Collectors Universe (CLCT) 10-Q 2 Nov 16 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document Information [Line Items]
Entity Registrant Name	COLLECTORS UNIVERSE INC
Entity Central Index Key	1,089,143
Trading Symbol	clct
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		8,898,104
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 10,344,000	$ 11,967,000
Accounts receivable, net of allowance of $45 and $35 at September 30, 2016 and June 30, 2016, respectively	3,464,000	3,883,000
Inventories, net	2,070,000	1,835,000
Prepaid expenses and other current assets	1,219,000	1,273,000
Total current assets	17,097,000	18,958,000
Property and equipment, net	3,019,000	2,839,000
Goodwill	2,083,000	2,083,000
Intangible assets, net	1,734,000	1,762,000
Deferred income tax assets	2,229,000	2,229,000
Other assets	296,000	240,000
Non-current assets of discontinued operations	79,000	79,000
Total assets	26,537,000	28,190,000
Current liabilities:
Accounts payable	2,685,000	2,728,000
Accrued liabilities	2,491,000	2,491,000
Accrued compensation and benefits	2,375,000	3,414,000
Income taxes payable	1,622,000	782,000
Deferred revenue	2,560,000	2,563,000
Current liabilities of discontinued operations	628,000	619,000
Total current liabilities	12,361,000	12,597,000
Deferred rent	361,000	381,000
Non-current liabilities of discontinued operations	102,000	217,000
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $.001 par value; 3,000 shares authorized; no shares issued or outstanding
Common stock, $.001 par value; 20,000 shares authorized; 8,898 issued and outstanding at both September 30, 2016 and June 30, 2016.	9,000	9,000
Additional paid-in capital	80,744,000	80,642,000
Accumulated deficit	(67,040,000)	(65,656,000)
Total stockholders’ equity	13,713,000	14,995,000
Total liabilities and stockholders’ equity	$ 26,537,000	$ 28,190,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Account receivable, allowance	$ 45,000	$ 35,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	8,898,000	8,898,000
Common stock, shares outstanding (in shares)	8,898,000	8,898,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Net revenues	[1]	$ 15,748	$ 14,618
Cost of revenues		6,138	5,147
Gross profit		9,610	9,471
Operating Expenses:
Selling and marketing expenses		2,422	2,169
General and administrative expenses		4,414	4,107
Total operating expenses		6,836	6,276
Operating income		2,774	3,195
Interest and other income, net		24	(26)
Income before provision for income taxes		2,798	3,169
Provision for income taxes		1,210	1,226
Income from continuing operations		1,588	1,943
Loss from discontinued operations, net of income taxes		(7)	(12)
Net income		$ 1,581	$ 1,931
Net income per basic share
Income from continuing operations (in dollars per share)		$ 0.19	$ 0.23
Income (loss) from discontinued operations (in dollars per share)
Net income (in dollars per share)		0.19	0.23
Net income per diluted share
Income from continuing operations (in dollars per share)		0.19	0.23
Income (loss) from discontinued operations (in dollars per share)		(0.01)
Net income (in dollars per share)		$ 0.18	$ 0.23
Weighted average shares outstanding
Weighted average shares outstanding: Basic (in shares)		8,474	8,434
Weighted average shares outstanding: Diluted (in shares)		8,561	8,534
Dividends declared per common share (in dollars per share)		$ 0.35	$ 0.35
[1]	Includes revenues of $5.0 million, $4.1 million, and $3.8 million, generated outside the United States in fiscal years 2016, 2015 and 2014, respectively.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,581,000	$ 1,931,000
Discontinued operations	7,000	12,000
Income from continuing operations	1,588,000	1,943,000
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization expense	420,000	341,000
Stock-based compensation expense	102,000	151,000
Provision for bad debts	11,000	1,000
Provision for inventory write-down	22,000	9,000
Provision for warranty	174,000	107,000
Gain on sale of property and equipment	5,000	(4,000)
Change in operating assets and liabilities:
Accounts receivable	408,000	(182,000)
Inventories	(257,000)	(168,000)
Prepaid expenses and other	55,000	10,000
Other assets	(57,000)	(111,000)
Accounts payable and accrued liabilities	(199,000)	(55,000)
Accrued compensation and benefits	(1,039,000)	(1,829,000)
Income taxes payable	840,000	1,054,000
Deferred revenue	(3,000)	(236,000)
Deferred rent	(20,000)	(12,000)
Net cash provided by operating activities of continuing operations	2,050,000	1,019,000
Net cash used in operating activities of discontinued businesses	(122,000)	(157,000)
Net cash provided by operating activities	1,928,000	862,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(439,000)	(188,000)
Capitalized software	(172,000)	(202,000)
Patents and other intangibles	39,000	(20,000)
Proceeds from sale of business	5,000	3,000
Net cash used in investing activities	(567,000)	(407,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid to common stockholders	(2,984,000)	(3,046,000)
Net cash used in financing activities	(2,984,000)	(3,046,000)
Net decrease in cash and cash equivalents	(1,623,000)	(2,591,000)
Cash and cash equivalents at beginning of period	11,967,000	17,254,000
Cash and cash equivalents at end of period	10,344,000	14,663,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid during the period
Income taxes paid during the period	$ 369,000	$ 165,000

