Document:

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                                                                     EXHIBIT 4.3

                    FORM OF INCENTIVE STOCK OPTION AGREEMENT

                            SUPERIOR GALLERIES, INC.

                             STOCK OPTION AGREEMENT

                            (INCENTIVE STOCK OPTIONS)

                      (NOT TO BE USED FOR 10% SHAREHOLDERS)

I.       NOTICE OF STOCK OPTION GRANT

(Participant's Name and Address)

         The undersigned Participant has been granted an Option to purchase
Common Stock of the Superior Galleries, Inc., a Delaware Corporation (the
"COMPANY"), subject to the terms and conditions of this Option Agreement, as
follows:

Grant Number
                                                     ---------------------------

Date of Grant
                                                     ---------------------------

Vesting Commencement Date
                                                     ---------------------------

Exercise Price Per Share
                                                     ---------------------------

Total Number of Shares of
      Common Stock covered
      by this Option
                                                     ---------------------------

Total Exercise Price
                                                     ---------------------------

Term/Expiration Date (which shall not
    exceed 10 years from the date of grant.):
                                                     ---------------------------

         VESTING SCHEDULE: This Option shall be exercisable, in whole or in
part, according to the following vesting schedule: [INDICATE VESTING SCHEDULE:
AT LEAST 20% PER YEAR]

         STOCK OPTION PLAN: This Option is granted pursuant to the Omnibus Stock
Option Plan of Superior Galleries, Inc. adopted by the Company's corporate
predecessor by shareholder vote on June 30, 2003, and assumed by this Company on
the same date (the "PLAN"). All of the terms and conditions of the Plan are
hereby incorporated herein by this reference. If there is a conflict between the
terms of the Plan and the terms of this Option, the terms of the Plan shall
supercede any such conflicting terms in this Option.

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II.      AGREEMENT

         1. GRANT OF OPTION. The Company hereby grants to the Participant (the
"PARTICIPANT") named in the Notice of Stock Option Grant (the "NOTICE OF GRANT")
an option (the "OPTION") to purchase the number of shares of Common Stock of the
Company set forth in the Notice of Grant (the "SHARES"), at the exercise price
per Share set forth in the Notice of Grant (the "EXERCISE PRICE"), and subject
to the terms and conditions of this Agreement.

         This Option is intended to be an "INCENTIVE STOCK OPTION" as defined in
Section 422 of the Internal Revenue Code (the "CODE"). Accordingly, this Option
is granted pursuant to "Plan A" as set forth in the Plan.

         The Participant acknowledges that the grant and exercise of this Option
have substantial tax effects on him or her, and the Participant agrees to obtain
his or her own tax and accounting advice concerning the grant and exercise of
this Option, and concerning his or her sale of the shares issuable upon exercise
of this Option.

         2.       EXERCISE OF OPTION.

                  (a) RIGHT TO EXERCISE. This Option shall be exercisable during
         its term in accordance with the Vesting Schedule set out in the Notice
         of Grant and with the applicable provisions of this Option Agreement.

                  (b) METHOD OF EXERCISE. This Option shall be exercisable by
         delivery of an exercise notice in the form attached as EXHIBIT A (the
         "EXERCISE NOTICE") which shall state the election to exercise the
         Option, the number of Shares with respect to which the Option is being
         exercised (the "EXERCISED SHARES"), and such other representations and
         agreements as may be required by the Company. The Exercise Notice shall
         be accompanied by payment of the aggregate Exercise Price as to all
         Exercised Shares. This Option shall be deemed to be exercised upon
         receipt by the Company of such fully executed Exercise Notice
         accompanied by the aggregate Exercise Price. As a condition to the
         exercise of the Option, in whole or in part, the Company may, in its
         sole discretion, require the Participant to pay, in addition to the
         purchase price for the Shares being exercised, an amount equal to any
         federal, state or local taxes that the Company has determined are
         required to be paid in connection with the exercise of the Option.
         Furthermore, if the Participant disposes of the shares of stock
         acquired by exercise of this Option prior to the expiration of the
         holding periods specified in Section 422(a)(1) of the Code, the
         Participant shall pay to the Company, or at the Company's election the
         Company shall have the right to withhold from any payments to be made
         to the Participant, an amount equal to any federal, state and local
         taxes the Company has determined are required to be paid in connection
         with the exercise of such Option in order to enable the Company to
         claim a deduction or otherwise.

                  (c) CONTINUOUS RELATIONSHIP WITH THE COMPANY REQUIRED. Except
         as otherwise provided in this SECTION 2, this Option may not be
         exercised unless the Participant, at the time he or she exercises this
         Option, is, and has been at all times since the Grant Date, an employee
         of the Company or any parent or subsidiary of the Company as defined in
         Section 424(e) or (f) of the Code (an "ELIGIBLE PARTICIPANT").

