FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

EXHIBIT 10.30.1

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “First Amendment”), is dated as of October 1, 2003, by and between COLLECTORS UNIVERSE, INC., a Delaware Corporation (the “Company” or “CUI”), and MICHAEL HAYNES (Executive”), with reference to the following:

R E C I T A L S:

A. Executive is employed as Chief Executive Officer of the Company under an Employment Agreement dated as of January 1, 2003 (the “Employment Agreement”) between the Company and Executive; and

B. The parties desire to amend the Employment Agreement in the manner and to the extent set forth hereinafter in this First Amendment.

A G R E E M E N T

NOW, THEREFORE, in consideration of the respective promises of each party made to the other in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged by each of the parties, it is agreed as follows:

1. Extension of the Term of Employment. The term of Executive’s employment under the Employment Agreement, as set forth in Section 5.1 thereof, is hereby extended and shall continue to December 31, 2004, unless Executive’s employment is either (i) sooner terminated pursuant to any of the provisions set forth in Sections 5.2 through 5.7 of Employment Agreement, or (ii) further extended by mutual written agreement of the parties.

2. Base Annual Salary. Executive’s base salary, as set forth in Section 3.1 of the Employment Agreement, is increased, effective as of October 1, 2003, to Two Hundred Seventy Five Thousand Dollars ($275,000) per year.