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. SUMMARY OF Significant Accounting Policies Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of Collectors Universe, Inc. and its operating subsidiaries (the “Company”, “we”, “us”, or “our”). At September 30, 2016, our operating subsidiaries were Certified Asset Exchange, Inc. (“CAE”), Collectors Universe (Hong Kong) Limited, Collectors Universe (Shanghai) Limited, and Expos Unlimited, Inc. (“Expos”), all of which are ultimately 100% owned by Collectors Universe, Inc. All significant intercompany transactions and accounts have been eliminated in consolidation. Unaudited Interim Financial Information The accompanying interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These interim condensed consolidated financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, and Condensed Consolidated Statements of Cash Flows for the periods presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Operating results for the three months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017 or for any other interim period during such year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2016, (our “Fiscal 2016 10-K”), which we filed with the SEC on August 30, 2016. Amounts related to disclosure of June 30, 2016 balances within these interim condensed consolidated financial statements were derived from the aforementioned audited consolidated financial statements and the notes thereto. Reclassification s Certain prior period amounts have been reclassified to conform to the current period presentation. Revenue Recognition Policies We record revenue at the time of shipment of the authenticated and graded collectible to the customer, net of any taxes collected. Due to the insignificant delay between the completion of our grading and authentication services and the shipment of the collectible or high-value asset back to the customer, the time of shipment corresponds to the completion of our authentication and grading services. We recognize revenue for the sale of special coin inserts at the time the customer takes legal title to the insert. Many of our authentication and grading customers prepay our authentication and grading fees when they submit their collectibles to us for authentication and grading. We record those prepayments as deferred revenue until the collectibles have been authenticated and graded and shipped back to them. At that time, we record the revenues from the authentication and grading services we have performed for the customer and deduct this amount from deferred revenue. For certain dealers to whom we extend open account privileges, we record revenue at the time of shipment of the authenticated and graded collectible to the dealer. With respect to our Expos trade show business, we recognize revenue from each show in the period in which it takes place. A portion of our net revenues are comprised of subscription fees paid by customers for one year memberships in our Collectors Club. Those membership subscription fees entitle members to access our on-line and printed publications and, in some cases, to receive limited life vouchers for free grading services. We recognize revenue attributable to free grading vouchers on a specific basis and classify those revenues as part of grading and authentication fees. The balance of the membership fee is recognized over the life of the membership on a time-apportioned basis. We recognize product sales when collectibles sold by us are shipped to customers. Product revenues consist primarily of collectible coins that we purchase pursuant to our coin authentication and grading warranty program. However, those sales are not considered an integral part of the Company’s ongoing revenue generating activities. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results from continuing and discontinued operations could differ from results expected on the basis of those estimates, and such differences could be material to our future results of operations and financial condition. Examples of such estimates that could be material include determinations made with respect to the capitalization and recovery of software development costs, the valuation of stock-based compensation awards and the timing of the recognition of related stock-based compensation expense, the valuation of coin inventory, the amount and assessment of goodwill for impairment, the sufficiency of warranty reserves, the provision or benefit for income taxes and related valuation allowances, and adjustments to the fair value of remaining lease obligations for our discontinued jewelry businesses. These estimates are discussed in more detail in these notes to Condensed Consolidated Financial Statements and in the Critical Accounting Policies and Estimates section of Item 2, , Goodwill and Other Long-Lived Assets We evaluate the carrying value of goodwill and indefinite-lived intangible assets at least annually, or more frequently if facts and circumstances indicate that impairment may have occurred. Qualitative factors are considered in performing our goodwill impairment assessment, including the significant excess of fair value over carrying value in prior years, and any material changes in the estimated cash flows of the reporting unit. We also evaluate the carrying values of all other tangible and intangible assets for impairment if circumstances indicate that the carrying values of these assets may not be recoverable on the basis of future undiscounted cash flows. We determined that no impairment of goodwill or other long-lived assets existed as of September 30, 2016. Foreign Currency Stock-Based Compensation Expense We recognize share-based compensation attributable to service-based equity grants over the respective service periods based on the grant date fair value of the equity grants. For performance-based equity grants with a financial performance goal, we recognize compensation expense based on the grant date fair value when it becomes probable that we will achieve the financial performance goal. Restricted Stock Awards In connection with the Company’s Long-Term Incentive Plan (“LTIP”) adopted by the Compensation Committee of the Board of Directors in fiscal 2013 and as previously disclosed in our Form 10-K for the year ended June 30, 2016, we did not achieve Performance Goal #2 in fiscal 2016. Nevertheless we still consider it probable that we will achieve that goal prior to the expiration of the LTIP in fiscal 2018. Therefore, we are accruing the remaining stock-based compensation expense for Performance Goal #2 on a prospective basis, through the expected later vesting date. At this time, it is considered too early to determine if the Company will achieve additional Performance Goals beyond Performance Goal #2 in fiscal 2017 or 2018. We will continue to reassess at each reporting date whether it has become probable that any additional performance goals will be achieved and therefore, if any additional restricted shares will vest and if so, additional stock-based compensation expense will be recognized based on the expected vesting period. Stock-based compensation for the three months ended September 30, 2016 was $102,000 as compared to $151,000 for the three months ended September 30, 2015. Concentrations Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Financial Instruments and Cash Balances. Substantially all of our cash is deposited at two FDIC insured financial institutions. We maintained cash due from banks, inclusive of cash in overseas accounts, which exceeded the banks’ FDIC insured deposit limits by approximately $8,286,000 as of September 30, 2016. Accounts Receivable. Coin Revenues Customers. Inventories Our inventories consist primarily of (i) our coin inventories consisting of coins which we purchased pursuant to our coin authentication and grading warranty program and (ii) consumable supplies and special inserts that we use in our continuing authentication and grading businesses. Coin collectibles inventories are recorded at the lower of cost or estimated market value using the specific identification method. Consumable supplies are recorded at the lower of cost (using the first-in first-out method) or market. Inventories are periodically reviewed to identify slow-moving items, and an allowance for inventory loss is recognized, as considered necessary. It is possible that our estimates of market value of collectible coins in inventory could change due to market conditions in the various collectibles markets served by the Company, which could require us to increase that allowance. Capitalized Software We capitalize certain costs incurred in the development and upgrading of our software, either from internal or external sources, as part of intangible assets and amortize these costs on a straight-line basis over the estimated useful life of the software of three years. In the three months ended September 30, 2016, we capitalized approximately $172,000 of software development cost as compared with $202,000 in the three months ended September 30, 2015. In the three months ended September 30, 2016, approximately $104,000 was recorded as amortization expense for capitalized software as compared to $40,000 in the three months ended September 30, 2015. Planning, training, support and maintenance costs incurred either prior to or following the implementation phase of software development projects are recognized as expense in the period in which they occur. We evaluate the carrying value of capitalized software for possible impairment, and, if necessary, an impairment loss is recorded in the period in which any impairment is determined to have occurred. Warranty Costs We offer a limited warranty covering the coins and trading cards that we authenticate and grade. Under the warranty, if any collectible coin or trading card that was previously authenticated and graded by us is later submitted to us for re-grading and either (i) receives a lower grade upon that re-submittal or (ii) is determined not to have been authentic, we will offer to purchase the collectible or, in the alternative, at the customer’s option, pay the difference in value of the item at its original grade, as compared with its lower grade. However, this warranty is voided if the collectible, upon re-submittal to us, is not in the same tamper-resistant holder in which it was placed at the time we last graded it. We accrue for estimated warranty costs based on historical trends and related experience. We monitor the adequacy of our warranty reserves on an ongoing basis for significant claims resulting from resubmissions receiving lower grades, or deemed not to be authentic. Dividends In accordance with the Company’s current quarterly dividend policy, we paid quarterly cash dividends of $0.35 per share of common stock in the first quarter of fiscal 2017. The declaration of cash dividends in the future is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company’s financial performance and its available cash resources, its cash requirements and alternative uses of cash that the Board may conclude would represent an opportunity to generate a greater return on investment for the Company. Recent Accounting Pronouncements In August 2016, FASB issued Accounting Standards Update No, 2016-15 on Statement of Cash Flows-Classification of Certain Cash Receipts and Cash Payments. The updated guidance addresses the following eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The adoption of this guidance is not expected to have a material effect on the Company’s Consolidated Financial Statements and related disclosures. The guidance is effective for fiscal years beginning after December 15, 2017 and interim periods thereafter.

