, a large 5,000+ lot
Ivy + Manning stamp auction will be held on May 17-20, 2005.
Merchant/dealer activities are conducted through Greg Manning Auctions and
GMAI-Auctentia Central de Compras of Madrid, which act as exclusive suppliers
of collectibles -- primarily stamps and coins -- on a worldwide basis to
Afinsa Bienes Tangibles , S.
The trading activities of Escala Group are conducted through A-Mark
Precious Metals, one of the largest private sellers of bullion coins and
bullion gold, silver and platinum to the wholesale marketplace.

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(Nasdaq: GMAI) announced today its
recent Bowers + Merena coin auction, held as the official exhibition
auctioneer at the Baltimore Coin and Currency Show on March 10-11,
2005, realized total sales of $4.L. In particular, any statement related to
GMAI's expected revenues or earnings or GMAI's being well positioned
for future profitability and growth are forward-looking statements . We expect that new world records
will be established in conjunction with this extraordinary event . We believe this
will be the first of many important collections brought to market by Greg
Martin Auctions under the Escala Group banner. NEWPORT BEACH, Calif. PSA/DNA
units authenticated in the six month period ended December 31, 2005 grew 128%
to 89,000, or 6% of the aggregate units authenticated , from 39,000 in the
first half of fiscal year 2005.
We are especially focused on the potential of the diamond market and continue
to dedicate the necessary time and resources needed for the growth of our
newest and perhaps most promising business segment. It is also important to note that revenues are affected not only by
the number, but also by the mix of units processed, the mix of services (in
terms of "turn-around times") requested by customers and by average service
fees per unit , among coins, sports cards and stamps. Generally, the prices
for, and the revenues from, grading of collectible coins are higher than those
for the grading of sports cards.

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Mr.
He is well qualified to continue the superb tradition of customer
service that is a hallmark of our company. In the U . Our challenge today, which we are
meeting successfully, is not selling material, but rather finding
enough to satisfy the unprecedented demand for quality individual
coins and stamps, as well as collections.

Greg Manning Auctions, Inc.67% owned by GMAI) and Wiesbaden, Germany. The company operates through a number of subsidiaries that
specialize in various sectors of the collectibles markets, and is comprised of
three business areas: auctions, merchant/dealer operations and trading .

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Based on
our recent and upcoming events, Greg Manning Auctions is well
positioned for strong future growth.teletrade. Afinsa is Escala Group's majority shareholder.collectors.

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J. This is one of the finest American
collections of firearms ever assembled by one individual," said Martin, also
noting that the collection was begun in the 1970s by banker Robert Howard of
Dallas and Hemphill , Texas. Martin continued, "It was a Herculean task
and remarkable achievement to assemble such an impressive collection within
just 30 years.

ABOUT ESCALA GROUP
Escala Group is a global federation of leading companies in the
collectibles market with operations in North America , Europe and Asia as well
as on the Internet. Escala Group undertakes no obligation to
publicly update or revise any forward-looking statements.

Collectors Universe Reports Metrics for Second Quarter and First Half of Fiscal Year 2006

Total Units
Total units authenticated and graded declined slightly by 3% to 679,000
units in the quarter ended December 31, 2005 from 698,000 units in the quarter
ended December 31, 2004. The Company
acquired GCAL on November 7, 2005.

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Mr. of Madrid, Spain, one of the world
leaders in marketing tangible investment products, and GMAI's majority
shareholder. We are working diligently to
recover coin unit volume with this large customer and in other areas of the
coin market.

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5
million between their January and March 2005 auctions, and Corinphila
Auctions of Zurich, Switzerland conducted a single-owner auction that
realized $1."

About Greg Manning Auctions, Inc.

