Collectors Universe Inc. announced the appointment of Mr. Robert Deuster to the position of Chief Executive Officer, effective October 15, 2012, succeeding Mr. Michael McConnell. The company reported that Mr. McConnell will continue as a member of the Board of Directors. Mr. Deuster will be a nominee to serve as a director of the company at the upcoming stockholders' meeting to be held on November 19, 2012.

Mr. Deuster served as Chairman and Chief Executive Officer of Newport Corporation from 1996 until his retirement in 2007.