Note 2 - Inventories

Note 2 - Inventories	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Inventory Disclosure [Text Block]	2. INVENTORIES Inventories consist of the following (in thousands): September 30 , June 30, 2016 201 6 Coins $ 438 $ 437 Other collectibles 302 292 Grading raw materials consumable inventory 2,091 1,845 2,831 2,574 Less inventory reserve (761 ) (739 ) Inventories, net $ 2,070 $ 1,835 The inventory reserve represents a valuation allowance on certain items of our coins and other collectibles inventories based upon our review of the current market value of such coins and collectibles. The estimated value of coins can be subjective and can vary depending on market conditions for precious metals, the number of qualified buyers for a particular coin and the uniqueness and special features of a particular coin.

Note 3 - Property and Equipment

Note 3 - Property and Equipment	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	3. PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): September 30, June 30, 2016 2016 Coins and stamp grading reference sets $ 263 $ 263 Computer hardware and equipment 2,827 2,777 Computer software 1,202 1,202 Equipment 5,440 5,134 Furniture and office equipment 1,129 1,116 Leasehold improvements 1,208 1,138 Trading card reference library 52 52 12,121 11,682 Less accumulated depreciation and amortization (9,102 ) (8,843 ) Property and equipment, net $ 3,019 $ 2,839

Note 4 - Accrued Liabilities

Note 4 - Accrued Liabilities	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	4. ACCRUED LIABILITIES Accrued liabilities consist of the following (in thousands): September 30 , June 30, 2016 201 6 Warranty reserves $ 1,010 $ 892 Professional fees 428 484 Other 1,053 1,115 $ 2,491 $ 2,491 The following table presents the changes in the Company’s warranty reserve during the three months ended September 30, 2016 and 2015 (in thousands): Three Months Ended September 30 , 2016 2015 Warranty reserve beginning of period $ 892 $ 1,492 Provision charged to cost of revenues 171 107 Payments (53 ) (137 ) Warranty reserve, end of period $ 1,010 $ 1,462

