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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-10-005506.txt : 20100205
<SEC-HEADER>0001144204-10-005506.hdr.sgml : 20100205
<ACCEPTANCE-DATETIME>20100205093039
ACCESSION NUMBER:		0001144204-10-005506
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100127
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100205
DATE AS OF CHANGE:		20100205

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:		10575780

	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>
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<TYPE>8-K
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2010)</font></font></div>
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COMPANIES, INC.</font></div>
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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):</font></div>
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communications pursuant to Rule 425 under the Securities Act (17 CFR
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pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
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pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
1.01&#160;&#160;Entry into a Material Definitive Agreement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
January 27, 2010, DGSE Companies, Inc.(&#8220;DGSE&#8221;) and Stanford International Bank,
LTD (&#8216;SIBL&#8221;), which is the beneficial owner of a significant equity interest in
DGSE, a primary lender to a wholly owned subsidiary of DGSE and subject to
certain agreements with DGSE and its Chairman,&#160;&#160;entered into
definitive agreements whereby&#160;&#160;SIBL will terminate all agreements,
will convert all of its debt, interest and other expenses and&#160;&#160;will
sell all of its equity interests including common stock and warrants to DGSE or
its assignees.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stanford
and its affiliates, including SIBL are under receivership, and, accordingly, the
transaction is subject to the approval of the United States District Court for
the Northern District of Texas which has jurisdiction for the assets of SIBL.
The agreements also contain other closing conditions including, but not limited
to the receipt of all United States governmental and regulatory approvals, if
any, the receipt of third party approvals, consents and/or waivers as may be
required in connection with the transaction and compliance with United States
regulatory and governmental requirements, including proof acceptable to the
Company, that upon transfer to the purchaser or its assignees that they will
receive title to the Securities free and clear of all liens. It is anticipated
that additional 8-K&#8217;s may be filed upon the occurrence of material events
related to this matter.</font></div>
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result of the transaction, it is anticipated that the immediate shares
outstanding of the Company will be reduced by all or part of approximately
3,400,000 held by SIB and over $10,000,000 in obligations owed by a subsidiary
of DGSE to SIBL will be eliminated.</font></div>
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Events</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
February 5, 2010 the Company issued a press release announcing the execution of
the foregoing purchase and conversion agreements. A copy of this press release
is furnished as Exhibit 99.1</font></div>
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and Exhibits</font></font></div>
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applicable.</font></div>
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applicable.</font></div>
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applicable.</font></div>
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99.1&#160;&#160;Press release issued by DGSE Companies, Inc. date February 5,
2010.</font></div><br>
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to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
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      COMPANIES, INC.</font></div>
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Officer</font></div>
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      Release of DGSE Companies, Inc. dated February 5, 2010, announcing that
      DGSE and Stanford International Bank, LTD (&#8216;SIBL&#8221;), which is the
      beneficial owner of a significant equity interest in DGSE, a primary
      lender to a wholly owned subsidiary of DGSE and subject to certain
      agreements with DGSE and its Chairman,&#160;&#160;entered into definitive
      agreements whereby&#160;&#160;SIBL will terminate all agreements, will
      convert all of its debt, interest and other expenses and&#160;&#160;will
      sell all of its equity interests including common stock and warrants to
      DGSE or its
assignees.</font></div>
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<TYPE>EX-99.1
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<html>
  <head>
    <title></title>
    <!--Licensed to: Vintage Filings-->
    <!--Document Created using EDGARizer 4.0.6.4-->
    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">DGSE
COMPANIES, INC. EXECUTES DEFINITIVE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">AGREEMENTS
TO ACQUIRE ALL EQUITY INTERESTS, AND TO</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">ELIMINATE
ALL DEBT, HELD BY STANFORD INTERNATIONAL</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">BANK</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DALLAS,
TX - February 5, 2010.&#160;&#160;DGSE Companies, Inc. (NYSE Amex: &#8220;DGSE&#8221;),
reported today that it had executed definitive agreements with the Receiver of
Stanford International Bank, Ltd. (&#8220;SIB&#8221;) that provide for SIB to convert all of
its related debt, accrued interest and other expenses into DGSE common stock,
thereby eliminating the entire obligation, and DGSE or its assignees to acquire
all of the equity interests owned by SIB . The agreements also terminate all
existing agreements between the Company and SIB.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
transaction is subject to the approval of the United States District Court for
the Northern District of Texas, Dallas Division, as well as other closing
conditions as set forth in a Form 8-K which will be filed by the Company
simultaneously herewith.&#160;&#160;It is anticipated that additional Form 8-Ks
will be filed upon the occurrence of material events related to this
matter</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">William
Oyster, President of DGSE said, &#8220;We are extremely pleased to have been able to
enter into agreements that, if approved by the Court, will eliminate all of the
issues related to SIB. Over the last year we have dealt with this institutional
uncertainty by streamlining our operations and refocusing our efforts. At the
conclusion of this process we will be leaner and more efficient and our
financial statements will be stronger and more flexible."</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DGSE
Companies, Inc. wholesales, retails and auctions jewelry, diamonds, fine
watches, and precious metal bullion and rare coin products to domestic and
international customers through its Dallas Gold and Silver Exchange, Charleston
Gold and Diamond Exchange, Superior Galleries operations as well as through the
internet. DGSE also owns Fairchild International, Inc., one of the largest
vintage watch wholesalers in the country.&#160;&#160;In addition to its retail
facilities in Dallas and Euless, Texas, Charleston, South Carolina and Woodland
Hills, California, the Company operates live Internet auctions which can be
accessed at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.dgse.com</font> and
through Superior Galleries' website at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.sgbh.com</font>.
Real-time price quotations and real-time order execution in precious metals are
provided on another DGSE web site at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.USBullionExchange.com</font>.
Wholesale customers can access our full vintage watch inventory through the
restricted site at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.FairchildWatches.com</font>.
DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry
through <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.Americangoldandsilverexchange.com</font>,
<font style="DISPLAY: inline; TEXT-DECORATION: underline">www.SuperiorEstateBuyers.com</font>
and over 900 supporting websites. Through <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.SuperiorPreciousMetals.com</font>,
we provide precious metals and rare coin investing and trading opportunities all
across the United States.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company is headquartered in Dallas, Texas and its common stock trades on NYSE
Amex Exchange under the symbol &#8220;DGSE&#8221;.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
press release includes statements which may constitute &#8220;forward-looking"
statements, usually containing the words "believe", "estimate", &#8220;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, uncertainty regarding approval of the Court of the transaction with
SIB, 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.</font></div><br>
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