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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001179110-09-014447.txt : 20091009
<SEC-HEADER>0001179110-09-014447.hdr.sgml : 20091009
<ACCEPTANCE-DATETIME>20091009155031
ACCESSION NUMBER:		0001179110-09-014447
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090929
FILED AS OF DATE:		20091009
DATE AS OF CHANGE:		20091009

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KING STEPHEN D
		CENTRAL INDEX KEY:			0001055419

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14319
		FILM NUMBER:		091114108

	MAIL ADDRESS:	
		STREET 1:		8260 NORTH CREEK DR
		STREET 2:		STE 140
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45236

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRINCETON ACQUISITIONS INC
		CENTRAL INDEX KEY:			0000773717
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				840991764
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		2560 W MAIN STREET
		STREET 2:		SUITE 200
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80120
		BUSINESS PHONE:		303-794-9450

	MAIL ADDRESS:	
		STREET 1:		2560 W MAIN STREET
		STREET 2:		SUITE 200
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80120

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WITS BASIN PRECIOUS MINERALS INC
		CENTRAL INDEX KEY:			0000912875
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14319
		FILM NUMBER:		091114107

	BUSINESS ADDRESS:	
		STREET 1:		80 SOUTH 8TH STREET
		STREET 2:		SUITE 900
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		(612)349-5277

	MAIL ADDRESS:	
		STREET 1:		80 SOUTH 8TH STREET
		STREET 2:		SUITE 900
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

	FORMER NAME:	
		FORMER CONFORMED NAME:	ACTIVE IQ TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20010702

	FORMER NAME:	
		FORMER CONFORMED NAME:	METEOR INDUSTRIES INC
		DATE OF NAME CHANGE:	19960313
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 3 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2009-09-29</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000773717</issuerCik>
        <issuerName>PRINCETON ACQUISITIONS INC</issuerName>
        <issuerTradingSymbol>PRAQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001055419</rptOwnerCik>
            <rptOwnerName>KING STEPHEN D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>80 SOUTH 8TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 900</rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55402</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President &amp; CEO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000912875</rptOwnerCik>
            <rptOwnerName>WITS BASIN PRECIOUS MINERALS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>80 SOUTH 8TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 900</rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55402</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19883543</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Shares owned directly by Wits Basin Precious Minerals, Inc.  Stephen D. King, as Chief Executive Officer and director of Wits Basin, may be deemed to hold indirect ownership of these shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephen D. King</signatureName>
        <signatureDate>2009-10-09</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Stephen King, CEO</signatureName>
        <signatureDate>2009-10-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----