DGSE sells two Dallas pawnshops

Dallas DGSE Cos., which wholesales, retails and auctions fine watches, jewelry, diamonds and precious metal and rare coin products via traditional and Internet channels, announced Friday that it sold its two pawnshops in Dallas in an all-cash transaction of approximately $1.3 million.

In addition, the company said that it has renewed both revolving and term credit facilities with its primary bank.

Besides retail facilities in Dallas and Euless, Texas, Charleston, S.C., and Woodland Hills, Calif., the company operates live Internet auction sites.