Greg Martin Auctions an Escala Group Company Announces 'The Sale of the Decade' -

Greg Martin, President of Greg Martin Auctions, stated, "These events will
be two of the greatest sales in the annals of gun auctions, due to the sheer
quality and quantity of product. Martin further explained that the collection is unique because
of the depth of items in every category -- including all models and variations
of American firearms -- from North + Cheney horse pistols, the first military
pistol purchased by the United States government, through the Revolutionary
War and 20th Century. Specific areas of interest in the Robert Howard
Collection include early American pistols, Kentucky rifles and Colonial
flintlock guns to Civil War carbines , American percussion revolvers, cartridge
arms and more. It is truly an honor to have the opportunity to
once again offer on the auction block many of the finest historic firearms
ever sold at public auction. In addition, our coin
grading business continued to be impacted by the loss of about 50 % of the
volume from our former top customer that occurred in the second half of 2005
due to a serious illness of the business owner. Those risks and
uncertainties include, but are not limited to: the possibility of changes in
general economic conditions or conditions in the collectibles markets , such as
a possible decline in the popularity of some high-value collectibles, which
could result in reductions in the volume of authentication and grading
submissions and, therefore, the fees we are able to generate; a lack of
diversity in our sources of revenues and our dependence on coin authentication
and grading for a significant percentage of our total revenues, which makes us
more vulnerable to adverse changes in economic and market conditions,
including declines in the value of precious metals or recessionary conditions,
that could lead to reduced coin and other collectibles submissions , with a
resultant reduction in our revenues and in our income; the fact that five of
our customers accounted for approximately 27% of our net revenues during
fiscal 2005, which means that our operating result could decline if any of
those customers were to terminate or significantly reduce the business that
they conduct with us; our dependence on certain key executives and
collectibles experts, the loss of the services of any of which could adversely
affect our ability to obtain authentication and grading submissions and,
therefore, could harm our operating results; increased competition from other
collectibles services companies that could result in reductions in
collectibles submissions to us or could require us to reduce the prices we
charge for our services; the risk that we will incur unanticipated liabilities
under our authentication and grading warranties that would increase our
operating expenses; the risk that new service offerings and business
initiatives that we may undertake will not gain market acceptance or will
increase our operating expenses or reduce our overall profitability or even
cause us to incur losses; the risk that our strategy to expand into new
collectibles and other high value asset markets, such as the diamond market,
primarily through business acquisitions , will not be successful in enabling us
to improve our profitability; and the risks that we will be unable to
successfully integrate the businesses that we acquire into our operations, or
that those businesses will not gain market acceptance, or that our business
expansion may result in a costly diversion of management time and resources
and increase our operating expenses and possibly cause us to incur losses.

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Moreover, it features many rare items
that have never before come up for auction .S.
The words "should," "believe," "estimate," "expect," "intend,"
"anticipate," "foresee, " "plan" and similar expressions and variations thereof
identify certain of such forward- looking statements, which speak only as of
the dates on which they were made. Forward-looking
statements can be identified by the use of words such as "believe," "expect,"
"anticipate," "intend," "plan ," "estimate," "project," or future or
conditional verbs such as "will," "would," "should," "could ," or "may.

trading thousand

Nutmeg
Stamp Sales have been offering more than 14,000 lots per month and are
currently preparing a single-state revenue stamp auction comprised of
more than 10,000 lots to be offered in June 2005. is a global collectibles merchant and
auction house network, with operations in North America, Europe and
Asia and on the Internet.
GMAI also owns GMAI Auctentia Central de Compras (CdC) of Madrid,
Spain, which is engaged in the sale, marketing and production of owned
and third -party collectibles, with an emphasis on specialized
philatelic material. GMAI
undertakes no obligation to publicly update or revise any
forward-looking statements. The Company's brands in those markets
include: Professional Coin Grading Service (PCGS) for coins, Professional
Sports Authenticator (PSA) for sportscards, PSA/DNA Authentication Services
(PSA/DNA) for autographs, Professional Stamp Experts (PSE) for stamps, PCGS
Currency for paper money, and Gem Certification + Appraisal Lab (GCAL ) for
diamonds.

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The Company's worldwide
stamp auctions have also produced strong results, with an H. Gilbert Hong Kong collection. In addition, Kohler Auctions in Germany and
Corinphila in Switzerland have significant multi-million dollar
auctions scheduled in May and June. The collection is extremely well thought out and characterized
by its depth, quality and completeness.R. In particular, any statement related to Escala Group's expected
revenues or earnings or Escala Group's being well positioned for future
profitability and growth are forward-looking statements.

