|   | 6. | I      have reviewed this quarterly report on Form 10-Q of DGSE Companies,      Inc.; |
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|   | 7. | Based      on my knowledge, this quarterly report does not contain any untrue      statement of a material fact or omit to state a material fact necessary to      make the statements made, in light of the circumstances under which such      statements were made, not misleading with respect to the period covered by      this quarterly report; |
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|   | 8. | Based      on my knowledge, the financial statements, and other financial information      included in this quarterly report, fairly present in all material respects      the financial condition, results of operations and cash flows of the      Company as of, and for, the periods presented in this quarterly      report; |
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|   | 9. | The      Company’s other certifying officers and I are responsible for establishing      and maintaining disclosure controls and procedures (as defined in Exchange      Act Rules 13a-15(e) and 15d-15(e) and internal control over financial      reporting (as defined in Exchange Act Rules 13a-15(f) and15d-15(f) for the      registrant  and  have: |
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|   | a) | designed      such disclosure controls and procedures, or caused such disclosure      controls and procedures to be designed under our supervision to ensure      that material information relating to the registrant, including its      consolidated subsidiaries, is made known to us by others within those      entities, particularly during the period in which this quarterly report is      being prepared; |
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|   | b) | Designed      such internal control over financial reporting, or caused such internal      control  over financial reporting to be designed under our      supervision, to provide reasonable assurance regarding the reliability of      financial reporting and the preparation of financial statements for      external purposes in accordance with general accepted accounting      principles; |
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|   | c) | Evaluated      the effectiveness of the registrant’s disclosure controls and procedures      and presented in this report our conclusions about the effectiveness of      the disclosure controls and procedures, as of the period covered by this      report based on such evaluation;and |
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|   | d) | Disclosed      in this report any change in the registrant’s internal control over      financial reporting  that occurred during the registrant’s most      recent fiscal quarter  that has materially affected, or is      reasonably likely to materially affect, the registrant’s internal control      over financial reporting; and |
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|  | 10. | The      Registrant’s other certifying officers and I have disclosed, based on our      most recent evaluation, of internal control over financial reporting to      the registrant’s auditors and the audit committee of the registrant’s      board of directors: |
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|   | a) | all      significant deficiencies  and material weaknesses in the design      or operation of internal control over financial  reporting which      are reasonably likely to adversely affect the registrant’s ability to      record, process, summarize and report financial information;      and |
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|   | b) | Any      fraud, whether or not material, that involves management or that other      employees who have a significant role in the registrant’s internal control      over financial reporting. |
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| Date: March 19,      2010 | /s/ John Benson  - Chief Financial      Officer |
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