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): JULY 26, 2006

                        COLLECTIBLE CONCEPTS GROUP, INC.
             (Exact name of registrant as specified in its charter)



          Delaware                     000-30703                95-4026880
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
     of incorporation)                                       Identification No.)

            1600 Lower State Road, Doylestown, Pennsylvania 18901
            -----------------------------------------------------
            (Address of principal executive offices and Zip Code)

      Registrant's telephone number, including area code (215) 491-1075

                                   Copies to:
                             Gregory Sichenzia, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

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 (see General Instruction A.2. below):

|_|   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))


<PAGE>


ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

      On July 28, 2006, Collectible Concepts Group, Inc. (the "Company") engaged
the firm of Russell  Bedford  Stefanou  Mirchandani  LLP ("Russell  Bedford") to
serve as its  independent  registered  public  accountants  for the fiscal  year
ending  February 28, 2007. On July 26, 2006,  the Company  received  notice from
Weinberg & Company,  PC  ("Weinberg")  that it was  resigning  as the  Company's
independent registered public accountants.  The decision to hire Russell Bedford
was recommended and approved by the Company's Board of Directors.

      During the two fiscal years ended  February 28, 2005 and 2006, and through
July 26, 2006, (i) there were no disagreements  between the Company and Weinberg
on any  matter  of  accounting  principles  or  practices,  financial  statement
disclosure  or  auditing  scope  or  procedure  which,  if not  resolved  to the
satisfaction  of Weinberg  would have caused  Weinberg to make  reference to the
matter in its reports on the Company's financial statements, and (ii) except for
Weinberg's  report  on the  Company's  February  28,  2006  and  2005  financial
statements dated June 23, 2006 and June 6, 2005, respectively, which included an
explanatory  paragraph  wherein  they  expressed  substantial  doubt  about  the
Company's  ability to continue  as a going  concern,  Weinberg's  reports on the
Company's financial  statements did not contain an adverse opinion or disclaimer
of opinion, or was modified as to audit scope or accounting  principles.  During
the two fiscal years ended February 28, 2006 and 2005 and through July 26, 2006,
there were no reportable  events as the term described in Item  304(a)(1)(iv) of
Regulation S-B.

      During the two fiscal  years ended  February 28, 2006 and 2005 and through
July 26, 2006,  the Company has not  consulted  with Russell  Bedford  regarding
either:

      1.    The   application   of   accounting   principles   to  any  specific
            transaction,  either  completed  or  proposed,  or the type of audit
            opinion   that  might  be  rendered  on  the   Company's   financial
            statements,  and  neither a written  report was  provided to Russell
            Bedford nor oral advice was provided that Russell Bedford  concluded
            was an  important  factor  considered  by the  Company in reaching a
            decision  as to the  accounting,  auditing  or  financial  reporting
            issue; or
      2.    Any matter  that was either  subject of  disagreement  or event,  as
            defined in Item  304(a)(1)(iv)  of  Regulation  S-B and the  related
            instruction to Item 304 of Regulation S-B, or a reportable event, as
            that term is explained in Item 304(a)(1)(iv) of Regulation S-B.

      On  July  28,  2006,  the  Company  provided  Weinberg  with a copy of the
disclosures  it is making  in  response  to Item 4.01 on this Form 8-K,  and has
requested that Weinberg furnish it with a letter addressed to the Securities and
Exchange  Commission  stating whether it agrees with the above statements within
10 business days of the filing of this Form 8-K.  Such letter is filed  herewith
as Exhibit 16.2.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(C) EXHIBITS.

EXHIBIT
NUMBER                                    DESCRIPTION
--------------------------------------------------------------------------------
16.1           Letter dated July 26, 2006 from Weinberg & Company, P.A.
16.2           Letter on change in  certifying  accountant  dated July 28,  2006
               from Weinberg & Company, P.A.


<PAGE>



                                   SIGNATURES

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

                                          COLLECTIBLE CONCEPTS GROUP, INC.