Note 5 - Discontinued Operation

Note 5 - Discontinued Operations	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	5. DISCONTINUED OPERATIONS During fiscal 2009, the Board of Directors authorized the divesture and sale of the jewelry businesses and the currency grading business, the remaining assets and liabilities of which have been reclassified as assets and liabilities of discontinued operations on the Condensed Consolidated Balance Sheets as of September 30, 2016 and June 30, 2016. The operating results of the discontinued businesses that are included in the accompanying Condensed Consolidated Statements of Operations were not material. The remaining balance of our lease related obligations in connection with the fiscal 2009 disposal of our jewelry business was $582,000 at September 30, 2016, of which $480,000 was classified as a current liability, and $102,000 was classified as a non-current liability in the accompanying condensed consolidated balance sheet at September 30, 2016. We will continue to review and, if necessary, make adjustments to the lease obligation accruals on a quarterly basis.

Note 6 - Income Taxes

Note 6 - Income Taxes	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	6. INCOME TAXES In the three months ended September 30, 2016 and 2015, we recognized provisions for income taxes based upon estimated annual effective tax rates of approximately 43% and 39%, respectively and such provisions include valuation allowances established against losses of foreign subsidiaries.

Note 7 - Net Income Per Share

Note 7 - Net Income Per Share	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	7. NET INCOME PER SHARE The following table presents the changes in the Company’s weighted average shares outstanding for the three months ended September 30, 2016 and 2015 (in thousands): Three Months Ended September 30 , 2016 2015 Weighted average shares outstanding: Basic 8,474 8,434 Dilutive effect of restricted shares 87 100 Weighted average shares outstanding: Diluted 8,561 8,534 A total of 4,000 unvested restricted shares of common stock were excluded from the computation of diluted income per share, in the three months ended September 30, 2016, as they would have been anti-dilutive as compared to 30,000 anti-dilutive restricted shares of common stock in the three months ended September 30, 2015. In addition, approximately 262,000 and 252,000 unvested performance-based restricted shares of common stock were excluded from the computation of diluted earnings per share in the three months ended September 30, 2016 and 2015, respectively, because we had not achieved the related performance goals required for those shares to vest, at those dates.

Note 8 - Business Segments

Note 8 - Business Segments	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	8. BUSINESS SEGMENTS Operating segments are defined as the components or “segments” of an enterprise for which separate financial information is available that is evaluated regularly by the Company’s chief operating decision maker, or decision-making group, in deciding how to allocate resources to and in assessing performance of those components or “segments”. The Company’s chief operating decision-maker is its Chief Executive Officer. The Company’s operating segments are organized based on the respective services that they offer to customers. Similar operating segments have been aggregated to reportable operating segments based on having similar services, types of customers, and other criteria. For our continuing operations, we operate principally in three reportable service segments: coins, trading cards and autographs and other collectibles. Services provided by these segments include authentication, grading, publications, advertising and commission earned subscription-based revenues and product sales. The other collectibles segment is comprised of CCE, Coinflation.com, Collectors.com and our collectibles conventions business. We allocate operating expenses to each service segment based upon each segment’s activity level. The following tables set forth on a segment basis, including a reconciliation with the condensed consolidated financial statements, (i) external revenues, (ii) amortization and depreciation, (iii) stock-based compensation expense, and (iv) operating income for the three months ended September 30, 2016 and 2015, respectively. Net identifiable assets are provided by business segment as of September 30, 2016 and June 30, 2016, respectively (in thousands): Three Months Ended September 30, 2016 2015 Net revenues from external customers: Coins $ 9,971 $ 9,313 Trading cards and autographs 4,439 3,997 Other 1,338 1,308 Total revenue $ 15,748 $ 14,618 Amortization and depreciation: Coins $ 137 $ 139 Trading cards and autographs 56 55 Other 150 97 Total 343 291 Unallocated amortization and depreciation 77 50 Consolidated amortization and depreciation $ 420 $ 341 Stock-based compensation: Coins $ 11 $ 22 Trading cards and autographs 3 3 Other 2 2 Total 16 27 Unallocated stock-based compensation 86 124 Consolidated stock-based compensation $ 102 $ 151 Operating income: Coins $ 2,755 $ 3,273 Trading cards and autographs 1,081 893 Other 295 218 Total 4,131 4,384 Unallocated operating expenses (1,357 ) (1,189 ) Consolidated Operating Income $ 2,774 $ 3,195 September 30, June 30, 2016 201 6 Identifiable Assets: Coins $ 7,890 $ 7,824 Trading cards and autographs 1,420 1,451 Other 3,342 3,360 Total 12,652 12,635 Unallocated assets 13,885 15,555 Consolidated assets $ 26,537 $ 28,190 Goodwill: Coins $ 515 $ 515 Other 1,568 1,568 Consolidated goodwill $ 2,083 $ 2,083

Note 9 - Related-party Transact

Note 9 - Related-party Transactions	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	9. RELATED-PARTY TRANSACTIONS During the three months ended September 30, 2016, an adult member of the immediate family of Mr. David Hall, the President of the Company, paid grading and authentication fees to us of $466,000, as compared with $817,000 for the three months ended September 30, 2015. At September 30, 2016, the amount owed to the Company for these services was approximately $186,000, as compared with $92,000 at June 30, 2016. An associate of Richard Kenneth Duncan Sr., who as of July 2015 was the beneficial owner of approximately 5% of our outstanding shares, paid us grading and authentication fees of $239,000 in the three months ended September 30, 2016, as compared to $333,000 in the same three months of fiscal 2016. At September 30, 2016, the amount owed to the Company for these services was approximately $87,000, compared to $101,000 at June 30, 2016. In each case, these authentication and grading fees were comparable in amount to the fees which we charge, in the ordinary course of our business, for similar authentication and grading services we render to unaffiliated customers.

