**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

| (Mark                One)                                                                                                                  |                                                                                                                                                        |
|--------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ý                                                                                                                                     | **QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934**                    |
|                                                                                                                                       |                                                                                                                                                        |
|                                                                                                                                       | **For                the quarter ended September 30, 2007**                                                                                                 |
|                                                                                                                                       |                                                                                                                                                        |
|                                                                                                                                       | **OR**                                                                                                                                                      |
|                                                                                                                                       |                                                                                                                                                        |
| q                                                                                                                                          | **TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 [NO FEE REQUIRED]** |
|                                                                                                                                       |                                                                                                                                                        |
|                                                                                                                                       | **For                the transition period from _______ to _____**                                                                                          |
| **Commission                file number 0-27887**                                                                                          |
|                                                                                                                                       |
|  **COLLECTORS                UNIVERSE, INC.****(Exact                name of Registrant as specified in its                charter)** |

| **Delaware**                                                                                         | **33-0846191**                                          |
|------------------------------------------------------------------------------------------------------|---------------------------------------------------------|
| **(State                or other jurisdiction of**                                                   | **(I.R.S.                Employer Identification No.)** |
| **Incorporation                or organization)**                                                    |                                                    |
|                                                                                                 |
| **1921                E. Alton Avenue, Santa Ana, California 92705**                                 |
| **(address                of principal executive                offices and zip code)**              |
|                                                                                                 |
|                                                                                                 |
| **Registrant's                telephone number, including area code: (949)                567-1234** |

| Large                accelerated filer o | Accelerated                filer ý | Non-accelerated                filer o |
|------------------------------------------|-----------------------------------------|----------------------------------------|

|   | **Class**                                       | **Outstanding                at October 22,                2007** |
|--------|-------------------------------------------------|-------------------------------------------------------------------|
|   | **Common                Stock $.001 Par Value** | **8,527,312**                                                     |   |
|   |                                            |                                                              |   |

----

**COLLECTORS      UNIVERSE, INC.**

**QUARTERLY      REPORT ON FORM 10-Q**

**FOR      THE QUARTER ENDED SEPTEMBER 30, 2007**

**TABLE      OF CONTENTS**

| **PART                I**            | **Financial                Information**                                                                                                   | **Page**                                                                                                                                                                                                                         |
|--------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                 | Item                1.                                                                                                                     | Financial                Statements:                                                                                                                                                                                             |   |
|                                 |                                                                                                                                       | Condensed                Consolidated Balance Sheets as of September 30, 2007 and                June 30, 2007 (unaudited)                                                                                                       | 1 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 |                                                                                                                                       | Condensed                Consolidated Statements of Operations for                the Three-Months Ended September 30, 2007 and 2006                (unaudited)                                                                  | 2 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 |                                                                                                                                       | Condensed                Consolidated Statements of Stockholders’ Equity for                the Years Ended June 30, 2006 and 2007 and                the Three Months Ended September 30, 2007                (unaudited) |                           3 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 |                                                                                                                                       | Condensed                Consolidated Statements of Cash Flows for                the Three Months Ended September 30, 2007 and 2006                (unaudited)                                                                  | 4 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 |                                                                                                                                       | Notes                to Condensed Consolidated Financial Statements                (unaudited)                                                                                                                                   | 6 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 | Item                2.                                                                                                                     | Management's                Discussion and Analysis of Financial                Condition and Results of Operations                                                                                                              | 18 |
|                                 |                                                                                                                                       | Forward                Looking Information                                                                                                                                                                                       | 18 |
|                                 |                                                                                                                                       | Our                Business                                                                                                                                                                                                      | 19 |
|                                 |                                                                                                                                       | Overview                of Results of Operations for the Quarter Ended                September 30, 2007                                                                                                                         | 20 |
|                                 |                                                                                                                                       | Factors                That Can Affect Our Financial Position and                Operating Results                                                                                                                               | 20 |
|                                 |                                                                                                                                       | Critical                Accounting Policies and                Estimates                                                                                                                                                         | 22 |
|                                 |                                                                                                                                       | Results                of Operation–Quarter Ended September                30, 2007 Versus Quarter Ended September 30, 2006                                                                                                | 23 |
|                                 |                                                                                                                                       | Liquidity                and Capital Resources                                                                                                                                                                                   | 27 |
|                                 |                                                                                                                                       | Risks                and Uncertainties That Could Affect Our Future                Financial Performance                                                                                                                         | 28 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 | Item                2A.                                                                                                                    | Quantitative                and Qualitative Disclosures About Market                Risk                                                                                                                                         | 30 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
|                                 | Item                3                                                                                                                      | Controls                and Procedures                                                                                                                                                                                           | 30 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |   |
| **PART                II**           | **Other                Information**                                                                                                       |                                                                                                                                                                                                                             |
|                                 | Item                1                                                                                                                      | Legal                Proceedings                                                                                                                                                                                                 |          31 |
|                                 | Item                1A.                                                                                                                    | Risk                Factors                                                                                                                                                                                                      | 32 |
|                                 | Item                2.                                                                                                                     | Unregistered                Sales of Securities and Use of                Proceeds                                                                                                                                               | 32 |
|                                 | Item                6.                                                                                                                     | Exhibits                                                                                                                                                                                                                         | 32 |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |
| **SIGNATURES**                       |                                                                                                                                       | S-1                                                                                                                                                                                                                              |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |
| **INDEX                TO EXHIBITS** | E-1                                                                                                                                        |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |
| **EXHIBITS**                         |                                                                                                                                       |                                                                                                                                                                                                                             |
| **Exhibit                31.1**      | Certifications                of Chief Executive Officer Under Section 302 of the Sarbanes-Oxley                Act of                2002 |                                                                                                                                                                                                                             |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |
| **Exhibit                31.2**      | Certifications                of Chief Financial Officer Under Section 302 of the Sarbanes-Oxley                Act of                2002 |                                                                                                                                                                                                                             |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |
| **Exhibit                   32.1**   | Chief                Executive Officer Certification Under Section 906 of the Sarbanes-Oxley                Act of 2002                    |                                                                                                                                                                                                                             |
|                                 |                                                                                                                                       |                                                                                                                                                                                                                             |
| **Exhibit                32.2**      | Chief                Financial Officer Certification Under Section 906 of the Sarbanes-Oxley                Act of 2002                    |                                                                                                                                                                                                                             |

----

**PART      I - FINANCIAL INFORMATION**

**ITEM      1.                                                                                   FINANCIAL      STATEMENTS**

