Ableauctions.com Inc. (AMEX:AAC) (the “Company”) announced today that it will be hosting the Canadian Coinoisseur June Torex® Auction on June 22 and 23rd, 2007, on eBay Live Auctions through its subsidiary iCollector.com. The unique auction of 1918 lots is expected to attract spirited bidding for many of the rare and valuable lots.

The auction features a complete collection of Canadian Decimal Coins amongst its offerings of coins, tokens, medals and paper money. Highlights of the auction included two rare Indian Peace Medals and 1921 fifty-cent pieces.

The auction has received consignments from sixty-six collectors for this sale, providing for an outstanding mix of numismatic material in a broad range of grades and dates for every collector.

The June Torex® Auction will be conducted in two sessions, Friday and Saturday, the 22nd and 23rd of June, at the Radisson Admiral in downtown Toronto. The First Session begins with 134 lots of paper money, including a high-grade example of the 1924 Queen Mary Five, a rare 1954 Two Dollar G/R Test Note and a selection of replacement notes. Amongst the selection of commercial bank notes in the sale is an uncut Specimen sheet of four Commercial Bank of Windsor 186 Twenty Dollar Bills believed to be unique.

The Second Session begins with 59 lots of Tokens, both certified and uncertified. A highlight of the sale is a pair of Indian Peace Medals. These two examples have been unknown to the collecting community, having been in the same family for well over a century, and passed down from generation to generation as mementos, rather than as the numismatic treasures that they are.

The lots can be viewed online and bids can be placed either in advance or simultaneously on eBay LiveAuctions by going to www.coinoisseur.com and following the links to the auction. Live lot viewing is scheduled for 12:00 to 9:00 p.m. on Thursday, the 21st of June, and from 10:00 a.m. to 5:00 p.m. on both Friday and Saturday, the 22nd and 23rd of June, at the Radisson Admiral in Toronto.

About iCollector.com

iCollector.com is the pre-eminent supplier of live online auction technology and services to some of the world’s most prestigious galleries and industrial auction houses and operates one of the largest eBay Live Auction sales and support centers in the world. It is the only auction technology company to be endorsed by the National Auctioneers Association (NAA) and has partnered with eBay Live Auctions in streamlining the process of broadcasting auctions real-time on the Internet. iCollector’s technology enables auction houses to open their establishments to the world by allowing online bidders to participate in real-time on the auction floor.

Visit www.icollector.com or www.icollector.com/ourTechnology.aspx.

About Ableauctions.com

Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and online auction facilitator that operates the domains iCollector.com, NaaLive.com and UnlimitedCloseouts.com.

As an online auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.

Posted: 06|22|07 at 9:41 am. Filed under: Press Release.