                  (d) TERMINATION OF RELATIONSHIP WITH THE COMPANY. If the
         Participant ceases to be an Eligible Participant for any reason other
         than his or her death or disability or termination of his or her
         relationship with the Company for cause, then the right to exercise
         this option shall terminate thirty (30) days after such cessation (but
         in no event after the Expiration Date as set forth in the Notice of
         Grant (the "EXPIRATION DATE")), PROVIDED THAT this Option shall be
         exercisable only to the extent that the Participant was entitled to
         exercise this Option on the date of such cessation.

                                       2
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                  (e) EXERCISE PERIOD UPON DEATH OR DISABILITY. If the
         Participant dies or becomes disabled (within the meaning of Section
         22(e)(3) of the Code) prior to the Expiration Date while he or she is
         an Eligible Participant, this Option shall be exercisable, within the
         period of one year following the date of death or disability of the
         Participant, by the Participant or the administrator of his or her
         estate, PROVIDED THAT this Option shall be exercisable only to the
         extent that this option was exercisable by the Participant on the date
         of his or her death or disability, and further provided that this
         option shall not be exercisable after the Expiration Date.

                  (f) EXERCISE FOLLOWING TERMINATION FOR CAUSE. If an Eligible
         Participant's employment, directorship, or other relationship with the
         Company that was the basis for the grant of this Option is terminated
         for Cause, as defined herein, then this Option shall immediately expire
         on the date of such termination. As used in this Section, "CAUSE" shall
         mean: (i) a failure by the Eligible Participant to comply with any
         material obligation imposed under any applicable contract of employment
         or employment manual; (ii) willful malfeasance by the Eligible
         Participant in connection with the performance of his employment
         duties; (iii) the Eligible Participant's conviction of, or pleading
         guilty or nolo contendere to, or being indicted for a felony or other
         crime involving theft, fraud or moral turpitude; (iv) the illegal use
         by the Eligible Participant of drugs or alcohol; (v) fraud or
         embezzlement against the Company; (vi) the failure of the Eligible
         Participant to obey any proper written direction of the Board that is
         not inconsistent with this Agreement; or (x) the violation by the
         Eligible Participant of the non-competition and confidentiality
         provisions of any other agreement with the Company.

         No Shares shall be issued pursuant to the exercise of an Option unless
such issuance and such exercise complies with all applicable laws. Assuming such
compliance, for income tax purposes the Shares shall be considered transferred
to the Participant on the date on which the Option is exercised with respect to
such Shares.

         3. PARTICIPANT'S REPRESENTATIONS. Participant represents and warrants
to the Company that Participant is acquiring the Option for his own account, and
not with a view to or for sale in connection with any distribution thereof. If
the Shares have not been registered under the Securities Act of 1933, as amended
(the "SECURITIES ACT"), at the time this Option is exercised, the Participant
shall, if required by the Company, concurrently with the exercise of all or any
portion of this Option, deliver to the Company his or her Investment
Representation Statement in the form attached hereto as EXHIBIT B.

         4. LOCKUP PERIOD. The Participant hereby agrees that, if so requested
by the Company or any representative of the underwriters (the "MANAGING
UNDERWRITER") in connection with any registration of the offering of any
securities of the Company under the Securities Act, the Participant shall not
sell or otherwise transfer any Shares or other securities of the Company during
the 180-day period (or such other period as may be requested in writing by the
Managing Underwriter and agreed to in writing by the Company) (the "MARKET
STANDOFF PERIOD") following the effective date of a registration statement of
the Company filed under the Securities Act. Such restriction shall apply only to
the first registration statement of the Company to become effective under the
Securities Act that includes securities to be sold on behalf of the Company to
the public in an underwritten public offering under the Securities Act. The
Company may impose stop-transfer instructions with respect to securities subject
to the foregoing restrictions until the end of such Market Standoff Period.

         5. METHOD OF PAYMENT. Payment of the aggregate Exercise Price shall be
by any of the following, or a combination thereof, at the election of the
Participant:

                                       3
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                  (a) cash or check, payable to the order of the Company;

                  (b) by (i) delivery of an irrevocable and unconditional
         undertaking by a creditworthy broker to deliver promptly to the Company
         sufficient funds to pay the exercise price and any required tax
         withholding or (ii) delivery by the Participant to the Company of a
         copy of irrevocable and unconditional instructions to a creditworthy
         broker to deliver promptly to the Company cash or a check sufficient to
         pay the exercise price and any required tax withholding;

                  (c) when the Common Stock is registered under the Securities
         Exchange Act of 1934 (the "EXCHANGE ACT"), by delivery of shares of
         Common Stock owned by the Participant valued at their fair market value
         as determined by (or in a manner approved by) the Board in good faith
         ("FAIR MARKET VALUE"), provided (i) such method of payment is then
         permitted under applicable law and (ii) such Common Stock, if acquired
         directly from the Company, was owned by the Participant at least six
         months prior to such delivery;