Note 10 - Contingencies

Note 10 - Contingencies	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Contingencies Disclosure [Text Block]	10. CONTINGENCIES The Company is named from time to time, as a defendant in lawsuits and disputes that arise in the ordinary course of business. We believe that none of the lawsuits or disputes currently pending against the Company is likely to have a material adverse effect on the Company’s financial position or results of operations.

Note 11 - Subsequent Events

Note 11 - Subsequent Events	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	11. SUBSEQUENT EVENTS On October 25, 2016, the Company announced that, in accordance with its dividend policy the Board of Directors had approved a second quarter cash dividend of $0.35 per share of common stock and such dividend will be paid on November 25, 2016 to stockholders of record on November 16, 2016.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of Collectors Universe, Inc. and its operating subsidiaries (the “Company”, “we”, “us”, or “our”). At September 30, 2016, our operating subsidiaries were Certified Asset Exchange, Inc. (“CAE”), Collectors Universe (Hong Kong) Limited, Collectors Universe (Shanghai) Limited, and Expos Unlimited, Inc. (“Expos”), all of which are ultimately 100% owned by Collectors Universe, Inc. All significant intercompany transactions and accounts have been eliminated in consolidation.
Basis of Accounting, Policy [Policy Text Block]	Unaudited Interim Financial Information The accompanying interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These interim condensed consolidated financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, and Condensed Consolidated Statements of Cash Flows for the periods presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Operating results for the three months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017 or for any other interim period during such year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2016, (our “Fiscal 2016 10-K”), which we filed with the SEC on August 30, 2016. Amounts related to disclosure of June 30, 2016 balances within these interim condensed consolidated financial statements were derived from the aforementioned audited consolidated financial statements and the notes thereto.
Reclassification, Policy [Policy Text Block]	Reclassification s Certain prior period amounts have been reclassified to conform to the current period presentation.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Policies We record revenue at the time of shipment of the authenticated and graded collectible to the customer, net of any taxes collected. Due to the insignificant delay between the completion of our grading and authentication services and the shipment of the collectible or high-value asset back to the customer, the time of shipment corresponds to the completion of our authentication and grading services. We recognize revenue for the sale of special coin inserts at the time the customer takes legal title to the insert. Many of our authentication and grading customers prepay our authentication and grading fees when they submit their collectibles to us for authentication and grading. We record those prepayments as deferred revenue until the collectibles have been authenticated and graded and shipped back to them. At that time, we record the revenues from the authentication and grading services we have performed for the customer and deduct this amount from deferred revenue. For certain dealers to whom we extend open account privileges, we record revenue at the time of shipment of the authenticated and graded collectible to the dealer. With respect to our Expos trade show business, we recognize revenue from each show in the period in which it takes place. A portion of our net revenues are comprised of subscription fees paid by customers for one year memberships in our Collectors Club. Those membership subscription fees entitle members to access our on-line and printed publications and, in some cases, to receive limited life vouchers for free grading services. We recognize revenue attributable to free grading vouchers on a specific basis and classify those revenues as part of grading and authentication fees. The balance of the membership fee is recognized over the life of the membership on a time-apportioned basis. We recognize product sales when collectibles sold by us are shipped to customers. Product revenues consist primarily of collectible coins that we purchase pursuant to our coin authentication and grading warranty program. However, those sales are not considered an integral part of the Company’s ongoing revenue generating activities.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results from continuing and discontinued operations could differ from results expected on the basis of those estimates, and such differences could be material to our future results of operations and financial condition. Examples of such estimates that could be material include determinations made with respect to the capitalization and recovery of software development costs, the valuation of stock-based compensation awards and the timing of the recognition of related stock-based compensation expense, the valuation of coin inventory, the amount and assessment of goodwill for impairment, the sufficiency of warranty reserves, the provision or benefit for income taxes and related valuation allowances, and adjustments to the fair value of remaining lease obligations for our discontinued jewelry businesses. These estimates are discussed in more detail in these notes to Condensed Consolidated Financial Statements and in the Critical Accounting Policies and Estimates section of Item 2, ,