**COLLECTORS      UNIVERSE, INC. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                                                                                                                                    |   | **September                30,** |    |   | **June                30,** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|--------|-----------------------------|--------|
|                                                                                                                                                                                    |   | **2007**                         |    |   | **2007**                    |   |
| **ASSETS**                                                                                                                                                                              |   |                             |    |   |                        |   |
| Current                assets:                                                                                                                                                          |   |                             |    |   |                        |   |
| Cash                and cash                equivalents                                                                                                                                 |   | $                                | 37,577  |   |                        | $      | 42,386 |   |
| Accounts                receivable, net of                allowance for doubtful accounts of $60                                                                                        |   |                             | 1,671   |   |                        |   | 1,276 |   |
| Refundable                income                taxes                                                                                                                                   |   |                             | 1,220   |   |                        |   | 1,220 |   |
| Inventories,                net                                                                                                                                                         |   |                             | 426     |   |                        |   | 442 |   |
| Prepaid                expenses and other current                assets                                                                                                                 |   |                             | 1,073   |   |                        |   | 1,060 |   |
| Customer                notes receivable, net of                allowance of $23                                                                                                        |   |                             | 3,696   |   |                        |   | 2,536 |   |
| Net                deferred income tax                asset                                                                                                                             |   |                             | 1,050   |   |                        |   | 1,020 |   |
| Receivables                from sale of net                assets of discontinued operations                                                                                            |   |                             | 92      |   |                        |   | 92 |   |
| Total                current                assets                                                                                                                                      |   |                             | 46,805  |   |                        |   | 50,032 |   |
|                                                                                                                                                                                    |   |                             |    |   |                        |   |   |   |
| Property                and equipment,                net                                                                                                                               |   |                             | 4,141   |   |                        |   | 4,081 |   |
| Goodwill                                                                                                                                                                                |   |                             | 12,879  |   |                        |   | 12,884 |   |
| Intangible                assets,                net                                                                                                                                    |   |                             | 10,456  |   |                        |   | 10,365 |   |
| Note                receivable from sale of                discontinued operation                                                                                                       |   |                             | 206     |   |                        |   | 229 |   |
| Other                assets                                                                                                                                                             |   |                             | 514     |   |                        |   | 510 |   |
|                                                                                                                                                                                    |   | $                                | 75,001  |   |                        | $      | 78,101 |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY**                                                                                                                                 |   |                             |    |   |                        |   |   |   |
| Current                liabilities:                                                                                                                                                     |   |                             |    |   |                        |   |   |   |
| Accounts                payable                                                                                                                                                         |   | $                                | 1,106   |   |                        | $      | 1,435 |   |
| Accrued                liabilities                                                                                                                                                      |   |                             | 2,130   |   |                        |   | 2,154 |   |
| Accrued                compensation and                benefits                                                                                                                         |   |                             | 1,448   |   |                        |   | 1,988 |   |
| Income                taxes                payable                                                                                                                                      |   |                             | 297     |   |                        |   | 14 |   |
| Deferred                revenue                                                                                                                                                         |   |                             | 1,889   |   |                        |   | 2,233 |   |
| Current                liabilities of                discontinued operations                                                                                                            |   |                             | 23      |   |                        |   | - |   |
| Total                current                liabilities                                                                                                                                 |   |                             | 6,893   |   |                        |   | 7,824 |   |
|                                                                                                                                                                                    |   |                             |    |   |                        |   |   |   |
| Deferred                rent                                                                                                                                                            |   |                             | 464     |   |                        |   | 477 |   |
| Other                long-term liabilities                                                                                                                                              |   |                             | 40      |   |                        |   | 40 |   |
| Net                deferred income tax liability                                                                                                                                        |   |                             | 810     |   |                        |   | 869 |   |
| Commitments                and contingencies                                                                                                                                            |   |                             | -       |   |                        |   | - |   |
| Preferred                stock, $.001 par value;                5,000 shares authorized; no shares issued or outstanding                                                                |   |                             | -       |   |                        |   | - |   |
| Common                stock, $.001 par value;                45,000 shares authorized; outstanding 8,521 at September 30, 2007                and                8,496 at June 30, 2007 |   |                             | 9       |   |                        |   | 9 |   |
| Additional                paid-in                capital                                                                                                                                |   |                             | 77,049  |   |                        |   | 76,737 |   |
| Accumulated                deficit                                                                                                                                                      |   |                             | (10,264 | )      |                        |   | (7,855 | ) |
| Total                stockholders'                equity                                                                                                                                |   |                             | 66,794  |   |                        |   | 68,891 |   |
|                                                                                                                                                                                    |   | $                                | 75,001  |   |                        | $      | 78,101 |   |

----

**COLLECTORS      UNIVERSE, INC. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENTS OF      OPERATIONS**

|                                                                                                                                                           |   | **Three                Months Ended** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                                                           |   | **September                30,**      |   |
|                                                                                                                                                           |   | **2007**                              |   |   | **2006** |   |
| Net                revenues                                                                                                                                    |   | $                                     | 10,825 |   |   | $ | 9,898 |   |
| Cost                of revenues                                                                                                                                |   |                                  | 5,200  |   |   |   | 4,356 |   |
| Gross                profit                                                                                                                                    |   |                                  | 5,625  |   |   |   | 5,542 |   |
| Selling                and marketing expenses                                                                                                                  |   |                                  | 2,018  |   |   |   | 1,262 |   |
| General                and administrative expenses                                                                                                             |   |                                  | 3,948  |   |   |   | 3,979 |   |
| Amortization                of intangible assets                                                                                                               |   |                                  | 270    |   |   |   | 171 |   |
| Total                operating                expenses                                                                                                         |   |                                  | 6,236  |   |   |   | 5,412 |   |
| Operating                income (loss)                                                                                                                         |   |                                  | (611   | ) |   |   | 130 |   |
| Interest                income, net                                                                                                                            |   |                                  | 444    |   |   |   | 567 |   |
| Other                income                                                                                                                                    |   |                                  | 1      |   |   |   | 4 |   |
| Income                (loss) before provision (benefit) for income taxes                                                                                       |   |                                  | (166   | ) |   |   | 701 |   |
| Provision                (benefit) for income taxes                                                                                                            |   |                                  | (66    | ) |   |   | 318 |   |
| Income                (loss) from continuing operations                                                                                                        |   |                                  | (100   | ) |   |   | 383 |   |
| Income                (loss) from discontinued operations, net of gain on sales of discontinued                businesses                (net of income taxes) |   |                                  | (10    | ) |   |   | 11 |   |
| Net                income (loss)                                                                                                                               |   | $                                     | (110   | ) |   | $ | 394 |   |
|                                                                                                                                                           |   |                                  |   |   |   |   |   |   |
| Net                income (loss) per basic share:                                                                                                              |   |                                  |   |   |   |   |   |   |
|    Income                (loss) from continuing operations                                                                                      |   | $                                     | (0.01  | ) |   | $ | 0.05 |   |
| Income                (loss) from discontinued                operations, net of gain on sales of discontinued businesses                (net of income taxes) |   |                                  | -      |   |   |   | - |   |
| Net                income (loss)                                                                                                                               |   | $                                     | (0.01  | ) |   | $ | 0.05 |   |
|                                                                                                                                                           |   |                                  |   |   |   |   |   |   |
| Net                income (loss) per diluted share:                                                                                                            |   |                                  |   |   |   |   |   |   |
| Income                (loss) from continuing                operations                                                                                         |   | $                                     | (0.01  | ) |   | $ | 0.04 |   |
| Income                (loss) from                discontinued operations, net of gain on sales of discontinued businesses                (net of income taxes) |   |                                  | -      |   |   |   | - |   |
| Net                income (loss)                                                                                                                               |   | $                                     | (0.01  | ) |   | $ | 0.04 |   |
|                                                                                                                                                           |   |                                  |   |   |   |   |   |   |
| Weighted                average shares outstanding:                                                                                                            |   |                                  |   |   |   |   |   |   |
| Basic                                                                                                                                                          |   |                                  | 8,463  |   |   |   | 8,351 |   |
| Diluted                                                                                                                                                        |   |                                  | 8,463  |   |   |   | 8,628 |   |
| Dividends                declared per common                share                                                                                              |   | $                                     | 0.25   |   |   | $ | 0.08 |   |