Chief Executive Officer of Collectors Universe, Michael Haynes commented,
"The second quarter has historically been our most challenging quarter due to
the normal seasonality in the collectibles industry. The Company authenticates
and grades collectible coins, sports cards, autographs, stamps currency and
diamonds.
Due to the above-described risks and uncertainties and those described in
that Annual Report, readers are cautioned not to place undue reliance on the
forward-looking statements contained in this news release, which speak only as
of its date, or to make predictions about future performance based solely on
historical financial performance.

Contacts

Joe Wallace Ingrid Shieh
Chief Financial Officer Investor Relations
Collectors Universe The Piacente Group, Inc.

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Greg Manning Auctions Reports Strong Sales at Recent Bowers + Merena Kohler and H.R. Harmer Auctions

4 in sales on February 22-24, 2005.
This inaugural auction, comprised of 1,630 lots, is expected to
realize sales of more than $1 million, including a single-owner
auction of the renowned Edward M.com. Mr.
For more information, contact Greg Martin Auctions by telephone toll-free
at 1-800-509-1988, by fax at 415-543-7576, by email at
info@gregmartinauctions. Additionally , any statements related to
future improved performance and estimates of revenues and earnings per share
are forward-looking statements.

Coins authenticated and graded decreased by 5 % to
752,000 or 53% of the aggregate units authenticated and graded, in the first
half of fiscal year 2006 from 792,000 in the six month period ended
December 31, 2004. For
the first half of fiscal year 2006, sportscards authenticated and graded grew
by 8% to 558,000, or 39% of the aggregate units authenticated and graded, from
518,000 in the six month period ended December 31, 2004. The Company also compiles and publishes authoritative information
about United States and world coins , collectible sports cards and sports
memorabilia, collectible stamps and diamonds.

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In Europe, Kohler Auctions of Wiesbaden and Berlin realized $3. Hui has more than 10 years experience in
the auction field, with a strong background in Asian philately. Harmer of New York, Greg Manning
Galleries , Spectrum Numismatics, Teletrade, Nutmeg Stamp Sales,
Superior Sports Auctions, Bowers + Merena Galleries and Kingswood Coin
Auctions. For the six month period ended December 31, 2005,
total units authenticated and graded increased by 5% to 1,430,000 from
1,361,000 in the first half of fiscal year 2005.

PSA Units
Sportscards authenticated and graded grew by approximately 9% to 275,000
units in the quarter ended December 31, 2005, or 40% of the aggregate units
authenticated and graded, from 253,000 in the same period in fiscal 2005."
Haynes continued, "Unit volume in autographs showed strong growth and
along with our sportscard market, is being supported by the expansion of our
sports related business to include more modern products where we can attract
unit volume at a modest average fee.
949-567-1245 212-481-3019
Email: ingrid@thepiacentegroup.

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R Harmer
auction posting $2."
These sales will be distinctive because of the fact that a collection the
quality of Mr. Howard's may not be seen again on the auction block for many
decades. The Company reports the number of units which
it authenticates, grades and ships, on a quarterly basis , for coins, sports
cards, autographs, stamps, currency and diamonds which comprise its principal
authentication and grading markets.

PCGS Currency Units
PCGS Currency authenticated and graded 5,000 units or 0.7% of the
aggregate units authenticated and graded in the second quarter of fiscal year
2006. PCGS Currency began authenticating and grading currency in the third
quarter of fiscal year 2005.

malik thousand

1 million on January 15, 2005.S.
Greg Manning, First Vice Chairman, CEO and President , commented,
"Our fiscal third and fourth quarter activity is, as anticipated,
extremely robust in both of our core competencies, coins and stamps,
reflecting the strength of our overall business as well as the global
marketplace.com.

represent matchbox

"
On April 7-9, 2005, Bowers + Merena will be the official
auctioneer at an exhibition sponsored by the American Numismatic
Association in Kansas City, MO . effectively integrated their auction
businesses, creating a GMAI-AUCTENTIA global collectibles auction
network.
In North America, GMAI is a leading traditional and e-commerce -
Internet, interactive telephone, and Internet and live simulcast -
auctioneer and merchant/dealer of collectibles. Mr . Readers are
cautioned not to place undue reliance on these forward-looking statements.

