Colonial Acres Coins was founded in Waterloo, Ontario by Todd Sandham and Cameron Bevers in 1991. Originally, it was created as a part-time summer business for the pair while they were still in high school. They began by setting up at many of the local flea-markets throughout the Kitchener-Waterloo area. Over time they started doing local coin shows and began to advertise in the Canadian Coin News as a mail-order firm. At that time, the business was still being run at a part-time basis as Cameron and Todd went on to University.
In 1996, Colonial Acres Coins opened their first retail store on Victoria Street in Kitchener. Cameron had finished his education and began working full time at the store, while Todd continued on finishing his degree in engineering until 1998. They hired on some part-time employees to help with the extra workload of shipping, invoicing and telephone service. Colonial Acres continued to grow with increasing success from then on. In 1999, they began construction of their website as the demand for an online presence grew stronger. In March 2000, Cam and Todd moved their growing business to a bigger location right next door. By this time, they employed two full time staff and 2 part time staff.