EXHIBIT 5.0

                                  BILL OF SALE

KNOW ALL MIN BY THESE  PRESENTS  THAT  First  Union  National  Bank,  a national
banking  association  ("Seller"),  as secured party under the Security Agreement
dated  FEBRUARY 2, 1996 among  Silverman  Retail  Consultants,  Inc.,  Silverman
Jewelers  Consultants,  Inc.,  (together,  "Debtor"),  and  Seller,  for  and in
consideration  of payment of the  purchase  price set forth  below,  does hereby
sell,  assign,  transfer  and convey to Dallas Gold & Silver  Exchange,  Inc., a
Nevada  corporation  ("Purchaser"),  the assets described on Schedule A attached
hereto (the "Assets"). Such sale is made on the following terms:

1. Purchase  Price.  As the purchase price for the sale (the "Purchase  Price"),
Purchaser has delivered to Seller its promissory note dated the date hereof (the
"Note") in the stated principal amount of $2,500,000,  which shall be payable on
the terms set forth therein.  Payment of the Note shall be secured by a security
interest in the Assets pursuant to a security agreement dated the date hereof by
Purchaser delivered to Seller.

2. Representations and Warranties. In order to induce Purchaser to purchase the
Assets  and pay the  Purchase  Price  therefor,  Seller  hereby  represents  and
warrants to Purchaser as follows:

(a) the Assets constitute collateral security for certain indebtedness of Debtor
to Seller;

(b) the sale of the Assets  provided  for in this Bill of Sale is a private sale
under Section 9-504 of the Uniform  Commercial Code as an effect in the State of
South Carolina (the "Code");

(c) Seller  has a first   priority  perfected  security  interest  in the Assets
(except for the security  interest in the trademarks,  copyrights,  and patents,
which is not perfected); and

(d) Seller   has  given all  notices  to Debtor  and any other  secured  parties
required  under  Section  9-504 of the Code and has complied in ii respects with
all foreclosure requirements of Article 9 of the Code relating to the sale.

3.  Warranties.  THIS SALE IS MADE WITHOUT WARRANTY, EXPRESS OR
ILMPIED, AS TO THE CONDITION OF THE ASSETS OR THEIR FITNESS FOR
ANY PARTICULAR  PURPOSE,  AND THE SAME ARE BEING SOLD TOPURCHASER,  AS IS, WHERE
IS, WITH ALL FAULTS.

4.  Governing Law; Venue.  The validity, interpretation  and performance of this
Bill of Sale  and any  dispute  concerned  herewith  shall  be  governed  by and
construed  in  accordance  with  the  substantive  laws of the  State  of  North
Carolina,  excluding any  conflicts of law, rule or principle  which might refer
same to another jurisdiction.  Venue for any action brought with respect to this
agreement shall lie solely in Charlotte, Mecklenburg County, North Carolina.

5.  Successors  and  Assigns.  This  Bill  of Sale  shall  bind  Seller  mud its
Successors  and assigns and inure to the benefit of Purchaser and its successors
and assigns.




6.  Amendment.  This Bill of Sale may be amended, modified or  supplemented only
by an instrument in writing  executed by the party against which  enforcement of
the amendment, modification or supplement is sought,

IN WITNESS  WHEREOF,  Seller has caused  this Bill of Sale to be executed by its
authorized officer this 13th day of August, 1999.




FIRST UNION NATIONAL BANK