PSA/DNA Units
Units authenticated by PSA/DNA increased by approximately 100% to 34,000
units , or 5% of the aggregate units authenticated, in the second quarter of
fiscal year 2006 from 17,000 in the same period in fiscal year 2005. In the six month period
ended December 31, 2005, stamps authenticated and graded increased 33% to
16,000, or 1% of the aggregate units authenticated and graded, from 12,000 in
the first half of fiscal year 2005.

ducky stamp

Future events, risks and uncertainties , individually or
in the aggregate, could cause actual results to differ materially from
those expressed or implied in these statements. Readers are cautioned not to place undue
reliance on these forward-looking statements. The Robert Howard Collection of Historic Firearms Valued at
$15 Million Is Coming to Auction

SAN FRANCISCO, Greg and is expected to achieve over $15 million in sales.1% of the aggregate units
authenticated and graded in second quarter of fiscal year 2006."
Joe Wallace, Chief Financial Officer of Collectors Universe, stated ,
"While we believe that units graded is a useful measure of our performance, it
is important to recognize that increases or decreases in the number of units
graded may not correlate proportionately to increases or decreases in
revenues. We also disclaim any obligation to update
forward-looking statements contained in this news release.

treasures roosevelt

Laurence Gibson, Managing Director of John Bull, also announced
that Ian Hui has joined the firm and will manage the day-to-day
operations in Hong Kong . Gallo continued, "It is also noteworthy
that, almost concurrent with our new affiliation with the Escala Group, we
have been chosen by Robert Howard to auction his collection."
Further details on the two-part sale, to be held at Greg Martin Auctions
in 2006 and 2007, are expected to be available later this year. The
company's full-service approach to auctions includes state-of-the-art
technology , bi-coastal linked auction rooms, telephone and absentee bidding
(including online bid submission ), fully illustrated online catalogs, and
private preview showings by appointment. In Asia, Escala 's auctions operations are conducted
through John Bull Stamp Auctions, Ltd, the oldest philatelic auction house in
Hong Kong.A. of Madrid, Spain, and through Spectrum
Numismatics International , one of the largest wholesalers of rare coins in the
U. is a leading provider of value added services to
the high-value collectibles and diamond markets."
Our financial performance in the future may differ, possibly
significantly, from our current expectations about our future financial
performance as set forth in the forward looking statements contained in this
news release due to a number of risks and uncertainties.

smithsonian represent

The Company's recently acquired John Bull Stamp Auctions in Hong
Kong will hold its first sale under GMAI ownership on April 8-9, 2005. In addition to our live auctions, Internet-based coin
auctions at Teletrade have continued their successful schedule of
three auctions per week, with up to 1,000 lots per auction. Sales schedules and collector
information are available online.com or online at http://www. (Nasdaq: CLCT), a leading provider of value-added
authentication and grading services to dealers and collectors of high-value
collectibles and diamonds, today reported its unit performance metrics for
second fiscal quarter of 2006.

PCGS Units
Coins authenticated and graded by PCGS decreased by approximately 15% in
the second quarter of fiscal year 2006 to 357,000 units, or 53% of the
aggregate units authenticated and graded, from 421,000 units in the same
period in fiscal 2005.

GCAL Units
GCAL authenticated and graded 1,000 units or 0. In addition, prices for grading of
collectible coins and sports cards vary depending on the "turn-around" time
requested by our customers, with higher prices charged for faster turn -around
times.
Additional information regarding these and other risks and uncertainties to
which our business is subject is contained in our Annual Report on Form 10-K
for our fiscal year ended June 30, 2005 which we filed with the Securities and
Exchange Commission on September 13, 2005 or the Quarterly Report on Form 10-Q
for the fiscal first quarter ended September 30, 2005 which we filed with the
Securities and Exchange Commission on November 9, 2005.

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In Europe, the leading auction houses affiliated with the network
are Auctentia Subastas of Madrid, Spain (operating under the name
"Afinsa Auctions"); Corinphila Auktionen of Zurich, Switzerland (65%
owned by GMAI); and the Koehler group of auction companies of Berlin
(66.

Statements in this press release that relate to future plans, objectives,
expectations, performance, events and the like are "forward -looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934.

rachelle collecting

Coins, stamps and
sports cards are offered at www.
John Gallo, a director of Greg Martin Auctions, stated, "Greg Martin and I
have known Robert Howard for many years, and assisted him with the formation
of this great collection. Harmer. Factors
that may cause such differences include changes in market conditions, changes
in economic environment , competitive factors and the other factors discussed
in the "forward-looking information" or "risk factors" sections included in
Escala Group's filings with the Securities and Exchange Commission , including
Escala Group's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
prospectuses and other documents that Escala Group has filed with the
Commission., Collectors
Universe, Inc .com, and
is also published in print.

