Beverly Hills, California – April 5, 2004 - Superior Galleries, Inc. (Pink Sheets: SPGR) announced today that prices realized from its Santa Clara Elite rare coin auction, held on April 2nd and 3rd, exceeded $2.176 million. This represents an increase of 128% over Superior’s April 2003 Santa Clara auction that realized just over $953,000. Superior is the official auctioneer of the Santa Clara Coin Show.

Among the highlights of the auction was a 1909-S VDB PCGS MS65 RED that sold for $15,525 and is one of America’s most highly collected coins. The price realized for this coin is more than triple the current wholesale price of $4,400.

An 1894 gold proof set consisting of a $2 1/2, $5, $10 and $20 in NGC PF65 to 66 condition realized a spectacular price of $201,250 versus a pre-auction estimate of $100,000.

An 1855 Wass, Molitor & Co. $50 Gold Coin in NGC MS60 that is a famous example of a California Gold Rush coinage and is usually in very worn condition realized $97,750.

A new world record at auction was set for an 1879 $4 Flowing Hair "Stella" that garnered an astronomical price realized of $333,500. This very popular, but little know coin to the non-collector community vastly exceeded a recently published wholesale price of $200,000.

A magnificently toned 1926 Oregon Trail Commemorative Half Dollar coin realized an extraordinary $69,000 in competitive bidding. This unusual specimen was the star attraction of the session held on Saturday, April 3, 2004.

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 sgbh.com.

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