                  (d) to the extent permitted by the Board, in its sole
         discretion at the time of exercise by payment of such other lawful
         consideration as the Board may determine;

                  (e) by presentation and surrender of this Option to the
         Company at its principal executive offices with a "Cashless Exercise
         Form" annexed hereto duly executed (such exercise being referred to
         herein as a "CASHLESS EXERCISE"). In the event of a Cashless Exercise,
         the Participant shall exchange its Option for such number of Shares
         determined by multiplying the number of Shares covered by this Option
         by a fraction, the numerator of which shall be the difference between
         the current market price per share of Common Stock and the Exercise
         Price, and the denominator of which shall be the then-current market
         price per share of Common Stock.;

                  (f) by any combination of the above permitted forms of
         payment.

         6. RESTRICTIONS ON EXERCISE. This Option may not be exercised if the
issuance of the underlying Shares upon such exercise or the method of payment of
consideration for such Shares would constitute a violation of any applicable
law.

         7. ADJUSTMENTS FOR CHANGES IN COMMON STOCK AND CERTAIN OTHER EVENTS.

                  (a) CHANGES IN CAPITALIZATION. The provisions of this SECTION
         7(A) and SECTION 7(B) below are intended to implement Section 25 of the
         Plan. In the event of any stock split, reverse stock split, stock
         dividend, recapitalization, combination of shares, reclassification of
         shares, spin-off or other similar change in capitalization or event, or
         any distribution to holders of Common Stock other than a normal cash
         dividend, (i) the number and class of securities and exercise price per
         share subject to each outstanding Option, and (ii) the exercise price
         of this Option shall be proportionally adjusted by the Company (or
         substituted Awards may be made, if applicable) to the extent the Board
         shall determine, in good faith, that such an adjustment (or
         substitution) is necessary and appropriate. If this Section 7(a)
         applies and Section 7(c) also applies to any event, Section 7(c) shall
         be applicable to such event, and this Section 7(a) shall not be
         applicable.

                  (b) LIQUIDATION OR DISSOLUTION. In the event of a proposed
         liquidation or dissolution of the Company, the Board shall upon written
         notice to the Participants provide that all then unexercised Options
         will, to the extent permissible under the rules of the California
         Department of Corporations (i) become exercisable in full as of a
         specified time at least 10 business days prior to the effective date of
         such liquidation or dissolution and (ii) terminate effective upon such
         liquidation or dissolution, except to the extent exercised before such
         effective date.

                                       4
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                  (c)      Reorganization Events

                           (a) DEFINITION. A "Reorganization Event" shall mean:
                  (a) any merger or consolidation of the Company with or into
                  another entity as a result of which the Common Stock is
                  converted into or exchanged for the right to receive cash,
                  securities or other property or (b) any exchange of shares of
                  the Company for cash, securities or other property pursuant to
                  a share exchange transaction.

                           (b) CONSEQUENCES OF A REORGANIZATION EVENT ON
                  OPTIONS. Upon the occurrence of a Reorganization Event, or the
                  execution by the Company of any agreement with respect to a
                  Reorganization Event, the Board shall provide that all
                  outstanding Options shall be assumed, or equivalent options
                  shall be substituted, by the acquiring or succeeding
                  corporation (or an affiliate thereof). For purposes hereof, an
                  Option shall be considered to be assumed if, following
                  consummation of the Reorganization Event, the Option confers
                  the right to purchase, for each share of Common Stock subject
                  to the Option immediately prior to the consummation of the
                  Reorganization Event, the consideration (whether cash,
                  securities or other property) received as a result of the
                  Reorganization Event by holders of Common Stock for each share
                  of Common Stock held immediately prior to the consummation of
                  the Reorganization Event (and if holders were offered a choice
                  of consideration, the type of consideration chosen by the
                  holders of a majority of the outstanding shares of Common
                  Stock); provided, however, that if the consideration received
                  as a result of the Reorganization Event is not solely common
                  stock of the acquiring or succeeding corporation (or an
                  affiliate thereof), the Company may, with the consent of the
                  acquiring or succeeding corporation, provide for the
                  consideration to be received upon the exercise of Options to
                  consist solely of common stock of the acquiring or succeeding
                  corporation (or an affiliate thereof) equivalent in fair
                  market value to the per share consideration received by
                  holders of outstanding shares of Common Stock as a result of
                  the Reorganization Event.

