Beverly Hills, California - June 1, 2005 - Superior Galleries, Inc. (OTC Bulletin Board: SPGR) announced today veteran numismatist and auction executive Larry Abbott, most recently with Heritage Galleries and Auctioneers, the largest coin auction house in the U.S., has been appointed Executive Vice President and Chief Sales Officer with Superior Galleries. Mr. Abbott will lead and oversee the growth of both the Company's sales and auction divisions.

Silvano DiGenova, CEO of Superior Galleries, said, "I couldn't be more pleased that Mr. Abbott has decided to join Superior. He is an experienced, decisive leader with a proven track record of successfully growing revenues. With over 23 years' experience in numismatics, Mr. Abbott brings an ideal mix of product knowledge and management expertise to his position. This combination of skills fits precisely with our strategy of assembling the best possible team of professionals, and delivering the best customer service experience in the market."

Mr. Abbott began his career in numismatic sales in 1982, and was most recently the Executive Vice President of Heritage Galleries & Auctioneers in Dallas, Texas. At Heritage he was involved in all aspects of auctions, including sales management, consignments, marketing, and private client services. Mr. Abbott commented, "I am very excited at the opportunity to lead a team of such outstanding professionals, and to have a direct impact on revenues and profits for the organization. As Executive Vice President at Superior, I will report directly to CEO Silvano DiGenova, and look forward to playing a leadership role in building Superior Galleries. Mr. DiGenova and I have discussed plans and strategies at length, and I am extremely confident that our newly enhanced access to capital, along with key additions to our staff such as Paul Inho Song, will allow us to continue to accelerate revenue growth and profitability, while setting the 'gold standard' for customer service in the market."

Mr. DiGenova further noted, "The addition of Mr. Abbott to our staff should send the very clear message to collectors and dealers that Superior Galleries is committed to delivering the highest levels of quality, value and service our clients. A key element of our strategy going forward will be to differentiate ourselves as the most customer-focused firm in the market. Larry's successful execution of this strategy will help us to continue to strengthen and grow our sales and auction businesses."

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 www.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
Paul Biberkraut 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
hg@amcapventures.com