Exhibit 99.2

For Immediate Release
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                 SUPERIOR GALLERIES, INC. ANNOUNCES EXECUTION OF
          DEFINITIVE AGREEMENT TO BE ACQUIRED BY DGSE COMPANIES, INC.

BEVERLY HILLS, CA (July 17, 2006) - Superior Galleries, Inc. (OTCBB: "SPGR"),
which wholesales, retails and auctions rare coin products via traditional and
Internet channels, today announced that it has executed a definitive agreement
to be acquired by DGSE COMPANIES, INC. . (Nasdaq: "DGSE") through the sale of
all outstanding stock of Superior Galleries, Inc. in a transaction valued at
$14,000,000. The acquisition is intended to diversify Superior's product lines,
achieve cost efficiencies and bring together two established and diversified
tangible asset dealers. Superior's current facility will provide the combined
enterprise with a Beverly Hills, California location to expand DGSE's jewelry,
diamond and fine watch businesses. Equally important will be the combined
strength of DGSE and Superior in the live and internet auction sectors.

The acquisition agreement provides for the merger of Superior into a
wholly-owned subsidiary of DGSE Companies, Inc. in an all-stock transaction that
will be priced at a weighted average closing price of DGSE's common stock for
the 20 trading days prior to closing, subject to a maximum issuance of 7,368,421
shares and a minimum issuance of 4,307,692 shares of DGSE common stock. Upon
successful completion of the acquisition, Superior shareholders will own between
47 percent and 60 percent of the outstanding shares of the combined entity.
Stanford Financial Group Company or one of its affiliates will become the
largest stockholder of DGSE.

The acquisition is subject to a number of closing conditions, including Superior
undergoing a major restructuring of its balance sheet which will reduce its
total outstanding debt by approximately $5,500,000. It is also contemplated that
Stanford Financial Group Company, Superior's primary lender and an affiliate of
Superior's largest stockholder, will provide a new secured credit facility of
$11,500,000, with at least $6,000,000 available to DGSE and all of its
subsidiaries.

Current DGSE management will be responsible for managing all operations of the
combined companies. DGSE expects substantial continuity in the Superior staff.
DGSE intends to expand the Superior numismatic auction business, leveraging the
extensive experience and ongoing participation of its management team.
Superior's current CEO, Silvano DiGenova, will remain with the new enterprise as
the Managing Director-Numismatics, and Larry Abbott will remain as Executive
Vice-President of Auctions and Sales at Superior.

Through this acquisition Superior will become part of one of the nation's
largest rare coin firms. Upon the completion of the acquisition, the inventory
at the current showroom facility of Superior will be significantly expanded to
include a full inventory of jewelry, diamonds and fine watches. Superior plans
to expand its dynamic internet website (www.SGBH.com) significantly and to
integrate the website with DGSE's websites - www.DGSE.com,



www.USBullionExchange.com, www.FairchildWatches.com (Fairchild International),
and www.CGDEInc.com (Charleston Gold & Diamond Exchange).

Silvano DiGenova, current Chief Executive Officer of Superior said, "As one of
the largest stockholders of DGSE after this transaction is completed, I am
extremely pleased with this combination. With enhanced capital and diversified
operations supported by expertise in auctions, retail, wholesale and internet,
we should be able to make new advances in the coin, precious metals and jewelry
sectors. Additionally, the combined entities will enjoy economies of scale and
the elimination of redundancy in regulatory compliance expenses."

Current Superior COO Larry Abbott commented, "I am excited at the prospect of
expanding into new collectibles auction categories, and continuing our
successful growth in the numismatic auction market. Our recent May 2006 elite
sale, with over $10.8 million in prices realized, is a clear demonstration of
the progress that Superior has made in this market and of the momentum that we
have created going forward. With the resources available to us through this
acquisition, and with the continued efforts of the first-rate staff that we have
assembled in the past year, we believe that we can increase the size, number and
types of auction that Superior conducts."

"We view this transaction as a major opportunity for DGSE and its shareholders,"
noted William H. Oyster, President and Chief Operating Officer of DGSE
Companies, Inc. Mr. Oyster continued, "The fastest growing segment of our
business has been the rare coin business and acquiring Superior will give us
depth of operations, experienced personnel, and entry into the attractive
auction sector. With revenues for the combined entities more than double our
current level, substantial financing in place and a history that can be traced
to 1930, we believe that the infrastructure is in place to have a major impact
on our revenues and earnings."

DGSE and Superior expect the acquisition to close late in October 2006, subject
to the satisfaction or waiver of the various closing conditions in the
acquisition agreement.

Additional Information and Where to Find It

In connection with the proposed acquisition, DGSE and Superior intend to file
relevant materials with the SEC. DGSE and Superior each have filed a current
report on Form 8-K related to the proposed acquisition on the date of this
release. In the near future, DGSE intends to file a registration statement on
Form S-4, which will contain a prospectus and related materials to register the
DGSE common stock to be issued in the proposed acquisition, and a joint proxy
statement, which DGSE and Superior plan to mail to their respective stockholders
in connection with the approval of the proposed acquisition by their respective
stockholders.