                           Notwithstanding the foregoing, if the acquiring or
                  succeeding corporation (or an affiliate thereof) does not
                  agree to assume, or substitute for, such Options, then the
                  Board shall, upon written notice to the Participants, provide
                  that if permitted under the rules of the California Department
                  of Corporations all then unexercised Options will become
                  exercisable in full as of a specified time prior to the
                  Reorganization Event and will terminate immediately prior to
                  the consummation of such Reorganization Event, except to the
                  extent exercised by the Participants before the consummation
                  of such Reorganization Event; provided, however, that in the
                  event of a Reorganization Event under the terms of which
                  holders of Common Stock will receive upon consummation thereof
                  a cash payment for each share of Common Stock surrendered
                  pursuant to such Reorganization Event (the "Acquisition
                  Price"), then the Board may instead provide that all
                  outstanding Options shall terminate upon consummation of such
                  Reorganization Event and that each Participant shall receive,
                  in exchange therefor, a cash payment equal to the amount (if
                  any) by which (A) the Acquisition Price multiplied by the
                  number of shares of Common Stock subject to such outstanding
                  Options (whether or not then exercisable), exceeds (B) the
                  aggregate exercise price of such Options.

                                       5
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         8. NON-TRANSFERABILITY OF OPTION. This Option may not be transferred in
any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of the Participant only by the Participant.
The terms of this Option Agreement shall be binding upon the executors,
administrators, heirs and successors of the Participant.

         9. WITHHOLDING. The Participant agrees that the Participant may be
subject to income tax withholding by the Company on the compensation income
recognized by the Participant. No Shares will be issued pursuant to the exercise
of this Option unless and until the Participant pays to the Company, or makes
provision satisfactory to the Company for payment of, any federal, state or
local withholding taxes required by law to be withheld in respect of this
option.

         10. ENTIRE AGREEMENT; GOVERNING LAW. This Option Agreement constitutes
the entire agreement of the parties with respect to the subject matter hereof
and supersedes in their entirety all prior undertakings and agreements of the
Company and Participant with respect to the subject matter hereof, and may not
be modified adversely to the Participant's interest except by means of a writing
signed by the Company and Participant. This agreement is governed by the
internal substantive laws but not the choice of law rules of the State of
California.

         11. NO GUARANTEE OF CONTINUED SERVICE. THE PARTICIPANT ACKNOWLEDGES AND
AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS
EARNED ONLY BY CONTINUING AS AN ELIGIBLE PARTICIPANT AT THE WILL OF THE COMPANY
(NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING
SHARES HEREUNDER). THE PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS
AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET
FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
ENGAGEMENT AS AN ELIGIBLE PARTICIPANT FOR THE VESTING PERIOD, FOR ANY PERIOD, OR
AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT'S RIGHT OR THE
COMPANY'S RIGHT TO TERMINATE THE PARTICIPANT'S RELATIONSHIP AS AN ELIGIBLE
PARTICIPANT AT ANY TIME, WITH OR WITHOUT CAUSE.

         The Participant has reviewed this Option in its entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Option and
fully understands all provisions of the Option. The Participant further agrees
to notify the Company upon any change in the residence address indicated below.

PARTICIPANT:                            SUPERIOR GALLERIES, INC.

                                        By:
--------------------------------           -------------------------------------
Signature

--------------------------------           -------------------------------------
Print Name                                 Title

--------------------------------

--------------------------------
Residence Address

                                       6
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                                    EXHIBIT A

                                 EXERCISE NOTICE

Superior Galleries, Inc.
9478 West Olympic Boulevard
Beverly Hills, CA  90212
Attention:  President

         1. EXERCISE OF OPTION. Effective as of today, _____________, _____,
the undersigned ("PARTICIPANT") hereby elects to exercise Participant's option
("OPTION") to purchase __________ shares of the Common Stock (the "SHARES") of
SUPERIOR GALLERIES, INC., (the "COMPANY") under and pursuant to the Stock Option
Agreement dated ___________, ____ (the "OPTION AGREEMENT").

         2. DELIVERY OF PAYMENT. Purchaser herewith delivers to the Company the
full purchase price of the Shares, as set forth in the Option Agreement.

         The payment method shall be:

         A.       Cash or Check:  Amount Provided:   _________________

         D.       Shares of Common Stock Held : Number of: _________ Value:
                  ________

         E.       Other Method Permitted by the Option Agreement (specify):
                  ___________________________________________________________.

         3. REPRESENTATIONS OF PARTICIPANT. Participant acknowledges that
Participant has received, read and understood the Option Agreement and agrees to
abide by and be bound by their terms and conditions.

         4. RIGHTS AS SHAREHOLDER. Until the issuance of the Shares (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends
or any other rights as a shareholder shall exist with respect to the Shares
subject to this Option, notwithstanding the exercise of the Option. The Shares
shall be issued to the Participant as soon as practicable after the Option is
exercised. No adjustment shall be made for a dividend or other right for which
the record date is prior to the date of issuance.

         5. TAX CONSULTATION. Participant understands that Participant may
suffer adverse tax consequences as a result of Participant's purchase or
disposition of the Shares. Participant represents that Participant has consulted
with any tax consultants Participant deems advisable in connection with the
purchase or disposition of the Shares and that Participant is not relying on the
Company for any tax advice.

