Beverly Hills, California - April 7, 2005 - Superior Galleries, Inc. (OTC Bulletin Board: SPGR) announced today the results of its Santa Clara Elite Rare Coin Auction, held March 31 through April 2, 2005. Prices realized from this successful auction totaled nearly $1.19 million. Featured in the sale was The Las Vegas Collection Part IV, as well as selections from The Alto III Collection and The John Wesley English Estate. Superior is the official auctioneer of the Santa Clara Coin Show, which is held twice a year in April and November.

The strength of the rare coin market is well illustrated by the prices realized in Santa Clara. Many specimens were sold at prices that well exceeded previous market levels. Of special note, an impressive 1916 Double Die Buffalo Nickel (lot #1013 in the Las Vegas Collection) graded AU55 by NGC brought $36,800 as compared to the current wholesale Greysheet bid of $27,600, and a lustrous 1794 Flowing Hair Half Dollar (lot #2204) graded AU50 by PCGS was sold for $73,600 as compared to the current wholesale Greysheet bid is $45,000.

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.

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 and results of operations. 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., Beverly Hills, California
Paul Biberkraut, CFO, at 310-203-9855 or paulb@sgbh.com
www.sgbh.com

Investor Relations Contacts:

CCG Investor Relations
Sean Collins, Partner, at 818-789-0100
www.ccgir.com

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