U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K


                                 CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): June 29, 1999



                      DALLAS GOLD AND SILVER EXCHANGE, INC.
                      -------------------------------------
             (Exact name of registrant as specified in its charter)




                                     NEVADA
                                     -------
                 (State or other jurisdiction of incorporation)





  1-11048                                               88-0097334
  -------                                               ----------
(Commission file number)                    (IRS employer identification number)




                      2817 Forest Lane, Dallas, Texas 75234
                     (Address of principal executive office)




        Registrant's telephone number, including area code: (972)484-3662






Item 5. Other Information:

Dallas Gold And Silver Exchange, Inc. announced that after over six years on the
Emerging Company Marketplace of the American Stock Exchange (the "Exchange"), it
has  requested  and been  granted  permission  to return to the  NASDAQ  market.
Trading in the Company's  common stock  commenced on the NASDAQ Small Cap Market
on June  29,  1999  with  the new  stock  symbol  DGSE.  Concurrently  with  the
commencement  of  trading  on  NASDAQ,  the  Company  filed an  application  for
withdrawal  from listing on the Exchange of its Common Stock pursuant to Section
12(d) of the Securities  Exchange Act of 1934.  Trading in the Company's  Common
Stock on the  Exchange  has been  suspended,  in light of the  Company's  NASDAQ
listing, pending its delisting from the Exchange.

The Company has taken these actions primarily to provide to Company shareholders
more market exposure and depth in the trading of the Company's Common Stock. The
Company  notes,  in this  regard,  that its Common  Stock,  which was one of the
initial securities  approved for listing on the Emerging Company  Marketplace of
the American Stock Exchange approximately six years ago, is now one of only nine
companies whose securities are traded in this  marketplace.  This factor,  along
with  the  special  symbol   extensions   required  for  the  Emerging   Company
Marketplace, has resulted in very limited publication of trading information for
the  Company's  Common  Stock in the media  and  reduced  access to timely  tape
trading data concerning  securities  transactions in the Company's Common Stock.
In addition,  the Company believes that the multi-market maker trading system of
NASDAQ  will  provide  greater  depth,  continuity  and  liquidity  for  Company
shareholders.




                                    SIGNATURE

In accordance  with section 13 and 15(d) of the Exchange Act, the Registrant has
dully caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.


                                        Dallas Gold And Silver Exchange, Inc.
                                        /s/ Dr. L.S. Smith
                                        ------------------------------------
                                        Dr. L.S. Smith
                                        Chairman of the Board

Dated: June 29, 1999