         6. RESTRICTIVE LEGENDS AND STOP-TRANSFER ORDERS. Participant
understands and agrees that the Company shall cause the legend set forth below
or a legend substantially equivalent thereto, to be placed upon any
certificate(s) evidencing ownership of the Shares together with any other
legends that may be required by the Company or by state or federal securities
laws:

                                       7
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         THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933 (THE "ACT") AND MAY NOT BE OFFERED, SOLD OR
         OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL
         REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO
         THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE, TRANSFER, PLEDGE OR
         HYPOTHECATION IS IN COMPLIANCE THEREWITH.

         7. REFUSAL TO TRANSFER. The Company shall not be required (i) to
transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner
of such Shares or to accord the right to vote or pay dividends to any purchaser
or other transferee to whom such Shares shall have been so transferred.

         8. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement shall
inure to the benefit of the successors and assigns of the Company. Subject to
the restrictions on transfer herein set forth, this Agreement shall be binding
upon Participant and his or her heirs, executors, administrators, successors and
assigns.

         9. INTERPRETATION. Any dispute regarding the interpretation of this
Agreement shall be submitted by Participant or by the Company forthwith to the
Board of Directors which shall review such dispute at its next regular meeting.
The resolution of such a dispute by the Board of Directors shall be final and
binding on all parties.

         10. GOVERNING LAW: SEVERABILITY. This Agreement is governed by the
internal substantive laws but not the choice of law rules, of the State of
California.

         11. ENTIRE AGREEMENT. The Option Agreement is incorporated herein by
reference. This Agreement, the Option Agreement and the Investment
Representation Statement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Participant with respect to the
subject matter hereof, and may not be modified adversely to the Participant's
interest except by means of a writing signed by the Company and Participant.

Submitted by:                             Accepted by:

PARTICIPANT:                              SUPERIOR GALLERIES, INC.

                                          By:
-----------------------------------          -----------------------------------

Print Name:                                     Its:
           ------------------------                 ----------------------------

Address:
              ---------------------

              ---------------------

              ---------------------

                                       8
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                                    EXHIBIT B

                       INVESTMENT REPRESENTATION STATEMENT

PARTICIPANT:

COMPANY:          SUPERIOR GALLERIES, INC.

SECURITY:         COMMON STOCK

AMOUNT:

DATE:

         In connection with the purchase of the above-referenced securities (the
"SECURITIES"), the undersigned Participant makes the following representations
to the Company:

         (a) Participant is aware of the Company's business affairs and
financial condition and has acquired sufficient information about the Company to
reach an informed and knowledgeable decision to acquire the Securities.
Participant is acquiring the Securities for investment for Participant's own
account only and not with a view to, or for resale in connection with, any
"distribution" thereof within the meaning of the Securities Act of 1933, as
amended (the "SECURITIES ACT").

         (b) Participant acknowledges and understands that the Securities
constitute "restricted securities" under the Securities Act and have not been
registered under the Securities Act in reliance upon a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide
nature of Participant's investment intent as expressed herein. In this
connection, Participant understands that, in the view of the Securities and
Exchange Commission, the statutory basis for such exemption may be unavailable
if Participant's representation was predicated solely upon a present intention
to hold these Securities for the minimum capital gains period specified under
tax statutes, for a deferred sale, for or until an increase or decrease in the
market price of the Securities, or for a period of one year or any other fixed
period in the future. Participant further understands that the Securities must
be held indefinitely unless they are subsequently registered under the
Securities Act or an exemption from such registration is available. Participant
further acknowledges and understands that the Company is under no obligation to
register the Securities. Participant understands that the certificate evidencing
the Securities will be imprinted with a legend which prohibits the transfer of
the Securities unless they are registered or such registration is not required
in the opinion of counsel satisfactory to the Company and any other legend
required under applicable state securities laws.

         (c) Participant is familiar with the provisions of Rule 144,
promulgated under the Securities Act, which, in substance, permits limited
public resale of "restricted securities" acquired, directly or indirectly from
the issuer thereof, in a nonpublic offering subject to the satisfaction of
certain conditions. The Securities may be resold in certain limited
circumstances subject to the provisions of Rule 144, which require the resale to
occur not less than one year after the later of the date the Securities were
sold by the Company or the date the Securities were sold by an affiliate of the
Company, within the meaning of Rule 144; and, in the case of acquisition of the
Securities by an affiliate, or by a nonaffiliate who subsequently holds the
Securities less than two years, the satisfaction of the conditions set forth in
SECTIONS (1), (2), (3) AND (4) of the paragraph immediately above.

