SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Tangible Asset Galleries, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
875494 10 6
(CUSIP Number)
Richard Cutler, Esq.
Law Offices of M. Richard Cutler
610 Newport Center Drive, Suite 800, Newport Beach, CA 92660 (949)719-1977
(Name, Address and Telephone Number of Person
Authorized to Receive Notice and Communications
November 1, 1999
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f)
or 13d-1(g), check the following box [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities and Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
<PAGE>
SCHEDULE 13D
CUSIP NO. 875494 10 6
1. NAME OF REPORTING PERSONS - I.R.S. IDENTIFICATION NUMBERS OF
ABOVE PERSONS (entities only):
Silvano A. DiGenova
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
_________A
_________B
3. SEC USE ONLY:
4. SOURCE OF FUNDS: SC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Mr. DiGenova is a citizen of the United States.
7. SOLE VOTING POWER 15,492,000
8. SHARED VOTING POWER 0
9. SOLE DISPOSITIVE POWER 492,000
10. SHARED DISPOSITIVE POWER 15,000,000
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON: 15,492,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 79.65%
14. TYPE OF REPORTING PERSON IN
<PAGE>
ITEM 1. Security and Issuer.
Common Stock, $0.001 par value, of Tangible Asset
Galleries, Inc. 1550 S. Pacific Coast Highway,
Suite 103, Laguna Beach, CA 92651
ITEM 2. Identity and Background.
This statement is filed on behalf of:
1. (a) Name: Silvano A. DiGenova
(b) Business Address: 1550 S. Pacific Coast Highway,
Suite 103, Laguna Beach,
CA 92651
(c) Principal Occupation: Chief Executive Officer,
President, Secretary
and Chairman of Issuer.
(d) During the last five years, Silavano A. DiGenova
has not been convicted in a criminal proceeding.
(e) During the last five years, Silavano A. DiGenova
has not been a party to a civil proceeding
of a judicial or administrative body of competent
jurisdiction and as a result of such
proceeding been subject to a judgment,
decree or final order enjoining future
violations of, or prohibiting or
mandating activities subject to, federal
or state securities law or finding any
violation with respect to such laws.
(f) Citizenship: United States
ITEM 3. Source and Amount of Funds or Other Consideration.
Silavano A. DiGenova acquired 15,492,000 of the shares as
part of the Issuerer's acquisition of Tangible Investments
of America, a Pennsylvania corporation.
ITEM 4. Purpose of Transaction.
See Item 3. No additional acquisitions or
dispositions of shares are contemplated.
ITEM 5. Interest in Securities of the Issuer
Of the 19,450,354 shares of Common Stock
outstanding, Silavano A. DiGenova has shared
dispositive power over 15,000,000 shares, sole
dispositive power over 492,000 shares, and
sole voting power over 15,492,000, or 79.65%
of the total shares.
ITEM 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer.
On October 7, 1999, Mr. DiGenova pledged
15,000,000 of the Common Stock of the Issurer
owned by him to Diamond Point Partners, LLP as
collateral against default of a loan for $7,000,000.
Mr. DiGenova retains sole voting power over the
shares.
ITEM 7. Materials to be Filed as Exhibits.
None.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Dated: November 1, 1999
/s/Silvano A. DiGenova
Silvano A. DiGenova
