DGSE Companies: Difference between revisions
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| area_served = [[United States of America]] |
| area_served = [[United States of America]] |
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| key_people = L.S. Smith, CEO<BR/>William Oyster, COO<BR/>John Benson, CFO |
| key_people = L.S. Smith, CEO<BR/>William Oyster, COO<BR/>John Benson, CFO |
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| industry = Retail |
| industry = Retail, Wholesale, Auction |
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| products = Jewelry, |
| products = Jewelry, Rare Coins, Precious Metals, Watches, Bullion |
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| services = |
| services = |
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| revenue = [[United States dollar|US$]]105,219,060 |
| revenue = [[United States dollar|US$]]105,219,060 |
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== '''About Us''' == |
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'''DGSE Companies, Inc.''' are a leading precious stones and metals wholesaler and retailer in the [[Southwestern United States]], headquartered in [[Dallas, Texas|Dallas]], [[Texas]].<ref name="Schmidt">{{citation|periodical=Coin Connoisseur Magazine|last=Schmidt|first=Rob|date=2000|accessdate=2007-10-11|url=http://www.coinmag.com/article_ecommerce1.html|title=The e-commerce ticket for coin and bullion investors: These shares turn collectibles into investibles}}</ref><ref>{{citation|url=http://dallas.bizjournals.com/dallas/gen/company.html?gcode=C412F809EDB248FA921043A99E1CDFB3|title=Dallas Gold & Silver Exchange, Inc.|periodical=Dallas Business Journal|date=2007|accessdate=2007-10-11}}</ref> Originally known as '''American Pacific Mint Inc.''', they incorporated in [[Nevada]] in September 1965, and later moved to [[Azusa, California|Azusa]], [[California]].<ref name="LADaily">{{citation|periodical=Daily News of Los Angeles|title=LA Briefly|date=[[1987-09-03]]|accessdate=2007-10-11|url=http://docs.newsbank.com/g/GooglePM/LA/lib00086,0EF5158EF2D9077C.html}}</ref><ref>{{citation|url=http://sec.edgar-online.com/1998/03/13/09/0001010549-98-000068/Section2.asp|title=Form 10KSB SEC Filing|date=[[1998-03-13]]|accessdate=2007-09-18|publisher=DGSE Companies, Inc.}}</ref> They purchased the '''Dallas Gold and Silver Exchange''' in September 1987 for an undisclosed amount, and began doing business under that name in in July 1992. In July 2001, they began to use their present name. They are traded on [[NASDAQ]] under the [[stock symbol]] DGSE.<ref name="LADaily"/><ref>{{citation|periodical=American Metal Market|date=[[1992-07-13]]|accessdate=2007-10-11|title=Name change OK'd|url=http://findarticles.com/p/articles/mi_m3MKT/is_n134_v100/ai_12425021|archiveurl=http://web.archive.org/web/20060228112430/http://www.findarticles.com/p/articles/mi_m3MKT/is_n134_v100/ai_12425021|archivedate=2006-02-28}}</ref><ref>{{citation|title=Dallas Gold & Silver Exchange changes name to DGSE|date=[[2001-07-05]]|periodical=Dallas Business Journal|url=http://www.bizjournals.com/dallas/stories/2001/07/02/daily25.html|accessdate=2007-10-11}}</ref> They were one of the earliest coin and bullion dealers to begin doing business on the internet; they set up a website to auction jewelry from their stores in 1995, and later launched two further websites for auctioning watches and to allow jewelry manufactures and vendors to sell to each other and directly to the public. They also set up a website to provide real-time price quotes for [[precious metal]]s.<ref name="Schmidt"/> Their revenues from their internet business began to show dramatic growth in 1999; revenue to [[March 15]] of that year was five times the revenue for their 1998 [[fiscal year]].<ref>{{citation|url=http://www.bizjournals.com/dallas/stories/1999/03/15/daily9.html?jst=s_cn_hl|date=[[1999-03-15]]|accessdate=2007-10-11|title=Dallas Gold and Silver Exchange reports Internet growth|periodical=Dallas Business Journal}}</ref> Their acquisition of Superior Galleries, and the success of Superior's first auction under DGSE ownership, drove their share price up 33% to $4.06 in August 2007.<ref>{{citation|title=DGSE up 33 Percent|periodical=Speeple News|url=http://news.speeple.com/mn1.com/2007/08/08/dgse-up-33-percent.htm|date=[[2007-08-08]]|accessdate=2007-10-11}}</ref> |
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DGSE Companies, Inc. (NYSE: Alternext DGC) wholesales, retails, and auctions fine watches, jewelry, diamonds, precious metal products and rare coins to domestic and international customers through its wholly owned subsidiaries. |