Date: July 28, 2006                        /s/ Paul S. Lipschutz
                                          ------------------------------
                                          Paul S. Lipschutz
                                          Chief Executive Officer
{"company-data": {"conformed-name": "COLLECTIBLE CONCEPTS GROUP INC", "cik": "0001106946", "assigned-sic": "7389", "irs-number": "954026880", "state-of-incorporation": "DE", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30703", "film-number": "06988680"}, "business-address": {"street1": "1600 LOWER STATE RD", "city": "DOYLESTOWN", "state": "PA", "zip": "18901", "phone": "2154911075"}, "mail-address": {"street1": "1600 LOWER STATE ROAD", "city": "DOYLESTOWN", "state": "PA", "zip": "18901"}}
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): JULY 26, 2006

                        COLLECTIBLE CONCEPTS GROUP, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                     000-30703                95-4026880
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
     of incorporation)                                       Identification No.)

            1600 Lower State Road, Doylestown, Pennsylvania 18901
            -----------------------------------------------------
            (Address of principal executive offices and Zip Code)

      Registrant's telephone number, including area code (215) 491-1075

                                   Copies to:
                             Gregory Sichenzia, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

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 (see General Instruction A.2. below):

|_|   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))
ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

      On July 28, 2006, Collectible Concepts Group, Inc. (the "Company") engaged
the firm of Russell  Bedford  Stefanou  Mirchandani  LLP ("Russell  Bedford") to
serve as its  independent  registered  public  accountants  for the fiscal  year
ending  February 28, 2007. On July 26, 2006,  the Company  received  notice from
Weinberg & Company,  PC  ("Weinberg")  that it was  resigning  as the  Company's
independent registered public accountants.  The decision to hire Russell Bedford
was recommended and approved by the Company's Board of Directors.

      During the two fiscal years ended  February 28, 2005 and 2006, and through
July 26, 2006, (i) there were no disagreements  between the Company and Weinberg
on any  matter  of  accounting  principles  or  practices,  financial  statement
disclosure  or  auditing  scope  or  procedure  which,  if not  resolved  to the
satisfaction  of Weinberg  would have caused  Weinberg to make  reference to the
matter in its reports on the Company's financial statements, and (ii) except for
Weinberg's  report  on the  Company's  February  28,  2006  and  2005  financial
statements dated June 23, 2006 and June 6, 2005, respectively, which included an
explanatory  paragraph  wherein  they  expressed  substantial  doubt  about  the
Company's  ability to continue  as a going  concern,  Weinberg's  reports on the
Company's financial  statements did not contain an adverse opinion or disclaimer
of opinion, or was modified as to audit scope or accounting  principles.  During
the two fiscal years ended February 28, 2006 and 2005 and through July 26, 2006,
there were no reportable  events as the term described in Item  304(a)(1)(iv) of
Regulation S-B.

      During the two fiscal  years ended  February 28, 2006 and 2005 and through
July 26, 2006,  the Company has not  consulted  with Russell  Bedford  regarding
either:

      1.    The   application   of   accounting   principles   to  any  specific
            transaction,  either  completed  or  proposed,  or the type of audit
            opinion   that  might  be  rendered  on  the   Company's   financial
            statements,  and  neither a written  report was  provided to Russell
            Bedford nor oral advice was provided that Russell Bedford  concluded
            was an  important  factor  considered  by the  Company in reaching a
            decision  as to the  accounting,  auditing  or  financial  reporting
            issue; or
      2.    Any matter  that was either  subject of  disagreement  or event,  as
            defined in Item  304(a)(1)(iv)  of  Regulation  S-B and the  related
            instruction to Item 304 of Regulation S-B, or a reportable event, as
            that term is explained in Item 304(a)(1)(iv) of Regulation S-B.

      On  July  28,  2006,  the  Company  provided  Weinberg  with a copy of the
disclosures  it is making  in  response  to Item 4.01 on this Form 8-K,  and has
requested that Weinberg furnish it with a letter addressed to the Securities and
Exchange  Commission  stating whether it agrees with the above statements within
10 business days of the filing of this Form 8-K.  Such letter is filed  herewith
as Exhibit 16.2.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(C) EXHIBITS.

EXHIBIT
NUMBER                                    DESCRIPTION
--------------------------------------------------------------------------------
16.1           Letter dated July 26, 2006 from Weinberg & Company, P.A.
16.2           Letter on change in  certifying  accountant  dated July 28,  2006
               from Weinberg & Company, P.A.
SIGNATURES

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

                                          COLLECTIBLE CONCEPTS GROUP, INC.

Date: July 28, 2006                        /s/ Paul S. Lipschutz
                                          ------------------------------
                                          Paul S. Lipschutz
                                          Chief Executive Officer