Buying Goldbacks In Canada: Your Complete Resource

Understanding Goldbacks

Goldbacks, a voluntary currency, come in the form of regular currency notes containing gold between the two layers of clear polyester. Each goldback represents the state’s heritage and value through a distinct portrait and design, creating an attractive variety of options for the collectors. These also vary in denomination, i.e., they depict gold in different amounts, which can be measured in 1/1000th of a troy-ounce increment that involves limited counterparty risk for the investors. The paper notes are practical and durable in nature while having an intrinsic value that provides you with a sense of security. Due to their lightweight and compact quality, they can be carried around anywhere with ease. 

Leading Goldback Providers To Consider In Canada

You can consider the following Goldback Mints if you want to buy goldbacks in Canada:

Utah GoldBacks 

Utah GoldBacks, being the first local and voluntary currency, was crafted by the local artist Cheri Jensen, capturing the historical moments of Utah in a chronological storyline. They entered the market in late 2019 with tangible gold assets, making the following five denominations with pure .999 gold available:

• 1 Goldback- Prudentiae (Prudence) includes 1/1000th oz. of gold and features a Native American Woman as a representation of Prudence, who is shown sitting on a sandstone rock, nodding at the throne where traditionally Prudence sat. Her gazing into a mirror symbolizes perspective while various attributes are taken from five Native American Tribes In Utah, including Paiute, Shoshone, Navajo, Goshute and the Ute. 
• 5 Goldbacks- Veritas (Truth) includes 1/200th oz. of gold and features a woman represented as a Utah pioneer who is nodding at the great migration. She is shown holding a lantern high in her right hand, and the two books in her left hand symbolize truth. Along with this, many other symbols, like waterfall, deer, fish, eagle, and North Star, symbolize truth in different forms.
• 10 Goldback- Justitia (Justice) includes 1/100th oz. of gold and features a woman who is cast in Utah’s southern region wearing the blindfold. The two-edged sword and scales indicate the responsibilities of fairness, decisiveness, and impartiality that Justice must carry.
• 25 Goldbacks- Victoria (Victory) includes 1/40th oz. of gold and features a female figure to celebrate the women’s right to vote while urging the viewers to “go on to Victory.” She is also accompanied by a child which symbolises how they are the future. 
• 50 Goldbacks- Libertas (Liberty) includes 1/20th oz. of gold and features an angelic woman who has reached the fullness of blessing through the power of employment of liberty. She is holding a torch that represents enlightenment and an overflowing cup that symbolizes a connection to the divinely given liberty. This design depicts that one should always try to gain freedom, and those who are free must fight to protect it. 

Nevada Goldbacks

Nevada Goldbacks were released in  2020 with designs that represented the history and heritage of the state. These consist of the following designs containing 24K gold:

• 1 Goldbacks – Caritas (Charity) includes 1/1000th oz. of gold and features the mother of Jesus in St. Augustine’s Catholic Church in Nevada. The Sierra Nevada Lily, Mary Magdalena rose, and cherubs symbolize Charity. 
• 5 Goldbacks- Sophia (Wisdom) includes 1/200th oz. of gold and features Athena depicting divine progress through various symbols, technologies, inventions and many other aspects. Owl, a traditional symbol of wisdom can also be seen on the gorget wrapped around her neck.
• 10 Goldbacks- Justitia (Justice) includes 1/100th oz. of gold, featuring Justice, who watches over the Wild West. This informs the people involved in illegal activities that justice sees all. The word”Battleborn” engraved on the pillar invokes Nevada’s status as a Civil War-born state while also calling out the language from the state flag. 
• 25 Goldbacks- Fortitudine (Fortitude) includes 1/40th oz. of gold and features a woman patterned after a Greek winged goddess of Victory. Glory and triumph are a few of many symbols that can be seen through Laurel Wreath on her head and palm leaf on her left hand. 
• 50Goldbacks – Liberty (Libertas) includes 1/20th oz. of gold and Libertas, who is shown as Eve, who becomes a symbol of the biblical tale about women who exercised their power of choice in bringing the human race.

Helpful Tips While Purchasing Canadian Goldback

Identify The Reason For Purchase

You must identify the reason for purchasing goldbacks, i.e. whether you want it for investment or as a part of your collection. The investors will look at the value and the mint that produces it, while the collectors will focus on the design variation, the particular year it was released, and the series that it is a part of. Some of these collectors may opt for limited edition pieces, while others may choose the complete set of goldbacks.

Ensure The Authenticity Of  Your Goldbacks  

Gold is a time-tested valuable, which makes it more important for you to check the authenticacy of goldbacks. For this, you can either opt for authentication services or get assistance from reputable dealers.   

Prepare In Advance For Storage 

Before purchasing goldbacks, you must plan for storage to secure your investment. Safety deposit boxes, storage facilities, or home safes can be used as your storage options to prevent any damage.

Where to Buy Goldbacks in Canada?

CanAm Bullion is the most reputable source offering goldbacks for sale in Canada, where quality and reliability are kept as a top priority. They also provide assistance to their clients in case of any query for a seamless experience. CanAm offers investors and collectors a wide range of gold backs varying in denomination, as mentioned below:

1 Goldback- Prudentiae (Prudence) 

5 Goldbacks- Veritas (Truth)

10 Goldbacks- Justitia (Justice)

25 Goldbacks- Victoria (Victory)

50 Goldbacks- Libertas (Liberty)

Your search for “where to buy goldbacks in canada” ends here!

Get in touch with CanAm Bullion, where you can contact customer service for any query by filling out a form or calling the following number: Toll-Free: +1 (844) 915-5151; Telephone: +1 (519) 915-5151. 

Conclusion

Goldbacks, a spendable form of physical gold, can be used as an alternative to real money or for barter transactions with individuals who recognize its value. These 24K gold bills contain various designs that include various cultural nods, symbols, and heritage and reflect history. They are mainly designed as a form of currency with interchangeable denominations which benefits the investors. Through proper care and storage facilities, the collectors and investors looking for Goldbags in Canada can acquire gold in a tangible form.