GREG MANNING AUCTIONS INC
SC 13G, 1998-08-17
BUSINESS SERVICES, NEC
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<PAGE>   1

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                       
                               ---------------

                                 SCHEDULE 13G
                                (RULE 13d-102)
                                       
                                       
       INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 
        13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
                                 RULE 13d-2(b)


                           (AMENDMENT NO.     )(1)
                                          ---- 
                                       
                                       
                          GREG MANNING AUCTIONS INC.
- --------------------------------------------------------------------------------
                               (Name of Issuer)
                                       
                                       
                                       
                                       
                    COMMON STOCK $.01 PAR VALUE PER SHARE
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)
                                       
                                       
                                       
                                       
                                  563823103
- --------------------------------------------------------------------------------
                                (CUSIP Number)
                                       



                                AUGUST 5, 1998
- --------------------------------------------------------------------------------
           (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed: 

    [ ]  Rule 13d-1(b)
    [X]  Rule 13d-(c)
    [ ]  Rule 13d-1(d)


- ---------------
        (1)  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 the disclosures provided in a prior cover page.

        The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 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>   2

CUSIP NO. 563823103                     13G              PAGE 2    OF 6    PAGES
         ---------------------                               ---     ---      

  (1)     NAMES OF REPORTING PERSONS                 
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
                 EDWARD M. GILBERT
          ---------------------------------------------------------------------

  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)   [   ]
                                                                    (b)   [   ]

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

  (3)     SEC USE ONLY

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

  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION                      
                U.S. CITIZEN
          ---------------------------------------------------------------------

                       (5)     SOLE VOTING POWER                    
  NUMBER OF                    220,000
   SHARES              --------------------------------------------------------
 BENEFICIALLY          (6)     SHARED VOTING POWER                  
  OWNED BY                     20,000
    EACH               --------------------------------------------------------
  REPORTING            (7)     SOLE DISPOSITIVE POWER               
 PERSON WITH                   220,000
                       --------------------------------------------------------
                       (8)     SHARED DISPOSITIVE POWER             
                               20,000
                       --------------------------------------------------------

  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
                               240,000
          ---------------------------------------------------------------------

 (10)     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
          SHARES*                                                         [   ]

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

 (11)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9           
                               5.4%
          ---------------------------------------------------------------------

 (12)     TYPE OF REPORTING PERSON*
                               IN
          ---------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!



                  
                             
<PAGE>   3
                                                         Page  3   of 6   Pages
                                                              ---    ---



Item 1.    (a).    Name of Issuer:
                 
                           GREG MANNING AUCTIONS, INC.
                 
           (b).    Address of Issuer's Principal Executive Offices:
                 
                           775 PASSAIC AVENUE, WEST CALDWELL N.J. 07006
                   
                   
                 
Item 2.    (a).    Name of Person Filing:
                 
                           EDWARD M. GILBERT 
                 
                 
           (b).    Address of Principal Business Office:
                 

                           330 GARFIELD STREET, SUITE 200, SANTA FE, N.M. 87501
                 
                 
                 
                 

<PAGE>   4
                                                         Page 4   of 6   Pages
                                                              ---    ---


Item 2.    (c).    Citizenship:
                 
                            U.S. CITIZEN
                 
                 
           (d).    Title of Class of Securities:
                 
                            COMMON STOCK, $.01 PAR VALUE PER SHARE
                 
           (e).    CUSIP Number:
                 
                            563823103
                 
Item 3.            This statement is filed pursuant to Rule         by
                 
                 
Item 4.            Ownership.
                 
           (a).    Amount Beneficially Owned  240,000 shares comprised of (i)
                   220,000 shares held individually and (ii) 20,000 shares held 
                   indirectly through IHS Enterprises, Inc. a New York
                   corporation 100% owned by the reporting person.
                 
                                    
           (b).    Percent of Class: 5.4%
                 
                   
                 
           (c).    Number of Shares as to which such person has:
                 
                   (i)      sole power to vote or to direct the vote: 220,000   
                          
                   (ii)     shared power to vote or to direct the vote: 20,000  
                          
                   (iii)    sole power to dispose or to direct the         
                            disposition of: 220,000                      
                          
                   (iv)     shared power to dispose or to direct the
                            disposition of: 20,000                           
                          
                 
                 
                 
                 


<PAGE>   5
                                                         Page 5    of 6   Pages
                                                              ---    ---


Item 5.            Ownership of Five Percent or Less of a Class:
                 

                   N/A
                 
                 
Item 6.            Ownership of More Than Five Percent on Behalf of Another
                   Person:
                 

                   N/A
                 
Item 7.            Identification and Classification of Subsidiaries which 
                   Acquired the Security Being Reported on by the Parent 
                   Holding Company:
                 

                   N/A
                 
                 
Item 8.            Identification and Classification of Members of the Group:
                 

                   N/A
                 
                 
                 
                 
<PAGE>   6
                                                         Page  6  of  6    Pages
                                                              ---    ---


Item 9.            Notice of Dissolution of Group:
                 

                   N/A
                 
Item 10.           Certification:
                 
                        By signing below I certify that, to the best of my
                   knowledge and belief, the securities referred to above were
                   not acquired and are not held for the purpose of or with the
                   effect of changing or influencing the control of the issuer 
                   of such securities and were not acquired in connection with 
                   or as a participant in any transaction having such purpose 
                   or effect.
                 
                   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.
                 
                 
                 
                 
                 
                 
                 
                                          By:  /s/ Edward M. Gilbert
                                               ------------------------
                                                   Edward M. Gilbert
                                              
                 




Dated: August 14, 1998








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