Superior Galleries Commences Auction Season with Exceptional Prices in January 5-6, 2008 Orlando Elite Auction

DGSE Companies, Inc. (AMEX:DGC), which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and Internet channels, today announced its results for Superior Galleries January 5-6, 2008 Orlando Elite Auction. This 800 lot event formally inaugurated Superior’s 2008 auction season with extremely strong prices. This auction, was anchored by the stellar Irene Collection of Rarities, and the LRIS Collection, among others, realized $2,630,323.00 inclusive of the standard 15% buyer’s premium amid active bidding. Some individual highlights of this auction included: 513 – 1879 $4 Gold Flowing Hair NGC PF65 $207,000 651 – 1851 US Assay Office $50 887 THOUS. NGC MS62 $189,750 110 – 1876-CC Liberty Dime PCGS PR65 $178,250 653 – 1852 US Assay Office $50 900 THOUS. NGC MS61 $90,850 512 – 1887 $3 Gold NGC PF67CAM $80,500 591 – 1907 $20 High Relief PCGS MS66 $80,500 659 – 1852 Gold Dollar Pattern J. 137 PCGS PF65 $69,000 270 – 1836 Gobrecht Dollar J. 60 PCGS PF64 $52,900 Commenting on the Superior Orlando Elite Auction, Senior Vice President of Auctions Paul Song said, "We are very pleased to have begun the 2008 auction season on such a high note. This was our third auction in three months, and we are delighted to continue to be able to offer the freshest numismatic material to our clients. Our strong results are 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 drive prices on important lots, particularly in our anchor collections. We were especially pleased to have realized $178,250 for the extremely rare 1876-CC Seated Liberty PCGS PF65 Dime from the stellar Irene Collection, by far a world record for this coin which had been off the auction market for over two decades.” Of similar note from the Irene Collection, lot 651, the 1851 US Assay Office $50 887 THOUS. NGC MS62 realized a very strong price of $189,750. Perhaps the biggest surprise in the auction was the group of 5 gold so-called annular patterns from the LRIS Collection, which virtually all realized world record prices at auction and together realized in excess of $230,000, all 5 going to the same collector. Mr. Song continued, "We are now concentrating our efforts on our February 10-12, 2008 Beverly Hills Elite Auction, which will feature the exceptional Turtle Rock Collection of Proof Seated and Liberty Dimes.” For more information on this auction or on how to consign to one of our future Elite Auctions, please contact Paul Song or Aaron Malone, Consignment Director 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 alongside these or future special numismatic treasures. 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 and well as through the Internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. 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 at www.USBullionExchange.com and through Superior precious Metals. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites and through Superior Estate Buyers. The Company also makes collateralized consumer loans at two National Pawn locations in Dallas, Texas. The Company is headquartered in Dallas, Texas and its common stock trades on The American Stock Exchange under the symbol "DGC”. 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.