UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SCHEDULE 14C INFORMATION
(Check One):_Form 10-K __Form 20-F __Form 11-K _X_Form 10-Q __ Form N-SAR
For Period Ended: September 30, 2001
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: _________________
If the notification relates to a portion of the filing checked
above, identify the item(s) to which the notification relates:
(PART I REGISTRANT INFORMATION)
Tangible Asset Galleries, Inc.
Full Name of Registrant
N/A
Former Name if Applicable
3444 Via Lido
Address of Principal Executive Officer (Street and Number)
Newport Beach, CA 92663
City, State and Zip Code
PART II - RULES 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable effort
of expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if
appropriate)
a) The reasons described in reasonable detail in Part II
of this form could not be eliminated without
unreasonable effort or expense;
_X_ b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K, Form
N-SAR, or portion thereof, will be filed on or before
the fifteenth calendar day following the prescribed due
date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be file on
or before the fifth calendar day following the
prescribed due date; and
c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III NARRATIVE
State below in reasonable detail the reasons why the Form 10-K,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Registrant was unable to file its Form 10QSB within the
prescribed time period due to unanticipated delays in preparation of
data and other information regarding certain material operations of
the Company. Such information is being completed and it is anticipated
that the Company's Form 10-QSB will be completed and filed within 5
calendar days from the date of this notice.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification.
Michael Haynes (949) 566-0021
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d)of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months (or for
such shorter)period that the registrant was required to file such
reports) been filed? If answer is no, identify reports).
__X__ Yes ____ No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
_____ Yes __X__ No
Tangible Asset Galleries, Inc.
_____________________________________________________________________
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 14, 2001 By: /s/ Michael R. Haynes
___________________________
Michael R. Haynes, President