-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001010549-04-000650.txt : 20041014
<SEC-HEADER>0001010549-04-000650.hdr.sgml : 20041014
<ACCEPTANCE-DATETIME>20041014163413
ACCESSION NUMBER:		0001010549-04-000650
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041014
ITEM INFORMATION:		Changes in Registrant.s Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041014
DATE AS OF CHANGE:		20041014

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:		041079186

	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>dgse8k101404.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):
                                OCTOBER 14, 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 NO.)

                                2817 FOREST LANE
                               DALLAS, TEXAS 75234
           (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE, INCLUDING ZIP CODE)

                                 (972) 484-3662
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

================================================================================

[_]  Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[_] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) [GRAPHIC OMITTED]

<PAGE>

ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

On  October  11,  2004,  the  Registrant  engaged  BKR  Cornwell  Jackson as its
principal  auditors.  The  services  for which the  Registrant  has  engaged BKR
Cornwell  Jackson  include the audit of the  Registrant's  consolidated  balance
sheet  and  the  related  consolidated  statement  of  operations,  consolidated
statement of shareholder'  equity and  consolidated  statement of cash flows for
the year ending  December 31, 2004. In addition,  the Registrant has engaged BKR
Cornwell  Jackson  to provide  quarterly  reviews  of the  Registrant's  interim
financial  statements on Form 10-QSB for the periods ending  September 30, 2004,
March 31, 2005, June 30, 2005 and September 30, 2005.

CF & Co., L.L.P., the Registrant's former principal  auditors,  were notified of
their dismissal on October 5, 2004.  During the two most recent fiscal years and
the  subsequent   interim  periods  preceding  the  dismissal,   there  were  no
disagreements with the former accountants on any matter of accounting principles
or practices,  financial statement  disclosure,  or auditing scope or procedure,
which  disagreements,  if  not  resolved  to  the  satisfaction  of  the  former
accountants, would have caused it to make reference to the subject matter or the
disagreement in connection with its reports.

The Registrant has provided CF & Co.,  L.L.P., a copy of this disclosure and has
requested that CF & Co., L.L.P.  furnish it with a letter  addressed to the U.S.
Securities Exchange Commission  commenting on their review of the disclosures in
this 8-K.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.


     (C) Exhibit No 16.1
         Letter - CF & Co., L.L.P. dated October 11, 2004


                                    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: October 14, 2004



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>dgse8kex161101404.txt
<DESCRIPTION>LETTER FROM CF & CO., LLP
<TEXT>

                                                                 Exhibit No 16.1

October 11, 2004



Mr. John Benson
Chief Financial Officer
DGSE Companies, Inc.
Dallas, Texas

Dear Mr. Benson:

This is to confirm that the client-auditor  relationship between DGSE Companies,
Inc. (Commission File Number 001-11048) and CF & Co., L.L.P. has ceased..

Sincerely,

CF & Co., L.L.P.

CC:   Office of the Chief Accountant
      SECPS Letter File
      Securities and Exchange Commission
      Mail Stop 9-5
      450 Fifth Street, N.W.
      Washington. D.C. 20549

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