Superior Galleries Realizes Strong Prices in July 26, 2008 Baltimore Elite Auction.

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 July 26, 2008 Baltimore Elite Auction. This 870 lot event realized $1,249,168 inclusive of the standard 15% buyer's premium amid active bidding.

Some individual highlights of this auction included:

* Lot 505 - 1907 $10 Indian Wire Rim PCGS MS63 $43,125

* Lot 493 - 1803 $10 Capped Bust Small Reverse Stars NGC MS61 $35,650

* Lot 88 - 1856 Flying Eagle Cent NGC PF66 $35,075

* Lot 448 - 1811 $5 Capped Draped Bust PCGS MS64 $32,487.50

* Lot 449 - 1812 $5 Capped Draped Bust PCGS MS64 $32,231.05

* Lot 522 - 1870 $20 PCGS MS62 $25,875

* Lot 779 - Fr. 127 1869 $20 US Note RCGS Gem Crisp Unc $25,000

* Lot 323 - 1893-CC Morgan Dollar PCGS MS64 $24,150

Commenting on the Superior Baltimore Elite Auction, Senior Vice President of Auctions Paul Song said, "Our strong results are a testament to the attention and care that we have been putting toward creating the finest and freshest auctions in the industry. Personalized marketing to key bidders helped drive prices on important lots."

Mr. Song continued, "We are now concentrating our efforts on our upcoming 1,000 plus lot September 15-16, 2008 Pre Long Beach Elite Auction to be held in our new Woodland Hills Show Room and Auction Gallery." 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 [e-mail]. 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.

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.