FIFE, WASHINGTON - July 10, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the Company") announced today that Heritage, the World's largest collectible auctioneer, will be selling more than 10,000 lots of numismatic treasure, from more than 450 consignors, through the services of the Company's wholly owned subsidiary iCollector, July 26, 2003 to July 28, 2003 from Baltimore, MD.

The history-making coin auction is one of the most amazing auctions that Heritage has had the privilege of presenting. The listings include a broad range and wonderful selection of important and high grade coins, including the Gil Clark, John Dabbert and Frank O. Fredericks Collections. The entire seven session auction can be previewed at www.icollector.com and will be broadcast on eBay Live Auctions.

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 auctions houses. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information contact Investor Relations at 858-775-7962 or investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is the independent connection to the world's auction houses. Founded in 1994, it was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet. Today iCollector.com represents some of the world's leading auction houses. Since January 2001, its alliance with eBay Live Auctions has resulted in hundreds of Live Auctions being broadcast in real-time, direct to the saleroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With its unparalleled understanding and expertise in this sector, iCollector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online.