----

**COLLECTORS      UNIVERSE, INC. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENTS OF STOCKHOLDERS'      EQUITY**

|                                                                                                         |   | **Common                Stock** |   |   | **Additional****Paid-in** |   |   | **Accumulated** |   |   | **Treasury                Stock** |   |   |       |    |
|--------------------------------------------------------------------------------------------------------------|--------|---------------------------------|--------|--------|---------------------------|--------|--------|-----------------|--------|--------|-----------------------------------|--------|--------|------------|---------|
|                                                                                                         |   | **Shares**                      |   |   | **Amount**                |   |   | **Capital**     |   |   | **Deficit**                       |   |   | **Shares** |    |   | **Amount** |   |   | **Total** |   |
| Balance                at June 30, 2005                                                                      |   |                            | 8,610  |   |                      | $      | 9      |            |   | $      | 78,594                            |   |   | $          | (7,016  | ) |   |   | (125 | ) |   | $ | (1,021 | ) |   | $ | 70,566 |   |
| Exercise                of stock options                                                                     |   |                            | 47     |   |                      |   | -      |            |   |   | 243                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 243 |   |
| Stock-based                compensation expense                                                              |   |                            | -      |   |                      |   | -      |            |   |   | 670                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 670 |   |
| Tax                benefit on exercise of stock options                                                      |   |                            | -      |   |                      |   | -      |            |   |   | 29                                |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 29 |   |
| Shares                repurchased and cancelled under the                Stock Repurchase Plan          |   |                            | (182   | )      |                      |   | (1     | )               |   |   | (2,627                            | )      |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | (2,628 | ) |
| Net                income                                                                                    |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | 3,700   |   |   |   | - |   |   |   | - |   |   |   | 3,700 |   |
| Dividends                paid to common stockholders                                                         |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | (674    | ) |   |   | - |   |   |   | - |   |   |   | (674 | ) |
| Balance                at June 30, 2006                                                                      |   |                            | 8,475  |   |                      |   | 8      |            |   |   | 76,909                            |   |   |       | (3,990  | ) |   |   | (125 | ) |   |   | (1,021 | ) |   |   | 71,906 |   |
|                                                                                                         |   |                            |   |   |                      |   |   |            |   |   |                              |   |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercise                of stock options                                                                     |   |                            | 161    |   |                      |   | 1      |            |   |   | 275                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 276 |   |
| Stock-based                compensation expense                                                              |   |                            | -      |   |                      |   | -      |            |   |   | 726                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 726 |   |
| Issuance                of restricted shares                                                                 |   |                            | 57     |   |                      |   | -      |            |   |   | 164                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 164 |   |
| Tax                benefit on exercise of stock options                                                      |   |                            | -      |   |                      |   | -      |            |   |   | 633                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 633 |   |
| Shares                repurchased and cancelledunder                the Stock repurchase                Plan |   |                            | (72    | )      |                      |   | -      |            |   |   | (949                              | )      |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | (949 | ) |
| Net                loss                                                                                      |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | (515    | ) |   |   | - |   |   |   | - |   |   |   | (515 | ) |
| Retirement                of treasury shares                                                                 |   |                            | (125   | )      |                      |   | -      |            |   |   | (1,021                            | )      |   |       | -       |   |   |   | 125 |   |   |   | 1,021 |   |   |   | - |   |
| Dividends                paid ($0.40 per share)                                                              |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | (3,350  | ) |   |   | - |   |   |   | - |   |   |   | (3,350 | ) |
| Balance                at June 30, 2007                                                                      |   |                            | 8,496  |   |                      | $      | 9      |            |   | $      | 76,737                            |   |   | $          | (7,855  | ) |   |   | - |   |   | $ | - |   |   | $ | 68,891 |   |
| Cumulative                effect of adoption ofFIN                48 (see note                8)             |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | (170    | ) |   |   | - |   |   |   | - |   |   |   | (170 | ) |
| Exercise                of stock options                                                                     |   |                            | 25     |   |                      |   | -      |            |   |   | 72                                |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 72 |   |
| Stock-based                compensation expense                                                              |   |                            | -      |   |                      |   | -      |            |   |   | 240                               |   |   |       | -       |   |   |   | - |   |   |   | - |   |   |   | 240 |   |
| Dividends                paid ($0.25 per share)                                                              |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | (2,129  | ) |   |   | - |   |   |   | - |   |   |   | (2,129 | ) |
| Net                loss                                                                                      |   |                            | -      |   |                      |   | -      |            |   |   | -                                 |   |   |       | (110    | ) |   |   | - |   |   |   | - |   |   |   | (110 | ) |
| Balance                at September 30, 2007                                                                 |   |                            | 8,521  |   |                      | $      | 9      |            |   | $      | 77,049                            |   |   | $          | (10,264 | ) |   |   | - |   |   | $ | - |   |   | $ | 66,794 |   |

----

**COLLECTORS      UNIVERSE, INC. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENTS OF CASH      FLOWS**

|                                                                                                                             |   | **Three                Months Ended****September                30,** |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                                                                                             |   | 2007                                                                  |   |   | 2006 |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                                             |   |                                                                  |   |   |   |   |
| Net                income (loss)                                                                                                 |   | $                                                                     | (110   | ) |   | $ | 394 |   |
| Adjustments                to reconcile net income (loss) to net cash (used in) provided by                operating activities: |   |                                                                  |   |   |   |   |   |   |
| Depreciation                and                amortization                                                                      |   |                                                                  | 574    |   |   |   | 390 |   |
| Impairment                of fixed                assets                                                                         |   |                                                                  | 1      |   |   |   | - |   |
| Stock-based                compensation                expense                                                                   |   |                                                                  | 246    |   |   |   | 200 |   |
| Tax                benefit from exercising of                stock options                                                       |   |                                                                  | -      |   |   |   | 7 |   |
| Interest                on note                receivable                                                                        |   |                                                                  | (3     | ) |   |   | - |   |
| Provision                for inventory write                down                                                                 |   |                                                                  | 10     |   |   |   | (12 | ) |
| Discontinued                operations                                                                                           |   |                                                                  | 10     |   |   |   | (10 | ) |
| Deferred                income                taxes                                                                              |   |                                                                  | 19     |   |   |   | (17 | ) |
| Changes                in operating assets and liabilities:                                                                      |   |                                                                  |   |   |   |   |   |   |
| Accounts                receivable                                                                                               |   |                                                                  | (395   | ) |   |   | (121 | ) |
| Inventories                                                                                                                      |   |                                                                  | 5      |   |   |   | 7 |   |
| Prepaid                expenses and other                current assets                                                          |   |                                                                  | (11    | ) |   |   | 158 |   |
| Income                taxes                payable                                                                               |   |                                                                  | 10     |   |   |   | (228 | ) |
| Other                assets                                                                                                      |   |                                                                  | (8     | ) |   |   | (66 | ) |
| Accounts                payable                                                                                                  |   |                                                                  | (329   | ) |   |   | (106 | ) |
| Accrued                liabilities                                                                                               |   |                                                                  | (30    | ) |   |   | 66 |   |
| Deferred                rent and other                long-term liabilities                                                      |   |                                                                  | (13    | ) |   |   | 66 |   |
| Accrued                compensation and                benefits                                                                  |   |                                                                  | (540   | ) |   |   | 48 |   |
| Deferred                revenue                                                                                                  |   |                                                                  | (344   | ) |   |   | (316 | ) |
| Net                cash (used in) provided by                operating activities                                                |   | $                                                                     | (908   | ) |   | $ | 460 |   |
| Net                cash provided by operating activities of discontinued                businesses                               |   |                                                                  | 13     |   |   |   | 14 |   |
|                                                                                                                             |   |                                                                  |   |   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                                                                             |   |                                                                  |   |   |   |   |   |   |
| Capital                expenditures                                                                                              |   |                                                                  | (361   | ) |   |   | (1,387 | ) |
| Collection                of receivables from sales of discontinued businesses                                                   |   |                                                                  | 22     |   |   |   | 128 |   |
| Advances                on customer notes receivables                                                                            |   |                                                                  | (1,926 | ) |   |   | (2,421 | ) |
| Proceeds                from customer notes receivables                                                                          |   |                                                                  | 769    |   |   |   | 631 |   |
| Purchase                of businesses, net of cash acquired                                                                      |   |                                                                  | -      |   |   |   | (6,182 | ) |
| Purchase                of patents and other intangible assets                                                                   |   |                                                                  | -      |   |   |   | (343 | ) |
| Capitalized                software                                                                                              |   |                                                                  | (361   | ) |   |   | (383 | ) |
| Net                cash used in investing                activities                                                              |   |                                                                  | (1,857 | ) |   |   | (9,957 | ) |
|                                                                                                                             |   |                                                                  |   |   |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                                                                             |   |                                                                  |   |   |   |   |   |   |
| Proceeds                from exercise of stock options                                                                           |   |                                                                  | 72     |   |   |   | 21 |   |
| Payments                for retirement of common stock                                                                           |   |                                                                  | -      |   |   |   | (378 | ) |
| Dividends                paid to common stockholders                                                                             |   |                                                                  | (2,129 | ) |   |   | (668 | ) |
| Net                cash used in financing                activities                                                              |   |                                                                  | (2,057 | ) |   |   | (1,025 | ) |
|                                                                                                                             |   |                                                                  |   |   |   |   |   |   |
| Net                decrease in cash and cash equivalents                                                                         |   |                                                                  | (4,809 | ) |   |   | (10,508 | ) |
| Cash                and cash equivalents at beginning of period                                                                  |   |                                                                  | 42,386 |   |   |   | 52,110 |   |
| Cash                and cash equivalents at end of period                                                                        |   | $                                                                     | 37,577 |   |   | $ | 41,602 |   |
|                                                                                                                             |   |                                                                  |   |   |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES OF CASH FLOW INFORMATION:                                                                |   |                                                                  |   |   |   |   |   |   |
| Interest                paid                                                                                                     |   | $                                                                     | -      |   |   | $ | 7 |   |
| Income                taxes paid                                                                                                 |   | $                                                                     | -      |   |   | $ | 507 |   |