The current report contains, and the registration statement and the joint proxy
statement/prospectus included therein will contain, important information about
DGSE, Superior, the proposed acquisition and related matters. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE FILINGS CAREFULLY WHEN THEY ARE
AVAILABLE. Investors and security holders will be able to obtain free copies of
these documents (when they become available) and other documents filed with the



SEC at the SEC's web site at www.sec.gov or by calling the SEC at
1-800-SEC-0330. In addition, investors and security holders may obtain free
copies of the documents filed by Superior with the SEC by contacting Superior
Investor Relations at (800) 421-0754.

Participation in Solicitations

DGSE and its directors and executive officers also may be deemed to be
participants in the solicitation of proxies from the stockholders of DGSE in
connection with the proposed transaction described herein. Information regarding
the special interests of these directors and executive officers in the
transaction described herein will be included in the joint proxy
statement/prospectus described above. Additional information regarding these
directors and executive officers is also included in DGSE's proxy statement for
its 2006 Annual Meeting of Stockholders, which was filed with the SEC on or
about June 23, 2006. This document is available free of charge at the SEC's web
site at www.sec.gov and from DGSE by contacting DGSE Investor Relations at (972)
484-3662.

Superior and its directors and executive officers also may be deemed to be
participants in the solicitation of proxies from the stockholders of DGSE in
connection with the proposed transaction described herein. Information regarding
the special interests of these directors and executive officers in the
transaction described herein will be included in the joint proxy
statement/prospectus described above. Additional information regarding these
directors and executive officers is also included in Superior's proxy statement
for its 2005 Annual Meeting of Stockholders, which was filed with the SEC on or
about October 6, 2005. This document is available free of charge at the SEC's
web site at www.sec.gov and from Superior by contacting Superior Investor
Relations at (800) 421-0754.

About Superior Galleries, Inc.

Superior Galleries, Inc. is a publicly traded company, acting as a dealer and
auctioneer of rare coins and other fine collectibles. Headquartered in Beverly
Hills, California, the firm markets its products through auctions (both live
events and on the World Wide Web), its nationwide sales force, its gallery in
Beverly Hills and via the company's web site at www.SGBH.com.

Stanford Coins & Bullion is a member of the Stanford Financial Group, an
international network of affiliated companies that together form a powerful
resource of financial services. Located in Houston, Texas, the company markets
its products through its retail sales force and the company's web site.

About DGSE Companies, Inc.

DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and
precious metal bullion products and rare coins to domestic and international
customers through its Dallas Gold and Silver Exchange and Charleston Gold and
Diamond Exchange subsidiaries and well as through the Internet and World Wide
Web. DGSE also owns Fairchild International, Inc., one of the largest vintage
watch wholesalers in the country. In addition to its retail facilities, DGSE has



online stores and conducts live Internet auctions which can be accessed at
www.dgse.com and www.CGDEInc.com. Real-time price quotations and real-time order
execution in 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.

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

Safe Harbor for Forward-Looking Statements. This press release contains
statements regarding the proposed transaction between DGSE and Superior, the
expected timetable for completing the transaction, future financial and
operating results, benefits and synergies of the proposed transaction, the
ability of DGSE to integrate the business, operations and personnel of Superior
following the acquisition, and other statements about DGSE and Superior's
managements' future expectations, beliefs, goals, plans or prospects that are
based on current expectations, estimates, forecasts and projections about DGSE
and Superior and the combined company, as well as DGSE's and Superior's and the
combined company's future performance and the industries in which DGSE and
Superior operate and the combined company will operate, in addition to
managements' assumptions. These statements constitute forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Words such as "expects," "anticipates," "targets," "goals," "projects,"
"intends," "plans," "believes," "seeks," "estimates," "will" and variations of
such words and similar expressions are intended to identify such forward-looking
statements which are not statements of historical facts. These forward-looking
statements are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to assess. Therefore, actual
outcomes and results may differ materially from what is expressed or forecasted
in such forward-looking statements. These risks and uncertainties are based upon
a number of important factors including, among others: the ability to consummate
the proposed acquisition; potential difficulties in otherwise meeting closing
conditions set forth in the definitive merger agreement entered into by DGSE and
Superior; difficulties and delays in obtaining regulatory approvals for the
proposed acquisition; difficulties and delays in integration or achieving
synergies and cost savings; difficulties regarding the execution of the business
plan for the combined companies; continued acceptance of the Superior's products
and services in the marketplace; competitive factors; the cooperation and
support of the companies' lenders for the proposed acquisition; fluctuations in
the secondhand market; existing and future litigation; and other risks detailed
in the companies' respective periodic report filings with the SEC. For a list
and description of risks and uncertainties relating to DGSE and Superior and
their respective businesses, refer to DGSE's Form 10-K for the year ended
December 31, 2005 and Superior's Form 10-K for the year ended June 30, 2005, as
well as other filings by DGSE and Superior with the SEC. These forward-looking
statements speak only as of the date of this release and, except as required
under the U.S. federal securities laws and the rules and regulations of the SEC,
DGSE disclaims any intention or obligation to update any forward-looking
statements after the distribution of this press release, whether as a result of
new information, future events, developments, changes in assumptions or
otherwise.



                    For further information, please contact:
                 Larry Abbott, COO of Superior at (800) 421-0754