DGSE Companies

Envela Corporation

Formerly	DGSE Companies, Inc.
Company type	Public company
Traded as	Template:NYSE MKT
Industry	Recommerce
Predecessor	DGSE Companies, Inc.
Founded	1965
Headquarters	Dallas, Texas , U.S.
Area served	United States
Key people	John Loftus, CEO C. Bret Pederson, CFO
Revenue	US$82 million (2019)
Number of employees	60+
Divisions	DGSE, LLC ECHG

Established in 1965, Envela Corporation functions as a holding entity overseeing subsidiaries engaged in the recommerce industry. Its portfolio includes retail operations, online commerce, de-manufacturing, recycling processes, IT asset disposition (ITAD), and reverse logistics services. The company’s structure is segmented into two primary divisions: DGSE, LLC and ECHG.

DGSE, LLC manages retail establishments that purchase and sell jewelry and precious metals to individual consumers, dealers, and institutional clients throughout the U.S., staffed with specialists skilled in authentication and appraisal. This division owns Dallas Gold & Silver Exchange and Charleston Gold & Diamond Exchange. Dallas Gold & Silver Exchange operates multiple outlets within the Dallas/Fort Worth region, featuring flagship and expanding stores located in Dallas, Euless, Grand Prairie, Lewisville, and Grapevine. Charleston Gold & Diamond Exchange caters to customers in Mt. Pleasant, South Carolina.

ECHG offers comprehensive solutions aimed at businesses pursuing sustainable waste management and data security. Its services include IT asset disposition, re-marketing of electronics, and reverse supply chain management designed to optimize value recovery from obsolete electronic devices while ensuring protection of intellectual property. Additionally, ECHG provides de-manufacturing and value reclamation services targeting industrial and commercial users of electronic components.

History

Previously known as DGSE Companies, Inc., the corporation adopted the Envela Corporation name in 2019.

The company originated as American Pacific Mint Inc. in Nevada in 1965 before relocating to Azusa, California. In 1987, it acquired Dallas Gold and Silver Exchange as a subsidiary. After recording a 19% increase in profits at this subsidiary in 1992, the headquarters were moved to Dallas with shareholders approving the rebranding to Dallas Gold and Silver Exchange that July. The entity took on its current name in July 2001.

DGSE was among the pioneers in integrating e-commerce within the precious metals market by launching auction websites for jewelry and watches starting in 1995 alongside providing live precious metal price updates. By 1999, revenue generated from online channels had grown substantially. The acquisition of Superior Galleries in 2007 resulted in a 33% surge in share value.

Trading of DGSE shares was suspended on AMEX in April 2012 but recommenced on NYSE MKT by November of the same year. During that period, the company expanded its retail presence by opening new outlets in Southlake, Allen, and Fort Worth within the Dallas-Fort Worth metropolitan area.

Timeline

1965 – Incorporation of American Pacific Mint

1978 – Founding of Rainbow Rare Coins; renamed Dallas Gold & Silver Exchange in 1980

1987 – Acquisition of Dallas Gold & Silver Exchange assets by American Pacific Mint

1991 – Dallas Gold & Silver Exchange obtains Texas’s first pawn license for jewelry lending

1995 – Introduction of online auction platform

1998 – Purchase of National Jewelry Exchange pawnshop located in Carrollton, Texas

2000 – Expansion into Charleston, South Carolina with Charleston Gold & Diamond Exchange; acquisition of Fairchild International, a prominent wholesale fine watch distributor

2003 – Launch of U.S. Bullion Exchange, an internet-based precious metals trading platform under DGSE Companies

2005 – Parent company rebrands as DGSE Companies, Inc.

2007 – Acquisition of Euless Gold & Silver assets; opening of Fort Worth/Euless store; listing on American Stock Exchange; launch of American Gold & Silver Exchange with nationwide advertising; establishment of Superior Estate Buyers; acquisition of Superior Galleries numismatic auction house; introduction of Superior Precious Metals retail service

2008 – Opening of Superior Gold & Diamond Exchange in Woodland Hills, California

2009 – Creation of charitable fundraising initiative A Chance To Give

2011 – Debut of DGSE Bullion Express concept; store openings in Dallas (Preston Center and North Dallas) and Arlington

2012 – Extension of Bullion Express stores to Highland Park (Chicago), Illinois and Buckhead (Atlanta), Georgia; SEC investigation into accounting practices; new Dallas-Fort Worth locations launched in Southlake, Allen, and Fort Worth utilizing Superior Galleries assets

2013 – Opening of second Atlanta-area store named Southern Bullion Coin & Jewelry in Cumming, Georgia

2016 – Appointment of John Loftus as CEO, President, and Chairman of DGSE Companies, Inc.

2019 – Corporate rebranding to Envela Corporation; ticker symbol changed from DGSE to ELA on NYSE

2020 – Envela subsidiary ECHG, LLC provides $1.5 million loan to CExchange, LLC with equity option; DGSE opens new Dallas Gold & Silver Exchange location in Lewisville, Texas