Superior Galleries Realizes Exceptional Prices in February 11-12, 2008 Beverly Hills Elite Auction

. February 14, 2008

DALLAS – 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 February 11-12, 2008 Beverly Hills Elite Auction. This 700 lot event continues a multi-decade tradition of Pre Long Beach Elite Auctions. This auction, anchored by the stellar Turtle Rock Collection, realized $1,935,263.00 inclusive of the standard 15% buyer’s premium amid active bidding.

Some individual highlights of this auction included:

491 – 1827 Capped Bust Dime NGC PF67 $120,750
353 – 1879 $4 Stella PCGS PF58 $109,250
497 – 1833 Capped Bust Dime NGC PF66 $82,800
488 – 1820 Capped Bust Dime NGC PF66 $80,500
496 – 1831 Capped Bust Dime PCGS PF66 $80,500
501 –1845 Liberty Seated Dime NGC PF67 $71,300
325 – 1854 $1 Gold Indian Type Two PCGS MS66 $66,125
430 – 1852 Augustus Hubert $50, 887 THOUS, reeded $29,900
Commenting on the Superior Beverly Hills Elite Auction, Senior Vice President of Auctions Paul Song said, “We are delighted with our results, particularly with the record prices realized by the Turtle Rock Collection of Proof Dimes. This was our fourth successful auction in four months, and we are so pleased 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.”

Mr. Song continued, “We are now concentrating our efforts on our April 10-11, 2008 Santa Clara Elite Auction which will feature the Barbara Trust Collection of Carson City Double Eagles.” 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. 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. Through Superior Galleries’ at www.sgbh.com, the Company provides a host of services to collectors and investors in rare coins and precious metals including internet auctions, information about its live auctions and a complete inventory of rare coins and related products. Real-time price quotations and real-time order execution in precious metals are available at www.USBullionExchange.com and www.SuperiorPreciousMetals.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 and through www.SuperiorEstateBuyers.com 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.

Category: Auction News

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