold coins, especially those with the prized "CC" or Carson City mintmark designation were in high demand. An 1870-CC Coronet Head $10 Eagle graded AU-50 realized $34,500." DiGenova further commented "We believe that the continued strength in auction sales as demonstrated by the excellent results of our January 2003, February 2003 and May 2003 sales is positioning Superior as one of the country's most reputable and leading rare coin auction houses."

Tangible Asset Galleries, Inc. is a publicly traded company, which together with it's subsidiary, Superior Galleries acts as a dealer and auctioneer in rare coins and other fine collectibles. The firm markets its products through its prestigious location in Beverly Hills, CA and the company's web site at scibh.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, the future condition of the market for coins or other tangible assets, future efficiencies and future auction results and 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