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Long-Lived Assets We evaluate the carrying value of goodwill and indefinite-lived intangible assets at least annually, or more frequently if facts and circumstances indicate that impairment may have occurred. Qualitative factors are considered in performing our goodwill impairment assessment, including the significant excess of fair value over carrying value in prior years, and any material changes in the estimated cash flows of the reporting unit. We also evaluate the carrying values of all other tangible and intangible assets for impairment if circumstances indicate that the carrying values of these assets may not be recoverable on the basis of future undiscounted cash flows. We determined that no impairment of goodwill or other long-lived assets existed as of September 30, 2016.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation Expense We recognize share-based compensation attributable to service-based equity grants over the respective service periods based on the grant date fair value of the equity grants. For performance-based equity grants with a financial performance goal, we recognize compensation expense based on the grant date fair value when it becomes probable that we will achieve the financial performance goal. Restricted Stock Awards In connection with the Company’s Long-Term Incentive Plan (“LTIP”) adopted by the Compensation Committee of the Board of Directors in fiscal 2013 and as previously disclosed in our Form 10-K for the year ended June 30, 2016, we did not achieve Performance Goal #2 in fiscal 2016. Nevertheless we still consider it probable that we will achieve that goal prior to the expiration of the LTIP in fiscal 2018. Therefore, we are accruing the remaining stock-based compensation expense for Performance Goal #2 on a prospective basis, through the expected later vesting date. At this time, it is considered too early to determine if the Company will achieve additional Performance Goals beyond Performance Goal #2 in fiscal 2017 or 2018. We will continue to reassess at each reporting date whether it has become probable that any additional performance goals will be achieved and therefore, if any additional restricted shares will vest and if so, additional stock-based compensation expense will be recognized based on the expected vesting period. Stock-based compensation for the three months ended September 30, 2016 was $102,000 as compared to $151,000 for the three months ended September 30, 2015.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Financial Instruments and Cash Balances. Substantially all of our cash is deposited at two FDIC insured financial institutions. We maintained cash due from banks, inclusive of cash in overseas accounts, which exceeded the banks’ FDIC insured deposit limits by approximately $8,286,000 as of September 30, 2016. Accounts Receivable. Coin Revenues Customers.
Inventory, Policy [Policy Text Block]	Inventories Our inventories consist primarily of (i) our coin inventories consisting of coins which we purchased pursuant to our coin authentication and grading warranty program and (ii) consumable supplies and special inserts that we use in our continuing authentication and grading businesses. Coin collectibles inventories are recorded at the lower of cost or estimated market value using the specific identification method. Consumable supplies are recorded at the lower of cost (using the first-in first-out method) or market. Inventories are periodically reviewed to identify slow-moving items, and an allowance for inventory loss is recognized, as considered necessary. It is possible that our estimates of market value of collectible coins in inventory could change due to market conditions in the various collectibles markets served by the Company, which could require us to increase that allowance.
Research, Development, and Computer Software, Policy [Policy Text Block]	Capitalized Software We capitalize certain costs incurred in the development and upgrading of our software, either from internal or external sources, as part of intangible assets and amortize these costs on a straight-line basis over the estimated useful life of the software of three years. In the three months ended September 30, 2016, we capitalized approximately $172,000 of software development cost as compared with $202,000 in the three months ended September 30, 2015. In the three months ended September 30, 2016, approximately $104,000 was recorded as amortization expense for capitalized software as compared to $40,000 in the three months ended September 30, 2015. Planning, training, support and maintenance costs incurred either prior to or following the implementation phase of software development projects are recognized as expense in the period in which they occur. We evaluate the carrying value of capitalized software for possible impairment, and, if necessary, an impairment loss is recorded in the period in which any impairment is determined to have occurred.
Standard Product Warranty, Policy [Policy Text Block]	Warranty Costs We offer a limited warranty covering the coins and trading cards that we authenticate and grade. Under the warranty, if any collectible coin or trading card that was previously authenticated and graded by us is later submitted to us for re-grading and either (i) receives a lower grade upon that re-submittal or (ii) is determined not to have been authentic, we will offer to purchase the collectible or, in the alternative, at the customer’s option, pay the difference in value of the item at its original grade, as compared with its lower grade. However, this warranty is voided if the collectible, upon re-submittal to us, is not in the same tamper-resistant holder in which it was placed at the time we last graded it. We accrue for estimated warranty costs based on historical trends and related experience. We monitor the adequacy of our warranty reserves on an ongoing basis for significant claims resulting from resubmissions receiving lower grades, or deemed not to be authentic.
Stockholders' Equity, Policy [Policy Text Block]	Dividends In accordance with the Company’s current quarterly dividend policy, we paid quarterly cash dividends of $0.35 per share of common stock in the first quarter of fiscal 2017. The declaration of cash dividends in the future is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company’s financial performance and its available cash resources, its cash requirements and alternative uses of cash that the Board may conclude would represent an opportunity to generate a greater return on investment for the Company.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In August 2016, FASB issued Accounting Standards Update No, 2016-15 on Statement of Cash Flows-Classification of Certain Cash Receipts and Cash Payments. The updated guidance addresses the following eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The adoption of this guidance is not expected to have a material effect on the Company’s Consolidated Financial Statements and related disclosures. The guidance is effective for fiscal years beginning after December 15, 2017 and interim periods thereafter.

