SecProbe.io

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                        Collectible Concepts Group, Inc.
                              1600 Lower State Road
                         Doylestown, Pennsylvania 18901

         ==============================================================

December 16, 2005

VIA EDGAR AND FEDERAL EXPRESS
-----------------------------

Securities and Exchange Commission
100 F Street, N.E.
Washington, DC  20549

         Attn:    H. Christopher Owings, Assistant Director
                  Division of Corporation Finance

                  Ellie Quarles, Esq.
                  Scott Anderegg, Esq.

         Re:      Collectible Concepts Group, Inc.
                  Form 10-KSB/A for the Fiscal Year Ended February 28, 2005
                  Form 10-QSB/A for the Fiscal Quarter Ended May 31, 2005
                  Form 10-QSB for the Fiscal Quarter Ended August 31, 2005
                  Amendment No. 1 to Schedule 14C filed October 20, 2005
                  File No. 000-30703

Ladies and Gentlemen:

      The following responses address the comments of the reviewing Staff of the
Commission  as set  forth in a  comment  letter  dated  November  17,  2005 (the
"Comment Letter") relating to the amended Preliminary  Information  Statement on
Schedule 14C (the  "Information  Statement"),  the amended annual report on Form
10-KSB/A for the fiscal year ended  February 28, 2005 (the "Form  10-KSB"),  the
amended  quarterly  report on Form 10-QSB/A for the fiscal quarter ended May 31,
2005 (the "May Form  10-QSB")  and the  quarterly  report on Form 10-QSB for the
fiscal  quarter ended August 31, 2005 (the "August Form  10-QSB")of  Collectible
Concepts Group, Inc. (the "Company"). The answers set forth herein refer to each
of the Staffs' comments by number.

      We are  filing  herewith  Amendment  No.  3 to the  Company's  Information
Statement,  Amendment No. 2 to the Company's Form 10-KSB, Amendment No. 2 to the
Company's  May Form  10-QSB and  Amendment  No. 1 to the  Company's  August Form
10-QSB.

<PAGE>
Securities and Exchange Commission
December 16, 2005
Page 2 of 4

Form 10-KSB/A for the Fiscal Year Ended February 28, 2005
---------------------------------------------------------

Management's Discussion and Analysis or Plan of Operation, page 9
-----------------------------------------------------------------

1.    We note your response to comment 7 in our letter dated September 14, 2005.
      However,  it does not  appear  that you have made the  revised  disclosure
      concerning  the  party  to whom you sold a 2.5%  interest  to your  future
      revenues from the NFL, NBA and possible MLB licenses. We reissue our prior
      comment 7.

      Response
      --------

      Due to a  ministerial  error,  the  change  was not made in the  Edgarized
      version. We have revised our disclosure,  as previously  disclosed to you,
      to indicate that we sold the 2.5% interest to Alizay Consultant Limited.

Exhibits, page 33
-----------------

2.    Please  revise your exhibit index to include all the  agreements  that you
      have filed in response to our comments,  including  exhibits 10.9,  10.10,
      10.11 and 10.12.

      Response
      --------

      We have revised our exhibit index to include all of the agreements that we
      have filed in response to your previous comments,  including updating such
      disclosure to indicate that we are  incorporating  such filed  exhibits by
      reference.

Form 10-QSB/A for the Fiscal Quarter Ended May 31, 2005
-------------------------------------------------------

Controls and Procedures, page 24
--------------------------------

3.    We note your  response  to comment 16 in our letter  dated  September  14,
      2005. We reissue our previous comment 16. Please update your discussion to
      disclose  your  progress in  correcting  your  material  deficiencies  and
      weaknesses  and when you anticipate  that they will be corrected.  You can
      not incorporate by reference this disclosure from your 10-KSB.

