DGSE Companies, Inc. Announces That Its Recently Acquired Superior Galleries Unit Completed Successful Auction

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 first successful auction under DGSE ownership. Prices realized from the Superior Galleries, Inc. Milwaukee Elite Auction totaled $2,577,000 including a 15% buyer's premium. The 1,108 lot sale was held just prior to the start of the 2007 ANA World’s Fair of Money annual convention. This was an important sale for Superior Galleries and was anchored by collections including the Eagle Ridge Signature Collection, the Infanz Collection of Gold Rarities, the Joe & Michael Semmer Collection, and the Ross Cornerstone Collection, among other private holdings. Some highlights of this auction include: 1796 $10 Capped Bust $10 NGC MS62 $155,250 1795 $5 Capped Bust, Small Eagle PCGS MS62 $100,625 1797 Draped Bust Half Dollar PCGS XF40 $80,500 1907 $20 High Relief PCGS MS66 $71,300 1796/5 Capped Bust $5 NGC AU58 $69,000 1871-CC Liberty $20 NGC AU58 $63,250 1896 $5 PCGS Proof 66 Ultra Cameo $57,500 1854 $1 Gold Type Two PCGS MS66 $42,550 Commenting on the Superior Beverly Hills Elite Auction, Superior Executive Vice President Larry Abbott said, "We are very pleased to have expanded the continuing strength of our recent auctions and our ability to offer the freshest material to our clients. Our 95% sell through rate on a dollar basis and nearly 98% on lot basis is a testament to the attention and care that we have been putting toward creating the finest auctions in the industry. Personalized marketing to key bidders helped define prices on important lots, and the number of active and absentee bidders reached historic levels.” Mr. Abbott continued, "We are now concentrating our efforts on our Pre Long Beach September 23-25, 2007 Beverly Hills Elite Auction. This event will feature the exceptional Stephen Cooper Collection of type coins, and as well the equally notable Bill and Judy Burgess Collection of type coins. Both consignments are loaded with classic pieces that are in older or first generation holders, and are fresh to the market after years, if not decades, of being in storage. This will be a very exciting event.” "This auction along with the launch of American Gold & Silver Exchange mark the beginning of a series of new activities for DGSE. Superior’s long history of excellence as a premier auctioneer and coin dealer is a platform that DGSE intends to utilize to expand into new and dynamic markets”, noted William H. Oyster, President and Chief Operating Officer of DGSE Companies, Inc. 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 and payday loans at three facilities in New Mexico. 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. For more information on this auction or on how to consign to Superior’s future Elite Auctions, please contact Paul Song at 800-545-1001 or consign@sgbh.com. Space is limited in all of our exclusive Elite Auctions, so please contact us well in advance to reserve a spot for your special numismatic treasures.