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• Dallas Gold and Silver Exchange<br /> |
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• Charleston Gold and Diamond Exchange<br /> |
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• Superior Estate Buyers<br /> |
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• Superior Galleries<br /> |
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• Superior Gold and Diamond Exchange<br /> |
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• US Bullion Exchange<br /> |
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• American Gold and Diamond Exchange<br /> |
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• Superior Precious Metals<br /> |
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<br />DGSE Companies Inc. has established its headquarters at 11311 Reeder Rd. Dallas, Texas 75229. With a brand new 30,000 sqft state-of-the-art facility. |
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== '''History''' == |
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'''1978''' – Rainbow Rare Coins Founded |
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'''1980''' – Company name changed to Dallas Gold & Silver Exchange |
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'''1987''' – Publically traded American Pacific Mint acquires the assets of Dallas Gold & Silver Exchange |
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'''1991''' – Dallas Gold & Silver Exchange acquires its first TX pawn license to provide jewelry loans to its customers |
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'''1995'''– Dallas Gold & Silver Exchange launches the Internet’s first ever online auction platform |
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'''1998''' – Dallas Gold & Silver Exchange acquires National Jewelry Exchange a small pawnshop in Carrolton, Texas |
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'''2000''' – Dallas Gold & Silver Exchange opens Charleston, SC location under the name Charleston Gold & Diamond Exchange |
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'''2000''' – Dallas Gold & Silver Exchange acquires Fairchild International, one of the nations largest wholesale fine watch companies |
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'''2003''' – U.S. Bullion Exchange is launched handling the trading and execution of all precious metals transactions system wide for all DGSE Companies. USBE provides an Internet based trading platform for all DGSE customers |
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'''2005''' - Parent company’s name changed to DGSE Companies, Inc |
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'''2007''' – Dallas Gold & Silver Exchange acquires the assets of Euless Gold & Silver and opens Dallas Gold & Silver Exchange Fort Worth/Euless location |
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'''2007''' - DGSE Companies, Inc. lists on the American Stock Exchange |
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'''2007''' – The second Dallas area National Pawn store is opened. |
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'''2007''' – American Gold & Silver Exchange is launched with national advertising roll-out allowing individuals from anywhere to send jewelry and precious metals to DGSE for purchase. |
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'''2007''' – Superior Estate Buyers is launched and conducts its first remote buying events |
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'''2007''' – DGSE Companies, Inc. acquire Superior Galleries, one of America’s oldest and largest numismatic auction houses |
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'''2007''' - Superior Galleries conducts its first jewelry and fine time piece auction in Beverly Hills, California |
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'''2007''' – Superior Precious Metals is launched servicing precious metals and rare coin retail customers |
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'''2008''' - Superior Gold & Diamond Exchange is opened in Woodland Hills, California |
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== '''Business Units''' == |
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• '''Dallas Gold and Silver Exchange''' - Dallas Gold and Silver Exchange is one of the largest precious metals and jewelry companies in the United States. Dallas Gold and Silver Exchange, Inc. is BBB accredited in Dallas and Fort Worth, Texas. |
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• Charleston Gold and Diamond Exchange – Charleston Gold and Diamond Exchange offers the largest selection of jewelry, certified diamonds, fine watches, rare coins, and precious met products in the Charleston, South Carolina area. |
