SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

EXHIBIT 10.30.2

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

This SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Second Amendment”), is dated as of November 1, 2004, by and between COLLECTORS UNIVERSE, INC., a Delaware Corporation (the “Company” or “CUI”), and MICHAEL R. HAYNES (Executive”), with reference to the following:

R E C I T A L S:

A. Executive is employed as Chief Executive Officer (the “CEO”) of the Company under an Employment Agreement entered into by him with the Company as of January 1, 2003 (the “Employment Agreement”) and amended as of October 1, 2003 by that certain First Amendment to Employment Agreement (the “First Amendment”); and

B. The parties desire to further amend the Employment Agreement, as heretofore amended by the First Amendment, in the manner and to the extent set forth hereinafter in this Second Amendment in order (i) to extend the term of Executive’s employment with the Company to December 31, 2005 and (ii) to document an increase in Executive’s base salary which was approved by the Compensation Committee of the Company’s Board of Directors, and became effective, as of May 13, 2004.

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 and sufficiency 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 amended by the First Amendment, is hereby extended and shall continue to December 31, 2005, unless the Executive’s employment is either (i) sooner terminated pursuant to the provisions of any of Sections 5.2 through 5.7 (inclusive) of the Employment Agreement, or (ii) further extended by mutual written agreement of the parties.