BEVERLY HILLS, Calif.--Feb. 16, 2005--Superior Galleries, Inc. ("Superior") (OTCBB:SPGR - News) announced that its February pre-Long Beach Elite coin auction is up and available for viewing, both on Superior's website (www.sgbh.com) as well as on eBay's Live Auctions (www.ebayliveauctions.com), thanks to a partnership between Superior Galleries and eBay.

Live bidding will be available at the Superior Galleries website (www.sgbh.com) and additionally on eBay's Live Auctions (www.ebayliveauctions.com). With eBay, participants can bid interactively in real time with the auction floor. The eBay bidding is being facilitated by iCollector.com, a division of Ableauctions.com Inc. (AMEX:AAC - News). Ableauctions' software allows individuals to place proxy bids prior to the auction as well as to bid live interactively on eBay.

Dinner is served with every evening session.

WHEN:

Sunday, February 20 at 1:00 PM
Monday, February 21 at 10:00 AM and 6:00 PM
Tuesday, February 22 at 1:00 PM and 6:00 PM

VENUE:

Loews Beverly Hills Hotel
Studio 360 - Top of Loews
1224 S. Beverwil Drive
Los Angeles, CA 90035
310-277-2800

The total auction has an estimated value well in excess of $5 million. The Company outlined the following highlights of the items to be featured in the event, which is being held February 20th through February 22nd.

This auction contains numerous rarities in both the United States coin realm, as well as foreign and ancient coins. Among the U.S. coin rarities, many fabulous issues are available. To cite a few: Lot #4001, a 1792 half disme (half dime) in about uncirculated 55 condition. This is the fabled "first American coin." Legend has it that Martha Washington donated her silver to have the coin struck. Furthermore, Thomas Jefferson was personally involved in the design of this coin. Superior Galleries estimates its example to realize between $150,000 and $200,000.

Additionally, we have two attractive examples of America's first silver dollar, struck in 1794. One is in extremely fine 40 and another in very fine 25 condition. The Company estimates these coins to realize anywhere from $80,000 to $120,000 each. Being America's first silver dollar, these are truly historic examples of Americana. Superior Galleries is known for handling many of these early American rarities.

Moreover, we have a very choice 1889-CC silver dollar in mint state 63. This is the rarest silver dollar of the Carson City mint. Coins from the Old West Carson City mint are arguably the most popular of America's coinage. This example is estimated to realize $20,000 to $30,000.

Next we have a $4 Stella from 1879 in proof 66 deep cameo. The $4 gold piece as a denomination is the rarest of American coinage. Most individuals don't realize America even made a $4 gold coin. This example is within one point of the finest known and is estimated to realize between $175,000 and $250,000. Superior holds the record for an 1879 flowing hair Stella at $322,000 for the highest graded example of this coin.

Furthermore, we have examples of both types of America's first $5 gold coin struck in 1795. That year, two different eagle reverses were used with Liberty on the front. Both examples are almost uncirculated 58, meaning very close to mint condition. The first is estimated at $30,000 to $40,000 and the second, the rarer type, at $60,000 to $80,000.

Finally, we have a spectacular run of $20 St. Gaudens struck in proof (proofs are very limited collectors' editions). Included are a: 1907 high relief in proof 64, 1908 $20 in proof 64, 1909 in proof 66, 1911 in proof 65 and 1913 in proof 64. All of these have original mintages of less than 200 coins, with the 1913 being the rarest, one of only 58 struck. The coins have estimates of a low of $20,000 to a high of $100,000.

In addition to the many spectacular American coins, we have a lovely collection of ancient Greek coins dating in the range of 400 to 300 BC, numerous ancient Roman coins dating to approximately AD 200, and one of the finest collections of Russian coinage, which includes unique and nearly unique items from the 18th and 19th century, valued from several thousand dollars to the six-figure range.

Silvano DiGenova, CEO of Superior Galleries, commented, "We are very pleased at our ability to put together these mid-seven-figure auctions of rare coins. We are particularly pleased with the great array of both American and foreign coins from antiquity that we have accumulated for this sale. We expect numerous six-figure sales. We are also very pleased with our association with eBay in broadcasting our auction throughout their network and having them provide live interactive bidding on our behalf. On average, eBay brings several thousand additional bidders to our already extensive client base of bidders."

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of 3,000 auctions, the Company has developed its own technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet.

About Superior Galleries

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 and the company's website 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, 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. 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.