Note 2 - Inventories (Tables)

Note 2 - Inventories (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following (in thousands): September 30 , June 30, 2016 201 6 Coins $ 438 $ 437 Other collectibles 302 292 Grading raw materials consumable inventory 2,091 1,845 2,831 2,574 Less inventory reserve (761 ) (739 ) Inventories, net $ 2,070 $ 1,835

Note 3 - Property and Equipme19

Note 3 - Property and Equipment (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Property, Plant and Equipment [Table Text Block]	Property and equipment consist of the following (in thousands): September 30, June 30, 2016 2016 Coins and stamp grading reference sets $ 263 $ 263 Computer hardware and equipment 2,827 2,777 Computer software 1,202 1,202 Equipment 5,440 5,134 Furniture and office equipment 1,129 1,116 Leasehold improvements 1,208 1,138 Trading card reference library 52 52 12,121 11,682 Less accumulated depreciation and amortization (9,102 ) (8,843 ) Property and equipment, net $ 3,019 $ 2,839

Note 4 - Accrued Liabilities (T

Note 4 - Accrued Liabilities (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities consist of the following (in thousands): September 30 , June 30, 2016 201 6 Warranty reserves $ 1,010 $ 892 Professional fees 428 484 Other 1,053 1,115 $ 2,491 $ 2,491
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended September 30 , 2016 2015 Warranty reserve beginning of period $ 892 $ 1,492 Provision charged to cost of revenues 171 107 Payments (53 ) (137 ) Warranty reserve, end of period $ 1,010 $ 1,462

Note 7 - Net Income Per Share (

Note 7 - Net Income Per Share (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30 , 2016 2015 Weighted average shares outstanding: Basic 8,474 8,434 Dilutive effect of restricted shares 87 100 Weighted average shares outstanding: Diluted 8,561 8,534

Note 8 - Business Segments (Tab

Note 8 - Business Segments (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, 2016 2015 Net revenues from external customers: Coins $ 9,971 $ 9,313 Trading cards and autographs 4,439 3,997 Other 1,338 1,308 Total revenue $ 15,748 $ 14,618 Amortization and depreciation: Coins $ 137 $ 139 Trading cards and autographs 56 55 Other 150 97 Total 343 291 Unallocated amortization and depreciation 77 50 Consolidated amortization and depreciation $ 420 $ 341 Stock-based compensation: Coins $ 11 $ 22 Trading cards and autographs 3 3 Other 2 2 Total 16 27 Unallocated stock-based compensation 86 124 Consolidated stock-based compensation $ 102 $ 151 Operating income: Coins $ 2,755 $ 3,273 Trading cards and autographs 1,081 893 Other 295 218 Total 4,131 4,384 Unallocated operating expenses (1,357 ) (1,189 ) Consolidated Operating Income $ 2,774 $ 3,195
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	September 30, June 30, 2016 201 6 Identifiable Assets: Coins $ 7,890 $ 7,824 Trading cards and autographs 1,420 1,451 Other 3,342 3,360 Total 12,652 12,635 Unallocated assets 13,885 15,555 Consolidated assets $ 26,537 $ 28,190 Goodwill: Coins $ 515 $ 515 Other 1,568 1,568 Consolidated goodwill $ 2,083 $ 2,083

Note 1 - Summary of Significa23

Note 1 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended
	Sep. 30, 2016USD ($)$ / shares	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Sales Revenue, Services, Net [Member] | Product Concentration Risk [Member] | Coins [Member]
Concentration Risk, Percentage	63.00%	64.00%
Sales Revenue, Services, Net [Member] | Customer Concentration Risk [Member] | Authentication and Grading Services [Member] | Five Customers [Member]
Concentration Risk, Percentage	14.00%	14.00%
Sales Revenue, Services, Net [Member] | Customer Concentration Risk [Member] | Authentication and Grading Services [Member]
Number of Major Customers	5	5
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0	0
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Allocated Share-based Compensation Expense	$ 102,000	$ 151,000
Cash and Cash Equivalents, at Carrying Value	10,344,000	14,663,000	$ 11,967,000	$ 17,254,000
Money Market Funds, at Carrying Value	6,923,000
Other Cash Equivalents, at Carrying Value	3,421,000
Cash	1,205,000
Cash, Uninsured Amount	8,286,000
Allowance for Doubtful Accounts Receivable, Current	45,000		$ 35,000
Capitalized Computer Software, Additions	172,000	202,000
Capitalized Computer Software, Amortization	$ 104,000	$ 40,000
Common Stock, Dividends, Per Share, Cash Paid | $ / shares	$ 0.35
Goodwill and Intangible Asset Impairment	$ 0
Impairment of Long-Lived Assets Held-for-use	$ 0

Note 2 - Inventories - Inventor

Note 2 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Coins [Member]
Inventory, gross	$ 438	$ 437
Other Collectibles [Member]
Inventory, gross	302	292
Grading Raw Materials Consumable [Member]
Inventory, gross	2,091	1,845
Inventory, gross	2,831	2,574
Less inventory reserve	(761)	(739)
Inventories, net	$ 2,070	$ 1,835

Note 3 - Property and Equipme25

Note 3 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Coins and Stamp Grading Reference Sets [Member]
Property and equipment, gross	$ 263	$ 263
Computer Equipment [Member]
Property and equipment, gross	2,827	2,777
Computer Software [Member]
Property and equipment, gross	1,202	1,202
Equipment [Member]
Property and equipment, gross	5,440	5,134
Furniture and Office Equipment [Member]
Property and equipment, gross	1,129	1,116
Leasehold Improvements [Member]
Property and equipment, gross	1,208	1,138
Trading Card Reference Library [Member]
Property and equipment, gross	52	52
Property and equipment, gross	12,121	11,682
Less accumulated depreciation and amortization	(9,102)	(8,843)
Property and equipment, net	$ 3,019	$ 2,839

