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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): February 27, 2006

                            COLLECTORS UNIVERSE, INC.
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             (Exact name of registrant as specified in its charter)

                Delaware                  0-27887               33-0846191
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    (State or other jurisdiction       (Commission            (IRS Employer
          of incorporation)            File Number)        Identification No.)

     1921 E. Alton Avenue, Santa Ana, California                   92705
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       (Address of principal executive offices)                  (Zip Code)

       Registrant's telephone number, including area code: (949) 567-1234

                                       N/A
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]   Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange
      Act (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

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ITEM 7.01   REGULATION FD DISCLOSURE

        On February 27, 2006, Collectors Universe, Inc.'s diamond grading
division Gem Certification & Appraisal Lab (GCAL) executed an agreement to
become the exclusive grading lab for Cushette(R) diamonds. Cushette(R) is the
registered trademark of VisionCut.

        A copy of the press release announcing this acquisition is attached as
Exhibit 99.1 to the Current Report on Form 8-K.

        In accordance with General Instruction B-2 of Form 8-K, the information
in this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being
furnished and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS.

         (d)    Exhibits.

          EXHIBIT NO.                         DESCRIPTION
          -----------    -------------------------------------------------------
             99.1        Press Release of Collectors Universe, Inc. issued
                         February 28, 2006 announcing that GCAL, the diamond
                         grading division of Collectors Universe, has executed
                         an agreement to become the exclusive grading lab for
                         Cushette(R) diamonds

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                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                                     COLLECTORS UNIVERSE, INC.

Dated: February 28, 2006                             By: /s/ JOE J. WALLACE
                                                         -----------------------
                                                         Joe J. Wallace,
                                                         Chief Financial Officer

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                                  EXHIBIT INDEX

EXHIBIT NO.                              DESCRIPTION
-----------   -----------------------------------------------------------------
   99.1       Press Release of Collectors Universe, Inc. issued February 28,
              2006 announcing that GCAL, the diamond grading division of
              Collectors Universe, has executed an agreement to become the
              exclusive grading lab for Cushette(R) diamonds

                                        4