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• '''Superior Estate Buyers''' – Superior Estate Buyers’ team of professionals bring over 100 years of combined experience to cities all over the United States to provide companies, trusts, financial institutes and individuals a safe and secure local venue to sell their valuables. |
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• '''Superior Galleries''' – Superior Galleries has been a wholesale dealer, retailer and auctioneer of rare coins, jewelry, and collectables since 1930. It has participated in the purchase and sale of some of the finest numismatic items ever traded in the United States. Superior Galleries conducts formal and internet auctions on a monthly basis. |
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• '''Superior Gold and Diamond Exchange''' – Superior gold and Diamond Exchange offers the largest selection of jewelry, certified diamonds, fine watches, rare coins and precious metals in the Woodland Hills, California. |
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• '''US Bullion Exchange''' – U. S. Bullion Exchange is the online trading platform of DGSE Companies, Inc. and facilitates full service precious metals trading. USBE gives clients access to competitive two-way markets in all the most popularly traded precious metal products. |
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• '''American Gold and Diamond Exchange''' – American Gold and Silver Exchange and its affiliates have spent more than $500,000,000 assisting tens of thousands of customers by providing immediate cash for unwanted valuables. |
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• '''Superior Precious Metals''' – Superior Precious Metals is one of the largest and most sophisticated rare coin and precious metals companies in the United States dealing with individual and institutional investors. |
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== '''Financial Information''' == |
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For current stock and share price visit the following websites. |
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• [http://http://finance.yahoo.com/q?s=DGC Yahoo Finance]<br /> |
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• [http://http://moneycentral.msn.com/detail/stock_quote?Symbol=DGC MSN Finance] |
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== '''External Links''' == |
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• [http://www.dgse.com Dallas Gold & Silver Exchange]<br /> |
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• [http://www.americangoldandsilverexchange.com American Gold & Silver Exchange]<br /> |
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• [http://www.sgde.com Superior Gold & Diamond Exchange]<br /> |
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• [http://www.cgdeinc.com Charleston Gold & Diamond Exchange]<br /> |
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• [http://www.superiorestatebuyers.com Superior Estate Buyers]<br /> |
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• [http://www.sgbh.com Superior Galleries]<br /> |
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• [http://www.usbullionexchange.com U. S. Bullion Exchange]<br /> |
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• [http://www.superiorpreciousmetals.com Superior Precious Metals]<br /> |
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==References== |
==References== |
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Revision as of 20:48, 28 May 2009
| Company type | Public company |
|---|---|
| Industry | Retail, Wholesale, Auction |
| Founded | 1965 |
| Headquarters | , |
Area served | United States of America |
Key people | L.S. Smith, CEO William Oyster, COO John Benson, CFO |
| Products | Jewelry, Rare Coins, Precious Metals, Watches, Bullion |
| Revenue | US$105,219,060 |
| Website | www.dgse.com |
About Us
DGSE Companies, Inc. (NYSE: Alternext DGC) wholesales, retails, and auctions fine watches, jewelry, diamonds, precious metal products and rare coins to domestic and international customers through its wholly owned subsidiaries.
• Dallas Gold and Silver Exchange
• Charleston Gold and Diamond Exchange
• Superior Estate Buyers
• Superior Galleries
• Superior Gold and Diamond Exchange
• US Bullion Exchange
• American Gold and Diamond Exchange
• Superior Precious Metals
DGSE Companies Inc. has established its headquarters at 11311 Reeder Rd. Dallas, Texas 75229. With a brand new 30,000 sqft state-of-the-art facility.
