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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001010549-04-000479.txt : 20040730
<SEC-HEADER>0001010549-04-000479.hdr.sgml : 20040730
<ACCEPTANCE-DATETIME>20040730140340
ACCESSION NUMBER:		0001010549-04-000479
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040728
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20040730

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:		04941766

	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>dgse8k072804.txt
<TEXT>

                                  UNITED STATES
                       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): July 28, 2004



                              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. Acquisition or Disposition of Assets:

On July 28, 2004 DGSE COMPANIES,  INC. ("the Company") sold the goodwill,  trade
name and other  non-financial  assets of the Company's  wholly owned  subsidiary
Silverman  Consultants,  Inc.  involved in the business of  conducting  in-store
liquidation  for others.  These assets were  purchased by Silverman  Group,  LLC
("the  Buyer").  The Buyer is  unrelated  to the  Company  or to any  officer or
director  of the  Company.  The  Company's  cost  basis in the  assets  sold was
$314,000. The purchase price for these assets was $600,000 consisting of cash in
the amount of $ 150,000 and a note in the amount of $450,000.


Item 7. Financial Statements and Exhibits.


                                    SIGNATURE

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


                            DGSE COMPANIES, Inc.
                            /s/ Dr. L.S. Smith
                            ------------------------------------
                            Dr. L.S. Smith
                            Chairman of the Board
Dated: July 30, 2004



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