      Response
      --------

      We have revised our disclosure to provide for a discussion of the material
      deficiencies  and  weaknesses  and what  steps  have been taken to correct
      them. In addition,  we have disclosed that we anticipate that they will be
      corrected by the end of our quarter  ended  November  30,  2005.  However,
      since  we  are  still  in the  process  of  coordinating  our  review  and
      preparation  of the  financials in connection  with the quarterly  report,
      which is not due until January 14, 2006, we cannot  determine at this time
      if  such  changes  made  have  corrected  our  material  deficiencies  and
      weaknesses.  In our quarterly  report for the quarter  ended  November 30,
      2005,  we  will  fully  address  whether  such  changes  in  controls  and
      procedures were effective,  and if not, what material  deficiencies and/or
      weaknesses  still exist and what further  controls and procedures  will be
      implemented and when we expect them to be effective.

<PAGE>

Securities and Exchange Commission
December 16, 2005
Page 3 of 4

Part II
-------

Exhibits 31.1 and 31.2
----------------------

4.    Please  delete  the  title of the  officer  from each  certification.  The
      exhibit should simply state the officer's name and not state the officer's
      title. Please revise the certifications included with your August 31, 2005
      10-QSB.

      Response
      --------

      We have  deleted the title of the officer  from each  certification  under
      31.1 and 31.2 for our annual  report on Form  10-KSB/A for the fiscal year
      ended February 28, 2005 and the quarterly reports on Form 10-QSB/A for the
      fiscal quarters ended May 31, 2005 and August 31, 2005.

Form 10-QSB for the Fiscal Quarter Ended August 31, 2005
--------------------------------------------------------

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations, page 23
--------------------------------------------------------------------------------

Liquidity and Capital Resources, page 25
----------------------------------------

5.    We note your  response  to comment 10 in our letter  dated  September  14,
      2005. Please discuss any known trends,  events or uncertainties  that have
      or are reasonably  likely to have a material  impact on your short-term or
      long-term  liquidity.  In that regard,  we note that you are  currently in
      default on your  indebtedness  and that certain debt holders have security
      interests in your assets.  Please discuss the likelihood that you may file
      for bankruptcy protection.

      Response
      --------

      We have revised our disclosure to indicate that, "These events of default,
      taken as a whole,  are reasonably  likely to have a material impact on our
      short-term and long-term liquidity. The investors have been willing in the
      past to  provide  us with  capital  as needed to  sustain  our  day-to-day
      operations  and  to  forego  enforcing  default  provisions,  however,  no
      assurance  can be given that they will  provide such capital in the future
      or continue to forego enforcing default  provisions,  which they are under
      no  obligation to do so. In the event that we need  additional  capital in
      the future for our day-to-day operations, and the investors do not provide
      such funds,  we will have to seek capital from new investors.  As a result
      of these  events of default  and that all of our assets are secured by the
      current  investors,  it is highly unlikely that we would be able to obtain
      additional  capital  from  other  investors.  If we are  unable  to obtain
      additional  capital,  we would  likely be required to curtail or cease our
      operations.  As all of our assets are secured by our existing lendors,  of
      which  we are  currently  in  default,  we do not  anticipate  filing  for
      bankruptcy  protection,  as all of our assets would be  transferred to our
      lendors pursuant to our existing security agreements."

<PAGE>

Securities and Exchange Commission
December 16, 2005
Page 4 of 4

Schedule 14C
------------

6.    We note your  response  to comment 20 in our letter  dated  September  14,
      2005. While we note that you have filed the stock plan as an exhibit,  you
      must comply with the first sentence of previous comment 20. Please revise.

      Response
      --------

      We have revised our disclosure to provide all of the information  required
      by Item 1 of Schedule 14C and Item 10 of Schedule 14A

      We trust that the foregoing  appropriately  addresses the issues raised by
your recent  Letter of Comment.  Thank you in advance for your prompt review and
assistance.

                                                     Very truly yours,

                                                     /s/ PAUL S. LIPSCHUTZ
                                                     ---------------------
                                                     Paul S. Lipschutz
                                                     Chief Executive Officer

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