----

**COLLECTORS      UNIVERSE, INC. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)**

|                                                                                                                                                                         |   |                                                          |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                                                                                                                                                         |   | Three                Months EndedSeptember                30, |   |
|                                                                                                                                                                         |   | 2007                                                          |   |   | 2006 |   |
| SUPPLEMENTAL                DISCLOSURES OF CASH FLOW INFORMATION (CONTINUED):                                                                                                |   |                                                          |   |   |   |   |
| Effective                July 1, 2006, the Company acquired Expos Unlimited, LLC in a transaction                summarized                as follows:                       |   |                                                          |   |   |   |   |
| Fair                value of net liabilities                assumed                                                                                                          |   | $                                                             | -      |   |   | $ | (385 | ) |
| Intangible                assets                                                                                                                                             |   |                                                          | -      |   |   |   | 1,810 |   |
| Goodwill                                                                                                                                                                     |   |                                                          |   |   |   |   | 1,001 |   |
| Purchase                price, net of $49 cash                acquired                                                                                                       |   | $                                                             | -      |   |   | $ | 2,426 |   |
|                                                                                                                                                                         |   |                                                          |   |   |   |   |   |   |
| Effective                August 18, 2006, the Company acquired American Gemological Laboratories,                Inc. in                a transaction summarized as follows: |   |                                                          |   |   |   |   |   |   |
| Fair                value of net liabilities                assumed                                                                                                          |   | $                                                             | -      |   |   | $ | (42 | ) |
| Deferred                tax liability                recognized at acquisition                                                                                               |   |                                                          | -      |   |   |   | (1,205 | ) |
| Intangible                assets                                                                                                                                             |   |                                                          | -      |   |   |   | 3,030 |   |
| Goodwill                                                                                                                                                                     |   |                                                          | -      |   |   |   | 2,083 |   |
| Purchase                price, net of $81 cash                acquired                                                                                                       |   | $                                                             | -      |   |   |   | 3,866 |   |

----

**COLLECTORS      UNIVERSE, INC. AND SUBSIDIARIES**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS      (UNAUDITED)**

*Principles      of Consolidation*

| **Business**                                           | **Acquisition                Date** | **Purchase                Price** |
|--------------------------------------------------------|-------------------------------------|-----------------------------------|
| Expos                Unlimited, LLC                    | July                1, 2006         | $2.5                million       |
| American                Gemological Laboratories, Inc. | August                18, 2006      | $3.9                million       |

*Unaudited      Interim Financial Information*

*Reclassifications*

----

*Revenue      Recognition*

*Use      of Estimates*

*Long-Lived      Assets*

----

*Stock-Based      Compensation Expense*

*Share-Based Payment, *

|                                                           |   | (Dollars                in thousands)                                 |   |
|----------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                           |   | **Three                Months Ended****September                30,** |   |
|                                                           |   | **2007**                                                              |   |   | **2006** |   |
| Included                in:                                    |   |                                                                  |   |   |   |   |
| Cost                of revenues                                |   | $                                                                     | 61     |   |   | $ | 76 |   |
| Selling                and marketing expenses(1)               |   |                                                                  | (7     | ) |   |   | 1 |   |
| General                and administrative expenses(2)          |   |                                                                  | 192    |   |   |   | 123 |   |
| Stock-based                compensation                expense |   |                                                                  | 246    |   |   |   | 200 |   |
| Income                tax                benefit               |   | $                                                                     | -      |   |   | $ | (5 | ) |

----

|   | (1) | Includes                $8,000 related to a forfeiture of stock options during the first                quarter                of fiscal 2008. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (2) | Includes                $82,000 and $3,000 in the three months ended September 30, 2007 and                2006,                respectively, for amortization of compensation expense related to                issuance                of restricted stock (see below). |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                   |   | **Three                Months Ended****September                30,** |   |
|----------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                   |   | **2007**                                                              |   |   | **2006** |   |
| Dividend                yield          |   |                                                                  | -      |   |   |   | 2.3 | % |
| Expected                volatility     |   |                                                                  | -      |   |   |   | 52.0 | % |
| Risk-free                interest rate |   |                                                                  | -      |   |   |   | 4.69 | % |
| Expected                term           |   |                                                                  | -      |   |   | 5.1                years |   |

----

|  **Options**                                                               |   | **Shares** |    |   | **Weighted                Average Exercise Price** |   | **Weighted                Average Remaining Contractual Term** |   | **Aggregate                Intrinsic****Value** |   |
|---------------------------------------------------------------------------------|--------|------------|---------|--------|----------------------------------------------------|--------|----------------------------------------------------------------|--------|-------------------------------------------------|--------|
|     Outstanding                at June 30, 2007             |   |       | 912,000 |   |                                               | $      | 12.98                                                          |   |                                            |   |   |   |
|        Granted(1)                            |   |       | -       |   |                                               |   | -                                                              |   |                                            |   |   |   |
|        Exercised                             |   |       | (25,000 | )      |                                               |   | 5.96                                                           |   |                                            |   |   |   |
|        Forfeited                or cancelled |   |       | (11,000 | )      |                                               |   | 13.82                                                          |   |                                            |   |   |   |
|    Outstanding                at September 30, 2007              |   |       | 876,000 |   |                                               | $      | 13.17                                                          |   |  6.2                yrs.                   |   | $ | 2,304,000 |   |
| **   **Exercisable                at September 30, 2007          |   |       | 631,000 |   |                                               | $      | 12.79                                                          |   |  5.7                yrs.                   |   | $ | 2,140,000 |   |
|    Unvested                at September 30, 2007                 |   |       | 245,000 |   |                                               | $      | 14.15                                                          |   |  7.5                yrs.                   |   | $ | 166,000 |   |
|    Expected                to vest at September 30, 2007         |   |       | 216,000 |   |                                               | $      | 14.16                                                          |   |  7.4                yrs.                   |   | $ | 155,000 |   |

----

|   | (1) | No                options were granted during the three months ended September 30,                2007. |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|    **Non-Vested                Shares:** |   | **Shares** |   |   | **Weighted****Average****Grant-Date**** Fair                Value** |   |
|---------------------------------------------------------|--------|------------|--------|--------|--------------------------------------------------------------------------|--------|
| Non-vested                at June 30, 2007              |   |       | 50,230 |   |                                                                     | $      | 13.68 |   |
| Granted                                                 |   |       | -      |   |                                                                     |   | - |   |
| Vested                                                  |   |       | (9,815 | )      |                                                                     |   | 13.63 |   |
| Forfeited                or                Cancelled    |   |       | -      |   |                                                                     |   | - |   |
| Non-vested                at September 30, 2007         |   |       | 40,415 |   |                                                                     | $      | 13.69 |   |

----

|   | *Concentrations* |
|--------|------------------|

*Comprehensive      Income*

*Goodwill      and Other Intangible Assets*

*Goodwill and Other Intangible Assets*

----

|                                                                                                                             |   | **Coins** |   |   | **CGAL****including                Gemprint** |   |   | **AGL** |   |   | **Expos** |   |   | **CCE****and                Other** |   |   | **Total** |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-----------|--------|--------|-----------------------------------------------|--------|--------|---------|--------|--------|-----------|--------|--------|-------------------------------------|--------|--------|-----------|--------|
| Goodwill:                                                                                                                        |   |      |   |   |                                          |   |   |    |   |   |      |   |   |                                |   |   |      |   |
| Balance                at June 30, 2007                                                                                          |   | $         | 515    |   |                                          | $      | 8,168  |    |   | $      | 2,083     |   |   | $                                   | 1,001  |   |      | $      | 1,117 |   |   | $ | 12,884 |   |
| Purchase                price adjustment since                June 30, 2007:                                                     |   |      |   |   |                                          |   |   |    |   |   |      |   |   |                                |   |   |      |   |   |   |   |   |   |   |
| CCE                                                                                                                              |   |      | -      |   |                                          |   | -      |    |   |   | -         |   |   |                                | -      |   |      |   | (5 | ) |   |   | (5 | ) |
| Balance                at September 30, 2007                                                                                     |   | $         | 515    |   |                                          | $      | 8,168  |    |   | $      | 2,083     |   |   | $                                   | 1,001  |   |      | $      | 1,112 |   |   | $ | 12,879 |   |
|                                                                                                                             |   |      |   |   |                                          |   |   |    |   |   |      |   |   |                                |   |   |      |   |   |   |   |   |   |   |
| Intangible                Assets, Net:                                                                                           |   |      |   |   |                                          |   |   |    |   |   |      |   |   |                                |   |   |      |   |   |   |   |   |   |   |
| Balance                at June 30, 2007                                                                                          |   | $         | 412    |   |                                          | $      | 4,013  |    |   | $      | 2,916     |   |   | $                                   | 1,700  |   |      | $      | 1,324 |   |   | $ | 10,365 |   |
| Capitalized                software costs                                                                                        |   |      | -      |   |                                          |   | 111    |    |   |   | -         |   |   |                                | -      |   |      |   | 250 |   |   |   | 361 |   |
| Less:                amortization for three                months    ended                September 30, 2007 |   |      | (38    | )      |                                          |   | (124   | )       |   |   | (28       | )      |   |                                | (28    | )      |      |   | (52 | ) |   |   | (270 | ) |
| Balance                at September 30,                2007                                                                      |   | $         | 374    |   |                                          | $      | 4,000  |    |   | $      | 2,888     |   |   | $                                   | 1,672  |   |      | $      | 1,522 |   |   | $ | 10,456 |   |

| 2008                (for Q2-Q4) |   | $ | 976,000   |   |
|---------------------------------|--------|---|-----------|--------|
| 2009                            |   | $ | 1,376,000 |   |
| 2010                            |   | $ | 1,364,000 |   |
| 2011                            |   | $ | 981,000   |   |
| 2012                            |   | $ | 563,000   |   |

