BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 2, 2005--Superior Galleries, Inc. (OTCBB:SPGR - News) announced today that the prices realized from its Beverly Hills Elite rare coin auction, held May 29th-31st, 2005, exceeded $5.2 million inclusive of the buyer's premium. The sale included an impressive array of early American copper, silver and gold coins, many of which had been off the market for over seventy-five years, and these included some of the following esteemed collections:

The first section of the auction kicked off with a monumental offering of over 1,000 lots of copper coins from Half Cents onward, held in association McCawley-Grellman. Some of the esteemed collections offered in this section included The Alto III Collection of Half Cents and Large Cents; the John Pijewski Collection of Early Date Cents; and the Allan Kollar Collection of Half Cents and Large Cents.

The Alto Collection III comprised a fabulous array of U.S. gold, silver and copper coinage. Many of the coins in this fabulous collection descend from important sales dating from the 1920's through the early 1960's, including those of B. Max Mehl, J.C. Morgenthau, Barney Bluestone, John Zug and Wayte Raymond.

Also, of note were Early Gold Coins from the Ferragamo Collection which were also eagerly sought after. Paul Song, Vice President of Auctions, was quoted as follows:

"We are very pleased with our May 29-21st Elite Auction results, especially in light of how the highest quality, freshest lots brought well in excess of what we anticipated. Many lots brought multiples of the pre-sale estimates, and the auction room was active with live, phone and internet bidding via eBay Live throughout the 5 sessions. This reinforces again the strength of the United States coin market, especially when you have high quality material, coupled with the finest presentation to the marketplace." Among the highlights of the auction were:

	Lot #  Rare Coin Description                                  Price
	                                                              Realized
	----- ------------------------------------------------------ ---------
	       1793 Flowing Hair Cent S-3 Chain America AU53 with
	1010   provenance to December 1880                            $83,950
	----- ------------------------------------------------------ ---------
	       1793 Flowing Hair Wreath Cent S-5 with provenance to
	1012   November 1913                                          $71,300
	----- ------------------------------------------------------ ---------
	       1795 Liberty Capped Cent S-75 Lettered Edge Ex Virgil
	1014   Brand 1935                                             $37,375
	----- ------------------------------------------------------ ---------
	       1799/8 Draped Bust Large Cent S-188 with provenance to
	1020   Frossard June 1883                                     $82,800
	----- ------------------------------------------------------ ---------
	3394   1796 Draped Bust Quarter Dollar B-2 AU50               $35,650
	----- ------------------------------------------------------ ---------
	3506   1795 Flowing Hair Half Dollar in MS64                  $58,650
	----- ------------------------------------------------------ ---------
	4144   1776 Continental Dollar in Pewter Remarkably in MS64   $115,000
	----- ------------------------------------------------------ ---------
	5191   1795 Half Eagle Small Eagle Reverse in MS63            $43,700
	----- ------------------------------------------------------ ---------
	5204   1804 Capped Bust Eagle Large Eagle Small Date in MS64  $40,250
	----- ------------------------------------------------------ ---------
	5229   1818 Capped Head Half Eagle STATESOF Variety in MS64   $55,200
	----- ------------------------------------------------------ ---------
	

For more information on this auction, to order a catalogue, or to consign to our pre-ANA Elite Auction to be held July 22-23, 2005 in Santa Clara in conjunction with the Santa Clara Coin Convention, please call Paul Song toll free at 800-421-0754 or by email at consign@sgbh.com.

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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 growth potential, 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 and risks identified in our SEC filings. 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, 310-203-9855
paulb@sgbh.com
www.sgbh.com

or

Investor Relations Contacts:
CCG Investor Relations
Sean Collins, 818-789-0100
www.ccgir.com

or

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