Beverly Hills, California – June 2, 2004 - Superior Galleries, Inc. (OTC Bulletin Board: SPGR) announced today that prices realized from its Elite rare coin auction, held on May 30th through June 1st, exceeded $6 million.

Among the highlights from the auction was a Kittanning Destroyed Medal struck in 1756 and widely considered, "...the first large medal made from American dies and struck in what is now the United States of America.", realized $48,300 in very spirited bidding.

Rare United States Gold coins continued to show strength as an 1879 $4 "Stella" graded Proof 64 soared to $135,125. This was fully 30 percent above published valuations.

The featured Russian Classics Collection Part II amazed onlookers as numerous coins brought multiples of pre-sale estimates. For example, an 1801 Pattern Ruble graded Proof 64, struck in Silver with lettered edge, realized a price of $105,600 against a high end pre-sale estimate of $40,000.

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