                                       9
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         (d) Participant further understands that in the event all of the
applicable requirements of Rule 144 are not satisfied, registration under the
Securities Act, compliance with Regulation A, or some other registration
exemption will be required; and that, notwithstanding the fact that Rule 144 is
not exclusive, the Staff of the Securities and Exchange Commission has expressed
its opinion that persons proposing to sell private placement securities other
than in a registered offering and otherwise than pursuant to Rules 144 will have
a substantial burden of proof in establishing that an exemption from
registration is available for such offers or sales, and that such persons and
their respective brokers who participate in such transactions do so at their own
risk. Participant understands that no assurances can be given that any such
other registration exemption will be available in such event.

Submitted  by:
                                                 Accepted by:
PARTICIPANT
                                                 SUPERIOR GALLERIES, INC.

                                                 By:
-----------------------------------                 ----------------------------
Signature
                                                      Its:
                                                          ----------------------

                                                ADDRESS:
-----------------------------------             -------
Print Name                                      9478 West Olympic Boulevard
                                                Beverly Hills, CA  90212

ADDRESS:
-------

----------------------------------               -------------------------------
                                                 Date Received
----------------------------------

                                       10<PAGE>

                                                                    EXHIBIT 10.6

                     EMPLOYMENT AGREEMENT OF PAUL BIBERKRAUT

                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT (the "Agreement") is entered into as of the
27th day of December, 2002, between TANGIBLE ASSET GALLERIES, INC., a Nevada
Corporation (the "Company" or "TAGZ"), and PAUL BIBERKRAUT, with reference to
the following:

         Company desires to employ Mr. Biberkraut as TAGZ's Chief Financial
Officer and Mr. Biberkraut desires to accept such employment, on the terms and
conditions set forth hereinafter in this Agreement.

         NOW, THEREFORE, in consideration of the respective promises of each
party made to the other in this Agreement and other good and valuable
consideration, the receipt of which is hereby acknowledged by each of the
parties, it is agreed as follows:

         1.       EMPLOYMENT AS CHIEF FINANCIAL OFFICER.

                  1.1 EMPLOYMENT AS CHIEF FINANCIAL OFFICER. TAGZ hereby employs
Mr. Biberkraut as Chief Financial Officer, and Mr. Biberkraut hereby accepts
such employment and agrees to serve in that position, on a full time basis, in
accordance with the terms and subject to the conditions contained in this
Agreement.

                  1.2 NO CONFLICTING DUTIES. Mr. Biberkraut hereby represents
and warrants that he is under no contractual or other commitments (written or
oral) that are inconsistent with his obligations set forth in this Agreement or
which would interfere with the performance of his duties hereunder, including,
but not limited to, any employment, services or consulting agreements or
commitments or any non-competition, trade secret or confidentiality or similar
agreements.

                  1.3 NONSOLICITATION COVENANT. TAGZ wishes to protect its
legitimate business interests and Mr. Biberkraut has, and recognizes that he
will continue to have, access to significant confidential, proprietary or trade
secret information of TAGZ during the course of his employment including, but
not limited to, names and relationships with clients and potential clients.
Based on the foregoing, for the term of this Agreement and for an additional one
(1) year after termination Mr. Biberkraut's employment, Mr. Biberkraut shall
not, without TAGZ's prior written approval: (a) solicit business from any person
or entity which was a client of TAGZ at any time during Mr. Biberkraut's
employment; (b) entice, induce or encourage any other person to engage in any
activity which, were it done by that party directly, would violate any provision
hereof.

         2. COMPENSATION. Mr. Biberkraut's compensation for all services
rendered to TAGZ or to any affiliate of TAGZ shall be as follows:

                  2.1 BASE SALARY AND BONUS. Mr. Biberkraut's base salary shall
be $120,000 per year, subject to annual review, and payable in accordance with
the Company's usual pay schedule for officer salaries. In addition, Mr.
Biberkraut shall receive, in the Company's discretion, bonuses of (a) up to 20%
of his base salary based upon individual performance; and (b) up to 30% of his
base salary based upon the Company's performance. Said bonuses are independent
of one another and the Company may choose to pay Mr. Biberkraut either or both
of said bonuses in any given year.

                  2.2 EMPLOYEE BENEFITS. Health insurance coverage under TAGZ's
group plan, on the same terms and conditions as other TAGZ employees and
participation in all other employee benefit plans and programs in which all full
time employees are generally entitled to participate.

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<PAGE>

                  2.3 VACATION. Mr. Biberkraut shall be entitled to three weeks'
paid vacation, with vacation time lost and non-compensable if not used.

                  2.4 REIMBURSEMENT OF EXPENSES. Mr. Biberkraut shall be
entitled to be reimbursed promptly for his reasonable out-of-pocket expenses
incurred in the performance of his duties for the Company, in accordance with
and subject to the Company's expense reimbursement policies, including but not
limited to: (a) up to $500 per month for automobile expenses; (b) costs of
maintaining Mr. Biberkraut's professional licenses (approximately $500 per
year); (c) premiums for Mr. Biberkraut's long-term disability insurance policy
(approximately $1,700 per year); (d) charges for Mr. Biberkraut's use of his
mobile phone for Company business (approximately $40 per month).

