Superior Galleries to Auction Roadrunner Collection

. April 4, 2008

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 that Superior Galleries has acquired the Roadrunner Collection of Rare U.S. Coins and Currency to be auctioned in their Beverly Hills Pre-Long Beach Elite Auction May 26-27, 2008, held immediately prior to the Long Beach Coin Convention. This particular collection will be held as an exclusive evening session on the 26th of May, and is anticipated to realize in excess of $1,300,000-1,500,000.
This exciting collection includes almost 125 lots of fresh U.S. coins that have been privately held for years. Included are a number of shipwreck recovery coins – both silver and gold, patterns, superb Morgan and Peace dollars, branch mint Liberty gold eagles, No Motto double eagles, California Fractional gold, and rare currency. The consignor spent many years acquiring the finest pieces as evidenced by the grades assigned to each by NGC and PCGS.
Paul Song, Senior Vice President of Superior Galleries stated, “We are delighted that this exceptional collection has been entrusted to Superior Galleries, and we look forward to offering it to an extremely eager collecting public. The collection will certainly be the cornerstone to our May 26-27, 2008 Pre-Long Beach Elite Auction, and we are working vigorously to make this a memorable auction indeed.”
Some individual highlights include: 1879 Flowing Hair Stella $4 Cameo Proof 67, 1916-S $20 MS66, Friedberg 2231-B Series 1934 $10,000 dollar note Gem Crisp Uncirculated 65, Friedberg 1223-g Series 1882 $10,000 Gold Certificate – punch cancelled and listed as “Extremely Rare” in the catalog, 1890 Seated dime Proof 68 Deep Cameo, 1871 Judd-1100 pattern quarter in copper Proof 65 Red, 1899 Morgan dollar Proof67, 1836 Gobrecht dollar Judd-60 Proof 63, 1922-S and 1923-S Peace dollars both MS67 Ex: Binion Collection, and a 1900-O/CC Morgan dollar MS66.
For further information about this Beverly Hills Elite Auction or to consign to Superior’s future Elite Auctions, please contact either Aaron Malone, Consignment Director, aaronm@sgbh.com 310-499-8414 or Paul Song paulsong@sgbh.com 310-203-9855 or 800-545-1001.
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 and 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 Superior Estate Buyers and 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 “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 the Company´s products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company´s periodic report filings with the Securities and Exchange Commission. 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. In addition to the results presented in accordance with Generally Accepted Accounting Principles throughout this press release, DGSE has presented non-GAAP financial measures as EBITDA. The Company believes that these non-GAAP measures, viewed in addition to and not in lieu of the Company´s reported GAAP results, provide useful information to investors because they are an integral part of the Company´s internal evaluation of operating performance. In addition, they are measures that DGSE uses to evaluate management´s effectiveness. DGSE’s non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.

Category: Auction News

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