Spectrum Group International, Inc. Watch

from S-1/A 2 pages The Terms and Conditions of the Rights Offering Are Set Forth in the Company's Prospectus Dated [●], 2012 (The "Prospectus") and Are Incorporated Herein by Reference. Copies of the Prospectus Are Available Upon Request From the Company. Spectrum Group International, Inc. Incorporated Under the Laws of the State of Delaware Transferable Subscription Rights Certificate Evidencing Transferable Subscription Rights to Purchase Shares of Common Stock of Spectrum Group International, Inc. Subscription Price: $1.90 Per Share the Subscription Rights Will Expire if Not Exercised on or Before 5:00 P.M., New York City Time, on [●], 2012, Unless Extended by the Company

from S-1 2 pages Registered Owner