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<SEC-DOCUMENT>0001010549-03-000596.txt : 20031110
<SEC-HEADER>0001010549-03-000596.hdr.sgml : 20031110
<ACCEPTANCE-DATETIME>20031110125006
ACCESSION NUMBER:		0001010549-03-000596
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031110
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20031110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DGSE COMPANIES INC
		CENTRAL INDEX KEY:			0000701719
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				880097334
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11048
		FILM NUMBER:		03987418

	BUSINESS ADDRESS:	
		STREET 1:		2817 FOREST LANE
		STREET 2:		STE 202
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724843662

	MAIL ADDRESS:	
		STREET 1:		2817 FOREST LN
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DALLAS GOLD & SILVER EXCHANGE INC /NV/
		DATE OF NAME CHANGE:	19930114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN PACIFIC MINT INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CANYON STATE CORP
		DATE OF NAME CHANGE:	19860819
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dgse8k111003.txt
<TEXT>

                     U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K


                                 CURRENT REPORT




Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): November 10, 2003



                              DGSE Companies, INC.
                              --------------------
             (Exact name of registrant as specified in its charter)




                                     NEVADA
                                     ------
                 (State or other jurisdiction of incorporation)





        1-11048                                          88-0097334
        -------                                          ----------
(Commission file number)                    (IRS employer identification number)




                      2817 Forest Lane, Dallas, Texas 75234
                      -------------------------------------
                     (Address of principal executive office)




        Registrant's telephone number, including area code: (972)484-3662

<PAGE>

Item 5. Other Information

DALLAS, Texas (November 10, 2003) - DGSE Companies, Inc. (Nasdaq: "DGSE"), which
wholesales, retails and auctions fine watches, jewelry, diamonds, rare coins and
precious metal products via traditional and Internet  channels,  announced today
that two of its wholly  owned  subsidiaries,  Dallas Gold & Silver  Exchange and
National Jewelry Exchange had received Regulated Loan Licenses from the State of
Texas.


"The addition of the ability to make  "Pay-Day"  loans in two of our  operations
has the  potential to contribute to our earnings and broaden the services we are
able to offer to our customers. As we gain experience with this new activity, we
expect to explore expanding it to additional free-standing  combination jewelry,
watch, diamond and precious metals buy and loan centers,  initially in Texas and
then in other locations that have the potential to contribute to our diversified
activities.  We are  confident  that  over  time our loan  activities  can be an
important  contributor to our overall success in the marketplace," noted William
H. Oyster, President and Chief Operating Officer of DGSE Companies, Inc.

DGSE Companies,  Inc., through wholly owned subsidiaries  Dallas Gold and Silver
Exchange  (Dallas,  Texas),  Charleston Gold & Diamond Exchange ( Mt. Pleasant ,
South Carolina) and National  Jewelry Exchange ( Carrolton,  Texas),  wholesales
and retails  jewelry,  diamonds,  fine  watches,  rare coins and precious  metal
bullion  products  to  domestic  and  international  customers.  A wholly  owned
subsidiary,  Silverman  Consultants,  Inc.,  is one of the  oldest  and  largest
jewelry  liquidation  firms in the  United  States.  DGSE  also  owns  Fairchild
International,  Inc.  , one of the  largest  vintage  watch  wholesalers  in the
country.  In  addition  to its retail  facilities,  the  Company  operates  live
Internet  auctions  which  can be  accessed  at  www.dgse.com.  Real-time  price
quotations on over 250 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..

The Company is headquartered in Dallas, Texas and its common stock trades on The
Nasdaq Stock Market(R) under the symbol "DGSE".

     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.

<PAGE>

                                    SIGNATURE

In accordance with section 13 and 15(d) of the Securities  Exchange Act of 1934,
the  Registrant  has dully  caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                            Dallas Gold And Silver Exchange, Inc.

                            /s/ John Benson
                            ------------------------------------
                            John Benson
                            Director and Chief Financial Officer

Dated: November 10, 2003



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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