Beverly Hills, California - (Business Wire) - December 15, 2005 - Superior Galleries, Inc. ("Superior") (OTC Bulletin Board: SPGR) announced today that it was awarded the Dr. Allan Mandelstamm Collection of U.S. type coins that will anchor its February 2006 Beverly Hills Elite auction. The Dr. Allan Mandelstamm Collection has a multi-million dollar insured value, and contains many impressive highlights that seldom cross the auction block. The collection was assembled over a 19 year period with considerable assistance from veteran Superior Galleries Private Client Service Group leader, Mike Bonham. Said Mr. Bonham, "I am extremely excited to be a part of the process of helping Dr. Mandelstamm market his coins. Dr. Mandelstamm's uncompromising high standards for quality will pay tremendous dividends as new buyers compete to acquire these carefully chosen rarities, all of which exhibit beautiful, original surfaces."

Highlights from the Dr. Allan Mandelstamm Collection include: a complete gold and silver Panama Pacific set, a gem 1911 gold proof set, a gem 1899 gold proof set, an 1879 $4 gold "Stella" graded Proof 64, a rare proof-only 1876 $3 gold, an AU 1796 $10 gold, a complete gold and silver type set including a superb MS67 Lafayette dollar and an MS67 Grant with Star half dollar, a pewter Continental Dollar, a 1792 half disme, and many other desirable coins of the highest quality.

Superior Galleries CEO Silvano DiGenova commented "I had the pleasure of meeting Dr. Mandelstamm and reviewing his collection to assist him with a valuation and a recommendation as to how he could realize the highest prices for these beautiful coins. Dr. Mandelstamm obviously took great care in choosing coins of the highest quality, and I couldn't be more pleased to feature this impressive collection in our Beverly Hills Elite Auction. I have no doubt that many of these coins will make headlines in the numismatic press, as new buyers drive prices in a battle to win lots. I've participated in many auctions with collections of this quality during my career, and this auction rates to be a very exciting event."

The Mandelstamm Collection will be available for previewing at the FUN Show in January 2006, by appointment at Superior Galleries Beverly Hills state of the art show room, or on public view before the February auction. For more information on this or any other future Superior Galleries Elite Auctions, please contact Superior Galleries of Beverly Hills directly at 800-421-0754 or email us at info@sgbh.com

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 growth potential, future revenues and revenue growth, income, results of operations, expansion plans and expectations. 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, changes in investment recommendations by financial advisors 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 or paulb@sgbh.com
www.sgbh.com

Investor Relations Contacts:

CCG Investor Relations
Sean Collins, Partner, at 310-477-9800
www.ccgir.com

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