Exhibit 19 VIA FACSIMILE (650) 655-4300 January 20, 2005 Lissa A. Goldenstein President and Chief Executive Officer Argonaut Industries, Inc. 1101 Chess Drive Foster City, CA 94404 Dear Ms. Goldenstein: In accordance with the terms of the letter...

Exhibit 19





VIA FACSIMILE (650) 655-4300

January 20, 2005

Xxxxx X. Xxxxxxxxxxx
President and Chief Executive Officer
Argonaut Industries, Inc.
0000 Xxxxx Xxxxx
Xxxxxx Xxxx, XX  00000

Dear Xx. Xxxxxxxxxxx:

	In accordance with the terms of the letter agreement dated
January 12, 2005 between Jewelcor Management, Inc. ("Jewelcor") and
Argonaut Technologies, Inc. (the "Company"), Jewelcor withdraws its
request that the Company call and hold a Special Meeting.

						Sincerely,
						Jewelcor Management, Inc.



						Xxxxxxx Xxxxxxxx
						President

cc:	Xxxxx Xxxxx (via facsimile)
	Xxxxxxx Xxxxxxx (via facsimile)
	Xxxxxxx X. Xxxxxxxxx
SH/jmq
\\w2k3server\users$\JQuigley\Argonaut\Special Meeting request
withdrawal 1-20-05.doc