Superior Galleries Realizes Exceptional Prices in September 23-24, 2007 Beverly Hills Pre-Long Beach Elite Auction

. October 1, 2007

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”.

Category: Auction News

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