*Stock      Buyback*

*Dividends*

*Capitalized      Software*

----

|                                                                     |   | **Three                Months Ended****September                30,** |   |
|--------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                                     |   | **2007**                                                              |   |   | **2006** |   |
| Revenue                                                                  |   | $                                                                     | 10,825 |   |   | $ | 9,975 |   |
| Operating                income (loss)                                   |   |                                                                  | (611   | ) |   |   | 99 |   |
| Interest                income, net                                      |   |                                                                  | 444    |   |   |   | 546 |   |
| Other                income                                              |   |                                                                  | 1      |   |   |   | 4 |   |
| Income                (loss) before provision (benefit) for income taxes |   |                                                                  | (166   | ) |   |   | 649 |   |
| Provision                (benefit) for income taxes                      |   |                                                                  | (66    | ) |   |   | 297 |   |
| Income                (loss) from continuing operations                  |   |                                                                  | (100   | ) |   |   | 352 |   |
| Income                (loss) from discontinued operations                |   |                                                                  | (10    | ) |   |   | 11 |   |
| Net                income (loss)                                         |   | $                                                                     | (110   | ) |   | $ | 363 |   |
|                                                                     |   |                                                                  |   |   |   |   |   |   |
| Net                income (loss) per diluted share:                      |   |                                                                  |   |   |   |   |   |   |
| Income                (loss) from continuing                operations   |   | $                                                                     | (0.01  | ) |   | $ | 0.04 |   |
| Income                (loss) from discontinued                operations |   | $                                                                     | -      |   |   | $ | - |   |
| Net                income                (loss)                          |   | $                                                                     | (0.01  | ) |   | $ | 0.04 |   |

----

| 4.   |     INVENTORIES |
|----------------|-------------------------------------|

| Inventories                consist of the following:                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | (in                thousands) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | **September                30,** |   |   | **June                30,** |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | **2007** |   |   | **2007** |   |
| Coins                                                                                                                |   | $ | 265 |   |   | $ | 253 |   |
| Other                collectibles                                                                                    |   |   | 36 |   |   |   | 33 |   |
| Grading                raw materials consumable inventory                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 226 |   |   |   | 247 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 527 |   |   |   | 533 |   |
| Less                inventory                reserve                                                                 |   |   | (101 | ) |   |   | (91 | ) |
| Inventories,                net                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $ | 426 |   |   | $ | 442 |   |

| Property                and equipment consist of the following:                                                                                                                                                                                                                                                                                                                                                          |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (in                thousands) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | **September                30,** |   |   | **June                30,** |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   | **2007** |   |   | **2007** |   |
| Coins                and stamp grading reference sets                                                                                                                                                                                                                                                                                                                                                                    |   | $ | 354 |   |   | $ | 222 |   |
| Computer                hardware and equipment                                                                                                                                                                                                                                                                                                                                                                           |   |   | 1,678 |   |   |   | 1,664 |   |
| Computer                software                                                                                       |   |   | 1,030 |   |   |   | 1,027 |   |
| Equipment                                                                                                              |   |   | 3,556 |   |   |   | 3,366 |   |
| Furniture                and office                equipment                                                           |   |   | 1,089 |   |   |   | 1,064 |   |
| Leasehold                improvements                                                                                  |   |   | 1,449 |   |   |   | 1,452 |   |
| Trading                card reference                library                                                           |   |   | 52 |   |   |   | 52 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 9,208 |   |   |   | 8,847 |   |
| Less                accumulated depreciation and amortization                                                                                                                                                                                                                                                                                                                                                            |   |   | (5,067 | ) |   |   | (4,766 | ) |
| Property                and equipment, net                                                                                                                                                                                                                                                                                                                                                                               |   | $ | 4,141 |   |   | $ | 4,081 |   |

| Accrued                liabilities consist of the following: |   | (in                thousands)    |   |
|--------------------------------------------------------------|--------|----------------------------------|--------|
|                                                         |   | **September                30,** |   |   | **June                30,** |   |
|                                                         |   | **2007**                         |   |   | **2007** |   |
| Warranty                costs                                |   | $                                | 763    |   |   | $ | 735 |   |
| Professional                fees                             |   |                             | 227    |   |   |   | 183 |   |
| Other                                                        |   |                             | 1,140  |   |   |   | 1,236 |   |
|                                                         |   | $                                | 2,130  |   |   | $ | 2,154 |   |

|                                                 |   | (in                thousands)                                         |   |
|------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                 |   | **Three                Months Ended****September                30,** |   |
|                                                 |   | **2007**                                                              |   |   | **2006** |   |
| Warranty                reserve, beginning of period |   | $                                                                     | 735    |   |   | $ | 710 |   |
| Charged                to cost of revenue            |   |                                                                  | 107    |   |   |   | 121 |   |
| Payments                                             |   |                                                                  | (79    | ) |   |   | (83 | ) |
| Warranty                reserve, end of period       |   | $                                                                     | 763    |   |   | $ | 748 |   |

----

| 7.   |           DISCONTINUED                OPERATIONS |
|----------------|----------------------------------------------------------------------------------------------------|

|                                                          |   | (in                thousands)                                               |   |
|---------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|
|                                                          |   | **Three                Months Ended**** September                30,** |   |
|                                                          |   | **2007**                                                                    |   |   | **2006** |   |
| Net                revenues                                   |   | $                                                                           | 4      |   |   | $ | 3 |   |
|                                                          |   |                                                                        |   |   |   |   |   |   |
| Income                (loss)                                  |   |                                                                        | (17    | ) |   |   | 11 |   |
| Gain                on sale of discontinued businesses        |   |                                                                        | -      |   |   |   | 6 |   |
|                                                          |   |                                                                        | (17    | ) |   |   | 17 |   |
| Income                tax expense (benefit)                   |   |                                                                        | (7     | ) |   |   | 6 |   |
| Net                income (loss) from discontinued operations |   | $                                                                           | (10    | ) |   | $ | 11 |   |

| 8.   | INCOME                TAXES |
|----------------|-----------------------------|

|   |                                Income tax benefit or expense was provided for at rates of 40% and                45% for                the three-month periods ended September 30, 2007 and September 30,                2006,                respectively.  The decreased effective tax rate for the three                months ended September 30, 2007, as compared to the same three month                period in 2006, reflects an anticipated favorable tax impact in fiscal                year 2008 due to the Company’s decision in the first quarter of 2008 to                invest approximately $32.6 million in a tax-free municipal money-market                fund.  Following the adoption of SFAS No. 123(R) in fiscal 2006,                the recognition of stock-based compensation has had a generally adverse                effect on the effective tax rates due to the non-deductibility of                certain                stock-based compensation expense. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Accounting for      Uncertainty in      Income Taxes*

