What is a Goldback? How and Where to Buy Goldbacks in The United States

Goldbacks are a form of paper currency containing gold between layers of polymer. These tangible assets are .999 pure and come in various designs and interchangeable denominations (1,5,10,25,50) which may interest the collectors and the investors. Containing intricate artwork and value, these feature cultural and historical themes which adds more to its visual appeal. They are known for being a stable investment, especially at times of economic uncertainty like currency devaluation and inflation, securing your financial future. 

Acquiring these goldbacks for their portability, security, and other aspects can be very beneficial for you. But how and where can you buy these Goldbacks In The United States? Well, this blog will help you with exactly that, but before that let’s look at the different types of Goldbacks you can buy to diversify your portfolio.

What Are The Types Of Goldbacks?

The following are the types of goldbacks containing 1/1000th oz., 1/200th oz., 1/100th oz., 1/40th oz,1/20th oz.of 24k gold:

Utah Goldbacks

The Utah Goldbacks were the first currency that came in the market in 2019 where these were seen as an innovative way of owning tangible gold. Each of these contains the following virtues and designs that reflect Utah’s history:

• Prudentiae (Prudence) features the five tribes of Utah.
• Veritas (Truth) features the state pioneer as the representation of truth not=dding to the great migration.  
• Justitia (Justice) presents justice casting in Utah’s southern region.
• Victoria (Victory) shows victory allegory which is represented by a suffragette.
• Liberty (Libertas) features the lady liberty.  

Nevada Goldbacks

Being the second in the Goldback series, its following virtues contain design figures including the mother of Jesus, Athena, Justice, and Eve: 

Caritas (Charity)

Sophia (Wisdom)

Justitia (Justice)

Fortitudine (Fortitude)

Liberty (Libertas)

South Dakota Goldbacks

It was recently released in 2023 where the virtues including hard work, freedom, harmony, liberty, and productivity have been represented through the following designs:

• Pax (Roman Goddess of peace)
• Industria
• Harmonia (Greek goddess)
• Laurea
• Libertas 

Wyoming Goldbacks 

These goldbacks were released in 2022, represent the Native American women, the biblical story of Esther, and the Wyoming ranch girl waiting for her groom through the below-mentioned designs and virtues:

• Reverentia (Reverence)
• Audentia (Boldness)
• Fiducia (Trust)
• Fideletas (Loyalty)
• Libertas (Liberty)

New Hampshire Goldbacks 

Being released in 2021 in the US Goldback series, these depict New Hampshire’s history during the Revolutionary War and the colonial era. It represents Abanaki Native American woman from the Algonquin tribes, New Hampshire’s Sons of Liberty, etc, featuring the state’s motto “Live Free or Die” in the following designs:

• Gratia (Grace)
• Veritas (Truth)
• Prospiciente (Foresight)
• Fortitudine (Fortitude)
• Liberty (Libertas)

How and Where To Buy Goldbacks In The United States?

Conduct A thorough Research

You must conduct proper research on every aspect of goldbacks including the market trends regarding the gold prices and the local laws to make an informed decision. 

Set A Budget 

After the research, you must set a budget that you are willing to invest in this voluntary local currency as it will determine the denomination and the quality you can get. 

Identify Renowned sellers 

Wondering where to buy this tangible asset? For this, you must identify renowned sellers who are selling these goldbacks at a fair price. The following are some of the options from where you can purchase the goldbacks:

• Online Retailers: One of the easiest ways of buying or investing in goldbacks is through online retailers such as CanAm Bullion which are known for their reliability and authenticity. Through them, you can invest in these goldbacks conveniently, and get the best prices and 24/7 assistance as well.
• Local Coin Shops: You can visit these shops as the availability of this tangible gold asset is often there. By building a relationship with the local dealers, you can also get access to their new inventory and other facilities.
• Precious Metal Conventions: There are some conventions where dealers sell voluntary currency, giving you the opportunity to have a better understanding of the goldbacks and creating strong networks with other collectors and investors.  

Compare the Prices 

You must compare Goldbacks’ prices including the shipping costs and the applicable taxes, varying on different platforms to acquire the best deal.

Purchase The Tangible Asset 

After selecting the platform, follow the below-mentioned simple steps for purchasing these local gold currencies:

Online Purchase

• Select the desired denomination that you want to purchase on the online website.
• Provide your shipping and payment information to proceed with the checkout, which will place your order.
• Once you have placed the order, you will receive the order confirmation along with the estimated delivery date for your tangible assets.

In-store Purchase 

• Visit the local coin dealer and select the goldback that you want to buy.
• Choose the quality and make the payment.
• Get a receipt for keeping the record and checking its authenticity.    

Verify Goldbacks Authenticity 

After the purchase, you must verify its authenticity by looking at the following aspects:

• Official Seal
• Serial Number 
• Micro Engraving i.e., the detailed design, which is very difficult to replicate. 

After verification, store them in a safe deposit box, a home safe, or some specialized storage facility. 

Wrapping Up!

Goldbacks are a valuable tangible asset that can be traded around the world for big and small transactions. This technologically advanced form of physical gold payment lures collectors to expand their collections and investors to diversify their portfolios. They are an ideal choice for securing your financial future and shielding you against any unseen economic situation.