                  2.5 TAXES AND WITHHOLDINGS. All compensation and benefits
payable to Mr. Biberkraut under this Agreement shall be paid net of any
employment taxes or withholding required pursuant to applicable law or under any
employee benefit plans or programs in which Mr. Biberkraut or his dependents
participate.

         3. GRANT OF OPTIONS. The Company shall grant Mr. Biberkraut options to
purchase a total of 500,000 shares of the Company's Common Stock (the "Options")
at an option purchase price of $0.02 per share, said options vesting in equal
amounts over three years under and pursuant to the Company's 1999 Incentive
Stock Plan (the "Plan"). On or after the vesting of any portion of this Option
in accordance herewith, and until termination of the right to exercise this
Option in accordance with Section 3.1 below, the portion of this Option which
has vested prior to such termination may be exercised in whole or in part by Mr.
Biberkraut upon delivery of the following to the Company at its principal
executive offices of a written notice to exercise along with a check in the
amount of the option purchase price multiplied by the number of shares being
purchased.

                  3.1 TERMINATION OF OPTIONS. The Options granted hereby may be
exercised until the later of (a) 10 years from the date of this Agreement; (b)
one year following termination of Mr. Biberkraut's employment with the Company.

         4. INDEMNIFICATION AND D&O LIABILITY INSURANCE. The Company agrees that
it shall indemnify and hold Mr. Biberkraut harmless against any liability, claim
or cost resulting from any claims against him for acts or omissions occurring in
the course of his employment with the Company, PROVIDED, HOWEVER, that this
obligation shall not extend to wrongful acts of Mr. Biberkraut which are
determined by a trier of fact to have been intentional or grossly negligent. To
the extent that the indemnification provisions of the Company's by-laws differ
materially from this Section 4, the by-laws shall control. Notwithstanding the
foregoing, the Company agrees that during the term of this Agreement it shall
maintain directors and officers liability insurance covering Mr. Biberkraut, in
an amount and under such terms and conditions as are typical for a company such
as TAGZ.

         5. TERM AND TERMINATION.

                  5.1 TERM. The term of Mr. Biberkraut's employment under this
Agreement shall be three (3) years commencing on the date of this Agreement,
unless Mr. Biberkraut's employment is sooner terminated pursuant to provisions
hereinafter set forth in this Section 5 or unless Mr. Biberkraut's employment is
extended by mutual agreement of the parties.

                                       2
<PAGE>

                  5.2 TERMINATION WITHOUT CAUSE. The Company shall be entitled
at any time to terminate Mr. Biberkraut's employment without Cause (as defined
below), effective on fifteen (15) days prior written notice to Mr. Biberkraut.
Mr. Biberkraut's employment with the Company also shall terminate in the event
and on the occurrence of his disability (as hereinafter defined) or his death.
In the event of any such termination of Mr. Biberkraut's employment pursuant to
this Section 5.2, the Company shall (a) continue to pay Mr. Biberkraut his base
salary for a period of three (3) months from the effective date of the
termination (the "Severance Period"), and (b) continue medical insurance
coverage for him (and for his dependents if they also were covered at the time
of such termination), on the terms in effect at the time of such termination,
for the Severance Period.

                  5.3 TERMINATION FOR CAUSE. TAGZ may terminate Mr. Biberkraut's
employment for Cause at any time effective on written notice to him. In the
event of a termination for Cause, the Company's sole obligation and liability to
Mr. Biberkraut shall be to pay Mr. Biberkraut any unpaid salary, together with
any unused vacation, accrued to the effective date of such termination. For
purposes of this Agreement, "Cause" shall be defined as the occurrence of any of
the following: (a) Mr. Biberkraut's conviction of an act that, under applicable
law or government regulations, constitutes a felony or a misdemeanor involving
moral turpitude; (b) Mr. Biberkraut's breach or violation of any confidentiality
covenants with the Company, or of any conflict of interest or ethics policies
from time to time adopted by the Board of Directors and made applicable
generally to the officers of TAGZ, which continues unremedied for a period of
ten (10) days following written notice thereof to Mr. Biberkraut from TAGZ or
which is not susceptible to cure; (c) Mr. Biberkraut's breach or violation of
any of his material covenants or obligations in this Agreement which continues
unremedied for a period of thirty (30) days following written notice thereof to
Mr. Biberkraut from TAGZ or which is not susceptible to cure.