*–An      Interpretation of FASB      Statement No. 109*

----

*Earnings Per Share*

|                                                                                                                                                           |   | (In                thousands,except                share data)        |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|
|                                                                                                                                                           |   | **Three                Months Ended****September                30,** |   |
|                                                                                                                                                           |   | **2007**                                                              |   |   | **2006** |   |
| Income                (loss) from continuing operations                                                                                                        |   | $                                                                     | (100   | ) |   | $ | 383 |   |
| Income                (loss) from discontinued operations, net of gain on sales of discontinued                businesses (net of income taxes)                |   |                                                                  | (10    | ) |   |   | 11 |   |
| Net                income (loss)                                                                                                                               |   | $                                                                     | (110   | ) |   | $ | 394 |   |
|                                                                                                                                                           |   |                                                                  |   |   |   |   |   |   |
| NET                INCOME (LOSS) PER SHARE – BASIC:                                                                                                      |   |                                                                  |   |   |   |   |   |   |
| Income                (loss) from continuing                operations                                                                                         |   | $                                                                     | (0.01  | ) |   | $ | 0.05 |   |
| Income                (loss) from discontinued                operations, net of gain on sales of discontinued                businesses (net of income taxes) |   |                                                                  | -      |   |   |   | - |   |
| Total                                                                                                                                                          |   | $                                                                     | (0.01  | ) |   | $ | 0.05 |   |
|                                                                                                                                                           |   |                                                                  |   |   |   |   |   |   |
| NET                INCOME (LOSS) PER SHARE – DILUTED:                                                                                                    |   |                                                                  |   |   |   |   |   |   |
| Income                (loss) from continuing                operations                                                                                         |   | $                                                                     | (0.01  | ) |   | $ | 0.04 |   |
| Income                (loss) from discontinued                operations, net of gain on sales of discontinued                businesses (net of income taxes) |   |                                                                  | -      |   |   |   | - |   |
| Total                                                                                                                                                          |   | $                                                                     | (0.01  | ) |   | $ | 0.04 |   |
|                                                                                                                                                           |   |                                                                  |   |   |   |   |   |   |
| WEIGHTED                AVERAGE SHARES OUTSTANDING:                                                                                                            |   |                                                                  |   |   |   |   |   |   |
| Basic                                                                                                                                                          |   |                                                                  | 8,463  |   |   |   | 8,351 |   |
| Effect                of dilutive                shares                                                                                                        |   |                                                                  | -      |   |   |   | 277 |   |
| Diluted                                                                                                                                                        |   |                                                                  | 8,463  |   |   |   | 8,628 |   |

| 10.           | BUSINESS                SEGMENTS |
|-----------------------------------------------------------------|----------------------------------|

*Disclosures About Segments of an Enterprise and Related      Information.*

----

|                                                                     |   | **Three                Months Ended September 30,** |   |
|--------------------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                     |   | **2007**                                            |   |   | **2006** |   |
| Net                revenues from external customers                      |   |                                                |   |   |   |   |
| Coins                                                                    |   | $                                                   | 6,038  |   |   | $ | 5,590 |   |
| Sportscards                                                              |   |                                                | 2,292  |   |   |   | 2,251 |   |
| Jewelry                                                                  |   |                                                | 380    |   |   |   | 241 |   |
| Other                                                                    |   |                                                | 2,115  |   |   |   | 1,816 |   |
| Total                revenue                                             |   | $                                                   | 10,825 |   |   | $ | 9,898 |   |
| Amortization                and depreciation                             |   |                                                |   |   |   |   |   |   |
| Coins                                                                    |   | $                                                   | 56     |   |   | $ | 40 |   |
| Sportscards                                                              |   |                                                | 23     |   |   |   | 21 |   |
| Jewelry                                                                  |   |                                                | 314    |   |   |   | 108 |   |
| Other                                                                    |   |                                                | 98     |   |   |   | 140 |   |
| Total                                                                    |   |                                                | 491    |   |   |   | 309 |   |
| Unallocated                amortization and                depreciation  |   |                                                | 83     |   |   |   | 81 |   |
| Consolidated                amortization and                depreciation |   | $                                                   | 574    |   |   | $ | 390 |   |
| Stock-based                compensation                                  |   |                                                |   |   |   |   |   |   |
| Coins                                                                    |   | $                                                   | 34     |   |   | $ | 49 |   |
| Sportscards                                                              |   |                                                | 5      |   |   |   | 16 |   |
| Jewelry                                                                  |   |                                                | 3      |   |   |   | - |   |
| Other                                                                    |   |                                                | 28     |   |   |   | 37 |   |
| Total                                                                    |   |                                                | 70     |   |   |   | 102 |   |
| Unallocated                stock-based                compensation       |   |                                                | 176    |   |   |   | 98 |   |
| Consolidated                stock-based                compensation      |   | $                                                   | 246    |   |   | $ | 200 |   |
| Operating                income (loss) before unallocated expenses       |   |                                                |   |   |   |   |   |   |
| Coins                                                                    |   | $                                                   | 2,484  |   |   | $ | 2,384 |   |
| Sportscards                                                              |   |                                                | 518    |   |   |   | 439 |   |
| Jewelry                                                                  |   |                                                | (1,810 | ) |   |   | (641 | ) |
| Other                                                                    |   |                                                | 310    |   |   |   | 271 |   |
| Total                                                                    |   |                                                | 1,502  |   |   |   | 2,453 |   |
| Unallocated                operating                expenses             |   |                                                | (2,113 | ) |   |   | (2,323 | ) |
| Consolidated                operating income                (loss)       |   | $                                                   | (611   | ) |   | $ | 130 |   |

|                                                                                                                                                                                                                                                       |   | **At                September 30,** |   |   | **At                June 30,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------|--------------------------------|--------|
| Identifiable                Assets                                                                                                                                                                                                                         |   | **2007**                            |   |   | **2007**                       |   |
| Coins                                                                  |   | $                                   | 2,994  |   |                           | $      | 2,622 |   |
| Sportscards                                                            |   |                                | 506    |   |                           |   | 582 |   |
| Jewelry                                                                |   |                                | 20,471 |   |                           |   | 20,453 |   |
| Other                                                                  |   |                                | 8,820  |   |                           |   | 7,866 |   |
| Total                                                                  |   |                                | 32,791 |   |                           |   | 31,523 |   |
| Unallocated                assets                                      |   |                                | 42,210 |   |                           |   | 46,578 |   |
| Consolidated                assets                                     |   | $                                   | 75,001 |   |                           | $      | 78,101 |   |

----

| 11.                          | LINE                OF CREDIT |
|---------------------------------------------------------------------------|-------------------------------|

| 12.                          | LEGAL                MATTERS |
|----------------------------------------------------------------------|------------------------------|

----

| 13.                          | SUBSEQUENT                EVENT |
|---------------------------------------------------------------------------|---------------------------------|

| **ITEM                2.** | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL                CONDITION **AND                RESULTS OF                OPERATIONS**** |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Forward-Looking      Statements**

----

**Our      Business**

*Recent      Business Acquisitions*

----

*Discontinued      Operations*

**Overview      of Results of Operation for the Quarter Ended September      30, 2007**

|                                                                                                                                                 |   | **Three                Months Ended September 30,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                                                                                                 |   | **2007**                                            |   |   | **2006** |   |
| Net                revenues                                                                                                                          |   |                                                | 100.0  | % |   |   | 100.0 | % |
| Cost                of revenues                                                                                                                      |   |                                                | 48.0   | % |   |   | 44.0 | % |
| Gross                profit                                                                                                                          |   |                                                | 52.0   | % |   |   | 56.0 | % |
| Operating                expenses:                                                                                                                   |   |                                                |   |   |   |   |   |   |
| Selling                and marketing                expenses                                                                                         |   |                                                | 18.7   | % |   |   | 12.8 | % |
| General                and administrative                expenses                                                                                    |   |                                                | 36.4   | % |   |   | 40.2 | % |
| Amortization                of                intangibles                                                                                            |   |                                                | 2.5    | % |   |   | 1.7 | % |
| Total                operating                expenses                                                                                               |   |                                                | 57.6   | % |   |   | 54.7 | % |
| Operating                income (loss)                                                                                                               |   |                                                | (5.6   | %) |   |   | 1.3 | % |
| Interest                income, net                                                                                                                  |   |                                                | 4.1    | % |   |   | 5.7 | % |
| Other                income                                                                                                                          |   |                                                | 0.0    | % |   |   | 0.1 | % |
| Income                (loss) before provision (benefit) for income taxes                                                                             |   |                                                | (1.5   | %) |   |   | 7.1 | % |
| Provision                (benefit) for income taxes                                                                                                  |   |                                                | (0.6   | %) |   |   | 3.2 | % |
| Income                (loss) from continuing operations                                                                                              |   |                                                | (0.9   | %) |   |   | 3.9 | % |
| Income                (loss) from discontinued operations, net of gain on sales                of discontinued businesses (net of income taxes) |   |                                                | (0.1   | %) |   |   | 0.1 | % |
| Net                income (loss)                                                                                                                     |   |                                                | (1.0   | %) |   |   | 4.0 | % |