History
1978 – Rainbow Rare Coins Founded
1980 – Company name changed to Dallas Gold & Silver Exchange
1987 – Publically traded American Pacific Mint acquires the assets of Dallas Gold & Silver Exchange
1991 – Dallas Gold & Silver Exchange acquires its first TX pawn license to provide jewelry loans to its customers
1995– Dallas Gold & Silver Exchange launches the Internet’s first ever online auction platform
1998 – Dallas Gold & Silver Exchange acquires National Jewelry Exchange a small pawnshop in Carrolton, Texas
2000 – Dallas Gold & Silver Exchange opens Charleston, SC location under the name Charleston Gold & Diamond Exchange
2000 – Dallas Gold & Silver Exchange acquires Fairchild International, one of the nations largest wholesale fine watch companies
2003 – U.S. Bullion Exchange is launched handling the trading and execution of all precious metals transactions system wide for all DGSE Companies. USBE provides an Internet based trading platform for all DGSE customers
2005 - Parent company’s name changed to DGSE Companies, Inc
2007 – Dallas Gold & Silver Exchange acquires the assets of Euless Gold & Silver and opens Dallas Gold & Silver Exchange Fort Worth/Euless location
2007 - DGSE Companies, Inc. lists on the American Stock Exchange
2007 – The second Dallas area National Pawn store is opened.
2007 – American Gold & Silver Exchange is launched with national advertising roll-out allowing individuals from anywhere to send jewelry and precious metals to DGSE for purchase.
2007 – Superior Estate Buyers is launched and conducts its first remote buying events
2007 – DGSE Companies, Inc. acquire Superior Galleries, one of America’s oldest and largest numismatic auction houses
2007 - Superior Galleries conducts its first jewelry and fine time piece auction in Beverly Hills, California
2007 – Superior Precious Metals is launched servicing precious metals and rare coin retail customers
2008 - Superior Gold & Diamond Exchange is opened in Woodland Hills, California
Business Units
• Dallas Gold and Silver Exchange - Dallas Gold and Silver Exchange is one of the largest precious metals and jewelry companies in the United States. Dallas Gold and Silver Exchange, Inc. is BBB accredited in Dallas and Fort Worth, Texas.
• Charleston Gold and Diamond Exchange – Charleston Gold and Diamond Exchange offers the largest selection of jewelry, certified diamonds, fine watches, rare coins, and precious met products in the Charleston, South Carolina area.
• Superior Estate Buyers – Superior Estate Buyers’ team of professionals bring over 100 years of combined experience to cities all over the United States to provide companies, trusts, financial institutes and individuals a safe and secure local venue to sell their valuables.
• Superior Galleries – Superior Galleries has been a wholesale dealer, retailer and auctioneer of rare coins, jewelry, and collectables since 1930. It has participated in the purchase and sale of some of the finest numismatic items ever traded in the United States. Superior Galleries conducts formal and internet auctions on a monthly basis.
• Superior Gold and Diamond Exchange – Superior gold and Diamond Exchange offers the largest selection of jewelry, certified diamonds, fine watches, rare coins and precious metals in the Woodland Hills, California.
• US Bullion Exchange – U. S. Bullion Exchange is the online trading platform of DGSE Companies, Inc. and facilitates full service precious metals trading. USBE gives clients access to competitive two-way markets in all the most popularly traded precious metal products.
• American Gold and Diamond Exchange – American Gold and Silver Exchange and its affiliates have spent more than $500,000,000 assisting tens of thousands of customers by providing immediate cash for unwanted valuables.
• Superior Precious Metals – Superior Precious Metals is one of the largest and most sophisticated rare coin and precious metals companies in the United States dealing with individual and institutional investors.
Financial Information
For current stock and share price visit the following websites.
External Links
• Dallas Gold & Silver Exchange
• American Gold & Silver Exchange
• Superior Gold & Diamond Exchange
• Charleston Gold & Diamond Exchange
• Superior Estate Buyers
• Superior Galleries
• U. S. Bullion Exchange
• Superior Precious Metals