Heritage Galleries Posts Record Results for 2004!

Dallas, Texas: Heritage Numismatics Auctions, Inc. (HNAI) and Currency Auctions of America (CAA) reported $164,700,025 in coin and currency auction net sales for 2004, making it the leading coin and currency auctioneer, by a wide margin, for the fourth year in a row. This figure represents a 52.4% increase over last year's sales of $108,091,822, and sets a new record for numismatic auction sales in a single year.

"This was a dynamic year for the world of collectibles," said Steve Ivy, Heritage Co-Chairman and President of the Professional Numismatists Guild. "Even with a presidential election and increasingly unstable world events, both factors that have traditionally had a negative impact on collectibles in general, the markets stayed healthy and robust throughout. The coin market is about as hot now as it's ever been, and prices are strong in all areas. More and more people are seeing the wisdom in keeping a certain amount of their portfolio in tangible assets, making the concept of collectibles in general even more attractive. In addition, the increased visibility and popularity of third party grading has made it much easier for people to get into markets that previously might have proved too intimidating for the new collector."

All numbers include Heritage's 15% Buyers Premium, but do not include direct private treaty sales, which were slightly over $135 million additionally. These auction figures only include those items that actually met reserve and do not include consignor buy-backs.

Heritage continued to hold onto its position as the World's Largest Collectibles Auctioneer with strong sales in other collectible areas as well.

"2004 was a year of strong growth for us," said Heritage Co-Chairman Jim Halperin. "With the acquisition of Slater's Americana and Slater's Provenance Auctions in August, we've added Political Memorabilia and Americana to our growing family of disciplines. We also acquired Odyssey Auctions in March, and have since become one of the leaders in Music and Entertainment auctions. In 2005, we're looking to grow into several other collectible areas, in order to bring even greater diversity to our ever-expanding customer base."

Total net sales for 2004 totaled $186,481,822, a 50.7% increase over 2003's total net sales of $123,680,304. Breakdown by company is as follows:

Highlights of 2004 included:

• Heritage's 2004 FUN Auctions: Over $30 Million
• Heritage World Coin Auctions realizes over $1.8 million in New York Signature Sale
• Heritage Launches "Coin Club Outreach" Program
• Heritage Acquires Odyssey Auctions
• Heritage Sells $7.5 Million in Important Rarities at March Portland ANA Signature Auction
• Heritage Internet Currency Auction Tops $300,000, Shatters Record
• Heritage Comics' First Auction Of 2004 Realizes Well Over $2.3 Million
• Heritage Takes A Bite Out Of The Big Apple; Peanuts Sunday Sells For $71,875
• Legendary Musical Instruments & Memorabilia Bring Big Bucks In "Big D"; Elton John's Piano Sells For $164,500, Kurt Cobain's Guitar $117,500 In Heritage Auction.
• Heritage Central States Auctions Exceed $16 Million
• Heritage Currency Auctions of America realizes over $3.2 million at CSNS Auction
• Heritage Galleries & Auctioneers' Inaugural Sale Of Important Silver, Art Glass, And Fine Art A Resounding Success; A World-Record At Auction For American Painter Henry Martin Gasser
• Unique Specimen 1856-O $20 Highlights Heritage's $14 Million Long Beach Auctions
• Heritage's New York Signature & Bullet Auctions Top $8.1 Million
• Heritage Purchases Slater's Americana.
• Heritage's Pittsburgh ANA Signature Auction Sales Exceed $20 million; Prices Realized Record Doubled!
• Heritage Weekly Exclusively Internet Auction Breaks $500,000 Barrier Again.
• Heritage's September Long Beach Signature Auction of U.S. Coins Passes $8 Million; $17 Million Total Sales.
• Spectacular 1963 Mickey Mantle Jersey Highlights; Inaugural Heritage Sports Collectibles Signature Auction
• Heritage World Coin Auctions' September Long Beach; Signature Auction of Nears $1.4 Million; Total Long Beach Sales Pass $17 Million
• Heritage Galleries & Auctioneers: Auction Of Silver, Art Glass, Paintings And Decorative Arts Exceeds $1 Million
• Heritage Realizes $12 Million in Palm Beach Auctions
• The Votes Are In - Heritage Galleries Political Memorabilia Auction Wins in a Landslide! Heritage-Slater Sale Tops All Previous Records!
• Heritage Vintage Movie Poster Auction Sets New World Record! Bride of Frankenstein Title Card Sells for $46,000!
• At $450,000+, Latest Heritage Internet Currency Auction #34112 Far Exceeds All Past CA Sales; 2004 Twice-a-Month CurrencyAuctions.com Sales Break $2.5 Million Milestone
• Heritage Realizes $5.5 Million in Final Sale of 2004
• Heritage My Collection^TM Software Users Exceed 40,000!
• Heritage Signature Sale A Resounding Success! Rogue River Collection Exceeds Expectations!
• 20th Century Music and Memorabilia Sale a Hit For Heritage-Odyssey.
• HeritageComics.Com Membership Reaches 30,000!

For more information about any of Heritage's auctions, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HeritageGalleries.com. Heritage Galleries & Auctioneers is headquartered at 3500 Maple Avenue, 17th Floor, Dallas, Texas, 75219, 800 872 6467.