**Factors      That Can Affect our Financial Position and Operating      Results**

*Factors      that Can Affect our Revenues*

----

*Factors      Affecting our Gross Profit Margins*

*Impact      of Economic Conditions on Financial Performance*

----

|                              |   | **Units                Processed****Three                Months Ended September 30,** |    |   | **Declared                Value (000)****Three                Months Ended September 30,** |   |
|-----------------------------------|--------|---------------------------------------------------------------------------------------|---------|--------|--------------------------------------------------------------------------------------------|--------|
|                              |   | **2007**                                                                              |    |   | **2006**                                                                                   |   |   | **2007** |   |   | **2006** |   |
| Coins                             |   |                                                                                  | 367,100 |   |                                                                                       |   | 47 | % |   |   | 481,300 |   |   |   | 56 | % |   | $ | 333,351 |   |   |   | 80 | % |   | $ | 464,922 |   |   |   | 85 | % |
| Sportscards                       |   |                                                                                  | 338,500 |   |                                                                                       |   | 43 | % |   |   | 321,500 |   |   |   | 37 | % |   |   | 20,534 |   |   |   | 5 | % |   |   | 22,595 |   |   |   | 4 | % |
| Autographs                        |   |                                                                                  | 44,800  |   |                                                                                       |   | 6 | % |   |   | 34,200 |   |   |   | 4 | % |   |   | 5,811 |   |   |   | 1 | % |   |   | 10,475 |   |   |   | 2 | % |
| Stamps                            |   |                                                                                  | 19,700  |   |                                                                                       |   | 2 | % |   |   | 12,300 |   |   |   | 1 | % |   |   | 4,351 |   |   |   | 1 | % |   |   | 3,059 |   |   |   | 1 | % |
| Currency                          |   |                                                                                  | 11,000  |   |                                                                                       |   | 1 | % |   |   | 9,100 |   |   |   | 1 | % |   |   | 9,349 |   |   |   | 2 | % |   |   | 8,442 |   |   |   | 2 | % |
| Diamonds                          |   |                                                                                  | 7,700   |   |                                                                                       |   | 1 | % |   |   | 6,000 |   |   |   | 1 | % |   |   | 31,963 |   |   |   | 8 | % |   |   | 23,209 |   |   |   | 4 | % |
| Colored                Gemstones* |   |                                                                                  | 900     |   |                                                                                       |   | - |   |   |   | 100 |   |   |   | - |   |   |   | 10,986 |   |   |   | 3 | % |   |   | 13,145 |   |   |   | 2 | % |
| Total                             |   |                                                                                  | 789,700 |   |                                                                                       |   | 100 | % |   |   | 864,500 |   |   |   | 100 | % |   | $ | 416,345 |   |   |   | 100 | % |   | $ | 545,847 |   |   |   | 100 | % |

----

**Critical      Accounting Policies and      Estimates**

*Accounting for Uncertainty in      Income Taxes *
*- An Interpretation of FASB Statement No. 109 (“FIN 48”),*

*Income      Taxes.*
*, Accounting for Income Taxes*

----

**Results      of Operations – Quarter Ended September      30, 2007 versu**s**Quarter Ended September 30,      2006**

*Net      Revenues*

|                                           |   | **Three                Months Ended September 30,** |   |
|------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                           |   | **2007**                                            |   |   | **2006** |   |   | **Increase** |   |
|                                           |   | **Amount**                                          |   |   | **%                of Net****Revenues** |   |   | **Amount** |   |   | **%                of Net****Revenues** |   |   | **Amount** |   |   | **%                of Net****Revenues** |   |
|                                           |   | (Dollars                in thousands)               |   |
| Grading                and authentication fees |   | $                                                   | 8,971  |   |   |   | 82.9 | % |   | $ | 8,315 |   |   |   | 84.0 | % |   | $ | 656 |   |   |   | 7.9 | % |
| Other                related services          |   |                                                | 1,854  |   |   |   | 17.1 | % |   |   | 1,583 |   |   |   | 16.0 | % |   |   | 271 |   |   |   | 17.1 | % |
| Total                net revenues              |   | $                                                   | 10,825 |   |   |   | 100.0 | % |   | $ | 9,898 |   |   |   | 100.0 | % |   | $ | 927 |   |   |   | 9.4 | % |

|                     |   | **Three                Months Ended September 30,** |   |
|--------------------------|--------|-----------------------------------------------------|--------|
|                     |   | **2007**                                            |   |   | **2006** |   |   | **2007                vs. 2006** |   |
|                     |   |                                                |   |   |   |   |   |   |   |   |   |   |   | **Increase                (Decrease)** |   |
|                     |   |                                                |   |   | **%                of Net** |   |   |   |   |   | **%                of Net** |   |   | **Revenues** |   |   | **Units                Processed** |   |
|                     |   | **Amount**                                          |   |   | **Revenues** |   |   | **Amount** |   |   | **Revenues** |   |   | **Amounts** |   |   | **Percent** |   |   | **Number** |   |   | **Percent** |   |
|                     |   | (Dollars                in thousands)               |   |   |   |   |   |   |   |
| Coins                    |   | $                                                   | 6,038  |   |   |   | 55.8 | % |   | $ | 5,590 |   |   |   | 56.5 | % |   | $ | 448 |   |   |   | 8.0 | % |   |   | (114,200 | ) |   |   | (23.7 | %) |
| Sportscards              |   |                                                | 2,292  |   |   |   | 21.2 | % |   |   | 2,251 |   |   |   | 22.7 | % |   |   | 41 |   |   |   | 1.8 | % |   |   | 17,000 |   |   |   | 5.3 | % |
| Other                (1) |   |                                                | 2,495  |   |   |   | 23.0 | % |   |   | 2,057 |   |   |   | 20.8 | % |   |   | 438 |   |   |   | 21.3 | % |   |   | 22,400 |   |   |   | 36.3 | % |
|                     |   | $                                                   | 10,825 |   |   |   | 100.0 | % |   | $ | 9,898 |   |   |   | 100.0 | % |   | $ | 927 |   |   |   | 9.4 | % |   |   | (74,800 | ) |   |   | (8.7 | %) |

| (1) | Consists                of autographs, stamps, currency, diamonds and colored gemstones,                CCE                subscription business, our CFC dealer financing business, and our                collectibles convention business. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Gross      Profit*

|                        |   | **Three                Months Ended September 30,** |      |
|-----------------------------|--------|-----------------------------------------------------|-----------|
|                        |   | **2007**                                            |      |   | **2006** |   |
|                        |   | **Amount**                                          |      |   | **%                of Revenues** |   |   | **Amount** |   |   | **%                of Revenues** |   |
| Gross                profit |   | $                                                   | 5,625,000 |   |   |   | 52.0 | % |   | $ | 5,542,000 |   |   |   | 56.0 | % |

*Selling      and Marketing Expenses*

|                                                |   | **Three                Months Ended September 30,** |      |
|-----------------------------------------------------|--------|-----------------------------------------------------|-----------|
|                                                |   | **2007**                                            |      |   | **2006** |   |
|                                                |   | **Amount**                                          |      |   | **%                of Revenues** |   |   | **Amount** |   |   | **%                of Revenues** |   |
| Selling                and                Marketing |   | $                                                   | 2,018,000 |   |   |   | 18.7 | % |   | $ | 1,262,000 |   |   |   | 12.8 | % |

----

*General      and Administrative Expenses*

|                                                     |   | **Three                Months Ended September 30,** |      |
|----------------------------------------------------------|--------|-----------------------------------------------------|-----------|
|                                                     |   | **2007**                                            |      |   | **2006** |   |
|                                                     |   | **Amount**                                          |      |   | **%                of Revenues** |   |   | **Amount** |   |   | **%                of Revenues** |   |
| General                and                Administrative |   | $                                                   | 3,948,000 |   |   |   | 36.4 | % |   | $ | 3,979,000 |   |   |   | 40.2 | % |

*Amortization      of Intangible Assets*

|                                                      |   | **Three                Months Ended September 30,** |    |
|-----------------------------------------------------------|--------|-----------------------------------------------------|---------|
|                                                      |   | **2007**                                            |    |   | **2006** |   |
|                                                      |   | **Amount**                                          |    |   | **%                of Revenues** |   |   | **Amount** |   |   | **%                of Revenues** |   |
| Amortization                of                Intangibles |   | $                                                   | 270,000 |   |   |   | 2.5 | % |   | $ | 171,000 |   |   |   | 1.7 | % |

