The auction for the $1 million gold coin begins today and will run through October 6, 2000. In addition, during the next 60 days Tangible will place approximately 5,000 items up for bid, including many great American rarities, on Yahoo! Auctions, with a total aggregate value of more than $10 million. The auction is listed on the Tangible page on Yahoo! Auctions at http://auctions.yahoo.com/booth/TAGalleries.

"We are thrilled about our relationship with Yahoo! and are pleased to offer this desirable piece of American history to Yahoo!'s large base of consumers," said Silvano DiGenova, chief executive officer, Tangible Asset Galleries, Inc. "This coin is significantly rare and represents the opportunity to emblazon the new owner's name forever into the pedigree of one of America's treasures."

As a part of an ongoing relationship, Tangible has also joined Yahoo! Auctions as the first featured seller in the coins category. This will give Tangible prominent placement throughout the site, as well as an endorsement from Yahoo! Auctions as an online seller with a strong reputation, high-quality merchandise and consistency of inventory.

"We are continuously striving to offer consumers and collectors the best quality items and content available. We are looking forward to working with Tangible Asset Galleries to provide insight and expertise in the coins category to our consumers," said Rich Godwin, brand manager, Yahoo! Auctions. "We are delighted to kick off our relationship with Tangible Asset Galleries with the unique auction of this valuable piece of American history."

The Ultra High Relief Twenty Dollar Gold is often called "America's Most Beautiful Coin" and is an early strike of the coin designed by famous American sculptor Augustus St. Gaudens under the specific request of then President Teddy Roosevelt. President Roosevelt's order to make America's coins more attractive was the genesis of the government resolve to re-create coin design in what was, at the time, a nontraditional manner. The coin design was so dynamic and engaging, the U.S. Mint chose the basic St. Gaudens design eighty years after the original coin was struck for all the U.S. gold bullion coins issued each year since 1986.

As the largest globally-branded free online auction service, Yahoo! Auctions operates in 16 countries and 11 languages, giving consumers access to the unique and antique through its ever-expanding world of collectables. Launched in September of 1998, Yahoo! Auctions offers more than two million items to choose from in categories including coins, autos and sports memorabilia, as well as extraordinary items found through unique charity, featured and merchant auctions. With the support of Yahoo!'s global community of users and comprehensive tools, Yahoo! Auctions' consumers can bid and sell with confidence as part of Yahoo!'s unparalleled audience of 156 million consumers worldwide.

About Tangible Asset Galleries, Inc.
Tangible Asset Galleries is a publicly held retailer, wholesaler and auctioneer of fine and decorative art, rare coins and other fine collectibles operating both in the traditional venues and on the Internet.