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Business Editors

WEST CALDWELL, N.----

Company 's Inaugural Auction in Hong Kong Scheduled for April 8-9, 2005

Greg Manning Auctions, Inc. This
auction is expected to be the strongest in John Bull's rich 30-year
history.
Its operations include the Greg Manning Auctions division, Ivy +
Manning Philatelic Auctions, H. Future events, risks and
uncertainties, individually or in the aggregate, could cause actual results to
differ materially from those expressed or implied in these statements. In the first half of fiscal 2006, 14 ,000
currency units were authenticated and graded representing 1.0% of the
aggregate units authenticated and graded. This information is accessible
to collectors and dealers at the Company's web site, http://www.

stamps collecting

Both GMAI and CdC currently act as exclusive supplier of
collectibles - primarily stamps and coins - on a worldwide basis to
Afinsa Bienes Tangible, S." Mr. Paper currency and diamonds are two new
markets we recently entered and have no comparable volume from the prior year.

Forward Looking Information
This news release contains statements regarding our expectations about our
future financial performance which are "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995.

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This auction is expected to realize
sales in excess of $5 million.
Statements in this press release that relate to future plans,
objectives, expectations , performance, events and the like are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and the Securities Exchange
Act of 1934. Additionally , any
statements related to future improved performance and estimates of
revenues and earnings per share are forward-looking statements.

PSE Units
Stamps authenticated and graded remained unchanged at 7,000 units, or 1%
of the aggregate units authenticated and graded in the second quarter of
fiscal year 2006 as compared to the same amount of units graded and
authenticated in the same period of fiscal year 2005."

About Collectors Universe
Collectors Universe , Inc.

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7 million.
Gibson stated, "We are extremely pleased that Ian has joined GMAI to
manage our office in Hong Kong. Having spent many years in the
business in Hong Kong, as well as the United States, Ian maintains
strong relationships with collectors and dealers of Asian philately. This network was created in September 2003
when GMAI and Auctentia, S.A. Factors that may cause
such differences include changes in market conditions, changes in
economic environment, competitive factors and the other factors
discussed in the "forward-looking information" or "risk factors"
sections included in GMAI's filings with the Securities and Exchange
Commission, including GMAI's Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, prospectuses and other documents that GMAI has
filed with the Commission. Since its inception, the company has achieved over
$40 million in total sales , the sale of some of the most important arms ever
sold, and several world records -- including the highest price ever paid at
auction for a firearm: $828,800 for a cased, gold-inlaid 1849 Colt revolver .gregmartinauctions.
Escala Group's North American operations include Greg Manning Auctions
division , Ivy + Manning Philatelic Auctions, Greg Manning Galleries, Spectrum
Numismatics, Teletrade, Nutmeg Stamp Sales, Superior Sports Auctions, Bowers
and Merena Auctions, and Kingswood Coin Auctions, and H.

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Greg Manning Auctions' quarterly sales
of collections and dealers' inventories will include a seven-figure
auction in June, following a March 19, 2005 sale that realized well
over $2 million .R.
The words "should," "believe," "estimate," "expect," "intend,"
"anticipate," "foresee," "plan " and similar expressions and variations
thereof identify certain of such forward-looking statements , which
speak only as of the dates on which they were made.

ABOUT GREG MARTIN AUCTIONS
Based in San Francisco, Greg Martin Auctions (GMA) provides collectors,
institutions, dealers and enthusiasts with unsurpassed expertise and a
complete range of services to appraise, value, market and sell fine antique,
collectible and sporting arms, armor and historical memorabilia.
Now in its third year of business, Greg Martin Auctions has proven with
its past eight sales that it is the leading auction house for antique arms and
historic memorabilia. In Europe,
the leading auction houses affiliated with the network are Auctentia Subastas
(Afinsa Auctions) of Madrid, Spain , Corinphila Auktionen of Zurich,
Switzerland, and the Koehler group of auction companies of Berlin and
Wiesbaden, Germany.com

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---

- - kjjkjk

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