Note 4 - Accrued Liabilities -

Note 4 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015
Warranty reserves	$ 1,010	$ 892	$ 1,462	$ 1,492
Professional fees	428	484
Other	1,053	1,115
	$ 2,491	$ 2,491

Note 4 - Accrued Liabilities 27

Note 4 - Accrued Liabilities - Warranty Reserve Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Warranty reserve	$ 892	$ 1,492
Provision charged to cost of revenues	171	107
Payments	(53)	(137)
Warranty reserve	$ 1,010	$ 1,462

Note 5 - Discontinued Operati28

Note 5 - Discontinued Operations (Details Textual) - Jewelry Businesses [Member]	Sep. 30, 2016USD ($)
Total Accrual Related to Remaining Lease Obligations	$ 582,000
Accrued Rent, Current	480,000
Accrued Rent, Noncurrent	$ 102,000

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Effective Income Tax Rate Reconciliation, Percent	43.00%	39.00%

Note 7 - Net Income Per Share30

Note 7 - Net Income Per Share (Details Textual) - shares	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Stock Options and Unvested Restricted Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,000	30,000
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	262,000	252,000

Note 7 - Net Income Per Share -

Note 7 - Net Income Per Share - Computation of Basic and Diluted Net Loss Per Common Share (Details) - shares shares in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Restricted Stock [Member]
Dilutive effect of shares (in shares)	87	100
Weighted average shares outstanding: Basic (in shares)	8,474	8,434
Weighted average shares outstanding: Diluted (in shares)	8,561	8,534

Note 8 - Business Segments (Det

Note 8 - Business Segments (Details Textual)	3 Months Ended
	Sep. 30, 2016
Number of Reportable Segments	3

Note 8 - Business Segments - Se

Note 8 - Business Segments - Segment Reporting Information (Details) - USD ($)		3 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Coins [Member] | Operating Segments [Member]
Net revenues	[1]	$ 9,971,000	$ 9,313,000
Depreciation and amortization		137,000	139,000
Stock-based compensation		11,000	22,000
Operating income		2,755,000	3,273,000
Trading Cards and Autographs [Member] | Operating Segments [Member]
Net revenues	[1]	4,439,000	3,997,000
Depreciation and amortization		56,000	55,000
Stock-based compensation		3,000	3,000
Operating income		1,081,000	893,000
Other Segments [Member] | Operating Segments [Member]
Net revenues	[1]	1,338,000	1,308,000
Depreciation and amortization		150,000	97,000
Stock-based compensation		2,000	2,000
Operating income		295,000	218,000
Operating Segments [Member]
Depreciation and amortization		343,000	291,000
Stock-based compensation		16,000	27,000
Operating income		4,131,000	4,384,000
Segment Reconciling Items [Member]
Depreciation and amortization		77,000	50,000
Stock-based compensation		86,000	124,000
Operating income		(1,357,000)	(1,189,000)
Net revenues	[1]	15,748,000	14,618,000
Depreciation and amortization		420,000	341,000
Stock-based compensation		102,000	151,000
Operating income		$ 2,774,000	$ 3,195,000
[1]	Includes revenues of $5.0 million, $4.1 million, and $3.8 million, generated outside the United States in fiscal years 2016, 2015 and 2014, respectively.

Note 8 - Business Segments - Re

Note 8 - Business Segments - Reconciliation of Assets to Consolidated from Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Operating Segments [Member] | Coins [Member]
Identifiable Assets:
Assets	$ 7,890	$ 7,824
Goodwill:
Goodwill	515	515
Operating Segments [Member] | Trading Cards and Autographs [Member]
Identifiable Assets:
Assets	1,420	1,451
Operating Segments [Member] | Other Segments [Member]
Identifiable Assets:
Assets	3,342	3,360
Goodwill:
Goodwill	1,568	1,568
Operating Segments [Member]
Identifiable Assets:
Assets	12,652	12,635
Segment Reconciling Items [Member]
Identifiable Assets:
Assets	13,885	15,555
Assets	26,537	28,190
Goodwill:
Goodwill	$ 2,083	$ 2,083

Note 9 - Related-party Transa35

Note 9 - Related-party Transactions (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016	Jul. 31, 2015
Mr. Hall's Immediate Family Member [Member] | Grading and Authentication Fees [Member]
Related Party Transaction, Other Revenues from Transactions with Related Party	$ 466,000	$ 817,000
Accounts Receivable, Related Parties, Current	186,000		$ 92,000
Associate of Richard Kenneth Duncan Sr [Member] | Grading and Authentication Fees [Member]
Related Party Transaction, Other Revenues from Transactions with Related Party	239,000	$ 333,000
Accounts Receivable, Related Parties, Current	$ 87,000		$ 101,000
Associate of Richard Kenneth Duncan Sr [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				5.00%

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual) - $ / shares	Oct. 25, 2016	Sep. 30, 2016	Sep. 30, 2015
Subsequent Event [Member]
Dividends Payable, Date Declared	Oct. 25, 2016
Dividends Payable, Date to be Paid	Nov. 25, 2016
Dividends Payable, Date of Record	Nov. 16, 2016
Common Stock, Dividends, Per Share, Declared	$ 0.35
Common Stock, Dividends, Per Share, Declared		$ 0.35	$ 0.35