Superior Galleries Begins January 2006 with Stellar Elite Auction in Orlando, Florida.

BEVERLY HILLS, Calif. -- Superior Galleries, Inc. ("Superior") (OTCBB:SPGR) announced today the results of its Orlando Elite Auction held on January 2, 2006. Anchored by the superlative Franklin Dean Collection, prices realized from this successful auction were $4,017,408, inclusive of the buyer's premium, which was in excess of the pre-sale high estimate. Comprising less than 1390 lots, this auction, held just prior to the 2006 FUN Show held in Orlando Florida, was an unqualified success, with almost 80% sold by lot and dollar.

Session 1 included numerous strong prices including lot 15, an 1812 NGC MS66 Cent that sold for $31,050 in the early copper section. In the small cent section, lot 72, a 1909-S Lincoln Cent, PCGS MS67, was one of the most astonishing results in the sale, garnering a winning bid for $42,550. Lot 81, a 1917 Lincoln Cent, PCGS MS68, sold for $32,200. Among other type coins, lot 150 was a standout, an 1867 Shield Nickel Rays, PCGS PF64. Amidst active bidding, this lot sold for $57,500. However, the distinct highlight of the first session was lot 344, the cover lot, ex Franklin Dean, an 1805 Dime NGC MS67, that sold in the active auction room for $88,550. The Dean Collection contained numerous coins with lovely original toning, and lot 401 was no exception, an 1888 Liberty Seated Quarter Dollar, PCGS PF68, that found a buyer at $20,700.

Silver Dollars of all types anchored session 2, with numerous notable prices throughout. Lot 619, a lovely 1795 flowing hair NGC AU58 Dollar, realized $32,200. Among Seated Liberty coins, lot 637, an 1836 PCGS PR64 Gobrecht Dollar, saw bidding to $67,850. The O'Brien Proof Seated Liberty Dollars Collection all found buyers. Lot 653, an 1878 PCGS PF68 Trade Dollar from the Franklin Dean Collection with requisite original toning, estimated to bring $25-35,000, saw bidding escalate quickly over $50,000, and several minutes later, hammered down to a bidder for $120,750, amidst thunderous applause.

Morgan Dollars, a core auction offering, included the Portia Collection, the Property of a Gentleman, and part IV of the Battle Creek Collection of Rainbow Morgan Dollars. Among notable lots were 745, ex Dean Collection, an 1884 Morgan Dollar, PCGS PF68, that hammered down for $44,850, as well as lot 1030, a 1901 Morgan Dollar NGC PF68, sold at $27,600. As the fourth and final portion of the Battle Creek Collection to be offered, as in previous sales, all the Battle Creek Dollars were sold, with most lots selling at multiples of their estimates. Lot 966, an NGC MS63DPL 1889-CC Dollar, ex Portia Collection, sold for a very strong $34,500.

Patterns and proof sets also proved to be in great demand. Lot 1090, a unique pattern, the 1858 Pattern Cent NGC PF62, sold to a private collector for $37,950. A few lots later, lot 1099, an 1899 6pc. Proof Set, also ex Dean Collection, exceeded by more than triple its pre-sale estimate, finally selling to a collector for $73,600.

Gold highlights include:
Lot 1120, an 1879 $2.50 Liberty. PCGS PF66, sold $33,350.
Lot 1180, a 1904 $5 Liberty. PCGS PF65, sold $34,500.
Lot 1185, a 1911-D $5 Indian. PCGS MS63, sold $31,050.
Lot 1189, a 1797 $10 Capped Bust. Large eagle. PCGS MS61,
          sold $49,450.
Lot 1202, an 1897 $10 Liberty. PCGS PF64, sold $25,300.
Lot 1229, an 1851-O $20 Liberty. NGC MS62, sold $33,350.
Lot 1242, an 1886 $20 Liberty. PCGS PF64, sold $62,100.
Lot 1255, a 1904 $20 Liberty. PCGS PF64, sold $40,250.
Lot 1342, a 1927-S $20 St. Gaudens. PCGS MS62, sold $35,075.
Lot 1352, an 1851 U.S. Assay Office $50 "slug", 880 RE, sold $29,900.

Commenting on the Orlando Elite Auction, Executive Vice President and COO Larry Abbott commented, "We are so pleased to have had the opportunity to offer the Franklin Dean Collection along with other private collections in our inaugural auction of 2006. The unqualified success of the auction today is a testament to both the freshness of the material and the strength of the overall numismatic marketplace. Superior Galleries of Beverly Hills looks forward to our next Elite Auction of truly exceptional coins to be held February 5-7, 2006, which will feature the Allan Mandelstamm Collection of U.S. Type coins and the Dr. Arnold Bruhn Collection."

For further information about this Orlando Elite Auction or to consign to Superior's future Elite Auctions, please contact Paul Song, Vice President of Auctions, at 310-203-9855 or [e-mail].

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, 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 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.