Albern Coins Company

Albern Coins Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Albern Coins & Foreign Exchange Ltd. was established on February 15, 1964, in Calgary, Alberta, Canada. The company has built a reputation as one of Canada's largest independent coin dealers and a trusted name in the precious metals market.

Parent Company/Ownership Structure

Albern Coins operates as an independent entity, with no publicly disclosed parent company. The business is managed by Andrew Opyrchal, who serves as the General Manager.

Headquarters Location

The headquarters of Albern Coins is located at 1615 Centre Street N, Calgary, Alberta, T2E 2S2, Canada. This central location allows for easy access for local customers and visitors.

Global Business Scope

While Albern Coins primarily serves the Canadian market, it also engages in transactions with clients in the United States and other international markets. The company specializes in the buying and selling of coins, bullion, and foreign currency, catering to collectors, investors, and the general public.

Main Regulatory Bodies

Albern Coins is regulated under Canadian federal law, specifically by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This regulatory body mandates that money service businesses and dealers in precious metals comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

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2. Company History and Development

Key Milestones

• 1964: Albern Coins is founded, marking the beginning of its journey in the coin and precious metals industry.
• 1985: The company receives accreditation from the Better Business Bureau (BBB), achieving an A+ rating, which it maintains to this day.
• 2000s: Albern Coins expands its services to include foreign exchange, enhancing its portfolio to meet customer needs.

Business Expansion Journey

Over the years, Albern Coins has expanded its service offerings beyond just coin trading to include foreign exchange and bullion trading. This diversification has allowed the company to cater to a broader audience, including both collectors and investors.

Customer Base Growth

The company has seen steady growth in its customer base, due in part to its reputation for reliability and security in transactions. Albern Coins serves a diverse clientele, including individual collectors, institutional investors, and foreign exchange traders.

Platform Development History

Albern Coins has developed a robust online platform that allows customers to place orders securely. The website offers detailed information on current market prices for various metals and currencies, facilitating informed trading decisions.

Important Awards or Recognitions Received

Albern Coins has been recognized for its commitment to customer service and compliance with regulatory standards. Its longstanding BBB accreditation and positive customer reviews highlight its credibility in the industry.

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3. Trading Services Offered

Forex Trading Options

Albern Coins provides a range of foreign exchange (Forex) trading options. The company offers trading in several currency pairs, including major currencies like the Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), British Pound (GBP), and others. The exact number of currency pairs may vary, reflecting market demand.

Stock Trading Options

While primarily focused on coins and bullion, Albern Coins does not explicitly list stock trading options on its platform. The company's core services revolve around precious metals and foreign exchange.

CFD Trading Products

Albern Coins does not appear to offer Contracts for Difference (CFDs) as part of its trading services. The focus remains on physical commodities and currency exchange.

Other Financial Instruments

In addition to coins and bullion, Albern Coins deals in various financial instruments, including:

• Precious Metals: Gold, silver, platinum, and palladium.
• Currency Exchange: Foreign currency trading services.
• Collectibles: Various numismatic items, including historical coins and medals.

Special Services or Unique Advantages

Albern Coins prides itself on providing a secure online ordering system, competitive pricing for bullion, and a commitment to customer service. The company also assists clients in identifying and verifying their coins and precious metals, ensuring a trustworthy trading experience.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Albern Coins is regulated by several bodies, including:

• FINTRAC: Ensures compliance with anti-money laundering and counter-terrorism financing laws.
• Canadian provincial regulatory authorities: Depending on the services offered, additional local regulations may apply.

Legal Entity Structure by Region

Albern Coins operates as a sole proprietorship in Alberta, Canada. The company is subject to Canadian laws governing financial transactions and services.

Client Fund Protection Measures

Albern Coins is committed to client fund protection through compliance with regulatory standards. The company implements measures to safeguard customer information and transactions, adhering to strict privacy and security protocols.

Countries/Regions Served

Primarily serving Canada, Albern Coins also engages with clients from the United States and select international markets, providing services tailored to the needs of each region.

Compliance History

Albern Coins has maintained a strong compliance record, regularly updating its practices to meet evolving regulatory requirements. The companys accreditation with the BBB and positive customer feedback further demonstrate its commitment to compliance and ethical business practices.

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5. Competitive Landscape

3-5 Main Competitors

Albern Coins faces competition from various other coin dealers and financial service providers, including:

1. Calgary Coin: A local competitor known for its wide selection of coins and collectibles.
2. Gate West Coin: Another Calgary-based dealer that specializes in bullion and coin trading.
3. J&M Coin and Bullion: A Vancouver-based dealer that offers a range of precious metals and collectibles.

Positioning in the Industry

Albern Coins positions itself as a leading independent coin dealer in Canada, focusing on customer service, security, and a diverse range of products. Its long-standing reputation and BBB accreditation set it apart from many competitors.

Market Differentiation Factors

Key differentiation factors for Albern Coins include:

• Expertise: Over 60 years of experience in the coin and bullion market.
• Security: A commitment to secure online transactions and regulatory compliance.
• Customer Service: A focus on building long-term relationships with clients through reliable service and expert advice.

In conclusion, Albern Coins & Foreign Exchange Ltd. stands as a prominent player in the Canadian coin and bullion market, backed by a rich history, a commitment to compliance, and a focus on customer service. Its diverse offerings and secure trading environment make it a trusted choice for collectors and investors alike.

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