----

*Stock-Based      Compensation*

|                                               |   | **Three                Months Ended September 30,** |    |
|----------------------------------------------------|--------|-----------------------------------------------------|---------|
|                                               |   | **2007**                                            |    |   | **2006** |   |
| Included                in:                        |   |                                                |    |   |   |   |
| Cost                of revenues                    |   | $                                                   | 61,000  |   |   | $ | 76,000 |   |
| Selling                and marketing expenses      |   |                                                | (7,000  | ) |   |   | 1,000 |   |
| General                and administrative expenses |   |                                                | 192,000 |   |   |   | 123,000 |   |
|                                               |   | $                                                   | 246,000 |   |   | $ | 200,000 |   |

*Interest      Income, Net*

|                                               |   | **Three                Months Ended September 30,** |    |
|----------------------------------------------------|--------|-----------------------------------------------------|---------|
|                                               |   | **2007**                                            |    |   | **2006** |   |
|                                               |   | **Amount**                                          |    |   | **%                of Revenues** |   |   | **Amount** |   |   | **%                of Revenues** |   |
| Interest                income,                net |   | $                                                   | 444,000 |   |   |   | 4.1 | % |   | $ | 567,000 |   |   |   | 5.7 | % |

*Income      Tax (Benefit) Expense*

|                                        |   | **Three                Months Ended September 30,** |    |
|---------------------------------------------|--------|-----------------------------------------------------|---------|
|                                        |   | **2007**                                            |    |   | **2006** |   |
| Income                tax expense (benefit) |   | $                                                   | (66,000 | ) |   | $ | 318,000 |   |

----

*Discontinued Operations*

|                                                                                                                                                            |   | **Three                Months Ended September 30,** |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|---------|
|                                                                                                                                                            |   | **2007**                                            |    |   | **2006** |   |
| Income                (loss) from discontinued operations, net                of gain on sales of discontinued businesses                (net of income taxes). |   | $                                                   | (10,000 | ) |   | $ | 11,000 |   |

**Liquidity      and Capital Resources**

*Bank      Line of Credit*

----

*Outstanding      Financial Obligations*

| Fiscal                Year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|
| 2008       (remaining                9 months)                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 1,357,000 |   |
| 2009                                                                                    |   |   | 1,804,000 |   |
| 2010                                                                                    |   |   | 899,000   |   |
| 2011                                                                                    |   |   | 433,000   |   |
| 2012                                                                                    |   |   | 415,000   |   |
| Thereafter                                                                                   |   |   | 1,386,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $      | 6,294,000 |   |

*Dividends*

*Future      *
*Uses and Sources of Cash*

**Risks      and Uncertainties That Could Affect Our Future Financial      Performance**

| ·   | changes                in general economic conditions or changes in conditions in the                collectibles or high-value assets markets in which we operate, such                as a                possible decline in the popularity of some high-value collectibles                or                assets, either of which could reduce the volume of authentication                and                grading submissions and, therefore, the grading fees we                generate; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | a                lack of diversity in our sources of revenues and, more particularly,                our                dependence on collectible coin authentication and grading for a                significant percentage of our total revenues, which makes us more                vulnerable to adverse changes in economic conditions, including declines                in the value of precious metals or recessionary or other conditions                that                could lead to reduced coin and other collectibles submissions that                would,                in turn, result in reductions in our revenues and                income; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our                dependence on certain key executives and collectibles experts, the                loss of                the services of any of which could adversely affect our ability to                obtain                authentication and grading submissions and, therefore, could harm                our                operating results; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                fact that for the fiscal year ended June 30, 2007 and the three months                ended September 30, 2007, our top 5 coin authentication and grading                customers accounted for approximately 14% of our net revenues, which                means                that the loss of any of those customers, or a reduction in their                grading                submissions to us, would result in a decline in our revenues and                a                reduction in our operating income; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | increased                competition from other collectibles’ authentication and grading companies                that could result in reductions in collectibles submissions to us                or could                require us to reduce the prices we charge for our services, either                of                which could result in reductions in our revenue and                income; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                risk that we will incur unanticipated liabilities under our authentication                and grading warranties that would increase our operating                expenses; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                risk that new collectibles service offerings and business initiatives,                such as autograph, stamp and paper currency grading services, diamonds                and                colored gemstones, and our dealer financing program, will not gain                market                acceptance or will be unsuccessful and will, as a result, increase                our                operating expenses and reduce our overall profitability or cause                us to                incur losses; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                risks involved in acquiring existing or commencing new authentication                and                grading businesses, including the risks that we will be unable to                successfully integrate new businesses into our operations; that our                new                businesses (in particular our diamond and colored gemstones businesses)                may not gain market acceptance; that business expansion may result                in a                costly diversion of management time and resources from our existing                businesses and increase our operating expenses; that acquisition-related                goodwill and intangible assets may become impaired, which could adversely                impact our financial statements and results of operations; and that                we                will not achieve adequate returns on the investments we may make                in                acquiring other or establishing new businesses, any of which would                harm                our profitability or cause us to incur                losses; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                risks that we will encounter problems with or failures of our computer                systems that would interrupt our services or result in loss of data                that                we need for our business; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the                potential of increased government regulation of our businesses that                could                cause operating costs to increase. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

** **

----

**ITEM      2A.     QUANTITATIVE AND QUALITATIVE      DISCLOSURES ABOUT MARKET RISK**

**ITEM      3.        CONTROLS AND      PROCEDURES**

----

**PART      II – OTHER INFORMATION**

| **ITEM                1.** | **LEGAL                PROCEEDINGS** |
|----------------------------|--------------------------------------|

----

| **ITEM                1A.** | **RISK                FACTORS** |
|-----------------------------|---------------------------------|

**ITEM      2.    UNREGISTERED SALES OF SECURITIES AND USE      OF PROCEEDS**

| **ITEM                6.** | **EXHIBITS** |
|----------------------------|--------------|

| (a)    | Exhibits:                   |                                                                                                                                      |
|--------|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|
|   |                        |                                                                                                                                      |
|   | Exhibit                31.1 | Certification                of Chief Executive Officer Under Section 302 of the Sarbanes-Oxley                Act of                2002 |
|   |                        |                                                                                                                                      |
|   | Exhibit                31.2 | Certification                of Chief Financial Officer Under Section 302 of the Sarbanes-Oxley                Act of                2002 |
|   |                        |                                                                                                                                      |
|   | Exhibit                32.1 | Chief                Executive Officer Certification Under Section 906 of the Sarbanes-Oxley                Act of 2002                   |
|   |                        |                                                                                                                                      |
|   | Exhibit                32.2 | Chief                Financial Officer Certification Under Section 906 of the Sarbanes-Oxley                Act of 2002                   |

----

**SIGNATURES**

|                                                                                                   |   | **COLLECTORS                UNIVERSE, INC.** |
|--------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|
|                                                                                                   |   |                                         |
| Date:           November                8, 2007 |   | /s/                MICHAEL R. HAYNES         |
|                                                                                                   |   | Michael                R. Haynes             |
|                                                                                                   |   | Chief                Executive Officer       |

|                                                                                                   |   | **COLLECTORS                UNIVERSE, INC.** |
|--------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|
|                                                                                                   |   |                                         |
| Date:           November                8, 2007 |   | /s/                JOSEPH J. WALLACE         |
|                                                                                                   |   | Joseph                J. Wallace             |
|                                                                                                   |   | Chief                Financial Officer       |

----

|   | **INDEX                TO                EXHIBITS** |
|--------|-----------------------------------------------------|

| **Number**                  | **Description**                                                                                                                           |
|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|
|                        |                                                                                                                                      |
| Exhibit                31.1 | Certification                of Chief Executive Officer Under Section 302 of the Sarbanes-Oxley                Act of                2002 |
|                        |                                                                                                                                      |
| Exhibit                31.2 | Certification                of Chief Financial Officer Under Section 302 of the Sarbanes-Oxley                Act of                2002 |
|                        |                                                                                                                                      |
| Exhibit                32.1 | Chief                Executive Officer Certification Under Section 906 of the Sarbanes-Oxley                Act of 2002                   |
|                        |                                                                                                                                      |
| Exhibit                32.2 | Chief                Financial Officer Certification Under Section 906 of the Sarbanes-Oxley                Act of 2002                   |
|                        |                                                                                                                                      |

----