DALLAS–(BUSINESS WIRE)–DGSE Companies, Inc. (Nasdaq:DGSE), which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and internet channels, today announced that Superior Galleries, acquired in late May 2007, completed its second successful auction under DGSE ownership.

This 1100 lot event which was anchored by the Bill and Judy Burgess Collection, the Stephen Cooper Collection and the Reno Collections, realized $2,684,136.00 inclusive of the standard 15% buyer’s premium.

Some individual highlights of this auction included:

* 932 - 1863 $3 PCGS PF65 $87,400
* 935 - 1879 Flowing Hair $4 PCGS PF55 $87,400
* 1061 - 1915-S Panama-Pacific $50 Octagonal NGC MS64 $79,350
* 902 - 1848 CAL $2.50 NGC AU55 $60,375
* 579 - 1796 Draped Bust Quarter PCGS AU55 $36,800
* 907 - 1881 $2.50 Liberty PCGS PF66 $53,475
* 986- 1870-CC $10 PCGS EF40 $39,100

Commenting on the Superior Beverly Hills Elite Auction, William H. Oyster, President of DGSE said, “We are very pleased to have built upon the strength of our recent auction. Our ability to offer the freshest material to our customers is evidenced by sale of nearly 90 percent, on a dollar and lot basis, of the items listed. Personalized marketing to key bidders helped drive prices on important lots, particularly in our three anchor collections.”

Mr. Oyster continued, “We are now concentrating our efforts on our November 1-2, 2007 Santa Clara Elite Auction, where Superior Galleries is the official auctioneer, our first ever Jewelry and Timepiece Auction in Beverly Hills, California on December 1,2007 and our January 5-6, 2008 Orlando Elite Auctions.”

DGSE Companies, Inc. wholesales retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coins products to domestic and international customers through its Dallas Gold and Silver Exchange, Charleston Gold and Diamond Exchange, Superior Galleries and National Jewelry Exchange subsidiaries as well as over the internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Dallas and Euless, Texas, Charleston, South Carolina and Beverly Hills, California, the Company operates live internet auctions which can be accessed at www.dgse.com and through Superior Galleries’ website at www.sgbh.com. Real-time price quotations and real-time order execution in precious metals are provided on another DGSE web site at www.USBullionExchange.com. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites. The Company also makes collateralized consumer loans at its two Dallas locations.

The Company is headquartered in Dallas, Texas and its common stock trades on The Nasdaq Stock Market® under the symbol “DGSE”.

This press release includes statements which may constitute “forward-looking” statements, usually containing the words “will”, “believe”, “estimate”, “project”, “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of DGSE’s products and services in the marketplace, competitive factors, the risks associated with business combinations, industry factors (including competition, fluctuations in interest rates and bullion values), dependence upon third-party vendors, and other risks detailed in the DGSE’s periodic reports filed with the Securities and Exchange Commission. The actual results or performance by DGSE could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of DGSE. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.