                  5.4 VOLUNTARY TERMINATION. In the event that (a) TAGZ commits
a breach of any of its material obligations under this Agreement; or (b) there
occurs a change in Mr. Biberkraut's duties or responsibilities; and TAGZ fails
to cure same within thirty (30) days of receipt of a written notice from Mr.
Biberkraut specifying the nature of such breach and/or change, Mr. Biberkraut
may, as his sole right and remedy therefor, terminate his employment with the
Company by giving ten (10) days notice of such termination to TAGZ, and such
termination shall be treated as a termination by the Company without cause under
Section 5.2 hereof, entitling Mr. Biberkraut to the severance benefits specified
in that Section. For purposes of this section 5.4, a change in duties or
responsibilities means a material change in Mr. Biberkraut's duties and
responsibilities for TAGZ from those duties and responsibilities described in
Section 1.1 of this Agreement.

                  5.5 EXCLUSIVITY OF REMEDIES. In the event of any termination
of Mr. Biberkraut's employment by TAGZ or by Mr. Biberkraut, and whether such
termination is or is not for Cause, then the respective rights and remedies and
the respective obligations of the parties hereto set forth in this Section 5
shall constitute the exclusive rights, remedies and obligations of the parties,
and each party disclaims any other rights or remedies it or he (as the case may
be) would, but for the provisions of this Section 4, have under applicable law
by reason of such termination of employment or the acts or omissions that led to
such termination of employment.

         6.       MISCELLANEOUS.

                  6.1 ENTIRE AGREEMENT/AMENDMENT. This Agreement shall
constitute the entire agreement of the parties with respect to its subject
matter, and shall supersede any other prior or contemporaneous written, oral or
implied agreements or understandings between the parties. This Agreement may be
amended at any time, but only by a written instrument signed by both parties.

                                       3
<PAGE>

                  6.2 NO ASSIGNMENT. No party may transfer or assign any of its
rights or obligations under this Agreement and any attempt to do so shall be
null and void; PROVIDED, HOWEVER, that TAGZ shall be entitled, without the
necessity of having to obtain the consent of Mr. Biberkraut, to assign this
Agreement and delegate its duties hereunder to any corporation or other entity
that acquires a majority or more of the outstanding common stock of TAGZ or all
or substantially all of the assets of TAGZ, whether by purchase, merger,
consolidation or otherwise.

                  6.3 BINDING ON SUCCESSORS. Subject to Section 6.2 above, this
Agreement shall be binding on the parties and their respective heirs, legal
representatives and successors and assigns.

                  6.4 HEADINGS. Section, subsection and paragraph headings are
for convenience of reference only and shall not affect the meaning or have any
bearing on the interpretation of any provision of this Agreement.

                  6.5 SEVERABILITY. If any provision of this Agreement or of the
Employee Confidentiality Agreement is held to be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions hereof or thereof (as the case may be) shall not be affected or
impaired in any way.

                  6.6 GOVERNING LAW. This Agreement is made in and shall be
construed and interpreted according to and enforced under the internal laws of
the State of California, excluding its choice of law rules and principles.

                  6.7 ARBITRATION AND WAIVER OF JURY TRIAL. Any dispute between
the parties relating to this Agreement shall be resolved exclusively by binding
arbitration in accordance with the rules of commercial arbitration of the
American Arbitration Association in Los Angeles County, California and the
determination of the arbitrator in any such proceeding shall be final and
binding on and non-appealable by the parties. EACH PARTY DOES HEREBY EXPRESSLY
AND IRREVOCABLY WAIVE SUCH PARTY'S RIGHTS TO A TRIAL BY JURY IN ANY SUCH
PROCEEDING, AND IN ANY TRIAL OR OTHER PROCEEDING BETWEEN THE PARTIES RELATING IN
ANY WAY TO THIS AGREEMENT, AND EXPRESSLY AND IRREVOCABLY AGREES THAT THE TRIER
OF FACT IN ANY SUCH PROCEEDING SHALL BE THE ARBITRATOR.

                  6.8 AUTHORITY. TAGZ represents and warrants to Mr. Biberkraut
that it has the requisite corporate power and authority, and Mr. Biberkraut
represents and warrants to TAGZ that he has the legal capacity and right to
enter into this Agreement and to perform its or his respective obligations under
this Agreement. Each of TAGZ and Mr. Biberkraut further represents and warrants
that its or his (as the case may be) execution, delivery and performance of this
Agreement does not and will not conflict with or violate any contract, agreement
or understanding, written or oral, to which it or he is a party to which it or
he is subject or bound.

                  6.9 COUNTERPARTS. This Agreement may be executed in any number
of counterparts, and each of such signed counterparts, including any photocopies
or facsimile copies thereof, shall be deemed to be an original, but all of such
counterparts shall constitute one and the same instrument.

         IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the day and date first above written:

                                         TANGIBLE ASSET GALLERIES, INC.

                                         By: S/S SILVANO DEGENOVA
                                             -----------------------------------

                                         S/S PAUL BIBERKRAUT
                                         ---------------------------------------

                                       4

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