Goldbacks was launched in Utah with the vision of re-introducing gold as a form of daily spending in normal commerce. They're very cool to have and yes, they obviously do contain gold, so they're technically an investment. They can be spent anywhere because they are made of gold. While these are not widely accepted as currency everywhere and are not recognized by the United States government, Goldback Notes were originally created with . Unlike most gold products, the Goldback is designed to be used as a currency with interchangeable denominations rather than varying premiums based on gold content. We sell goldbacks in 1, 5, 10, 25, and 50 denominations. FreedomFest 2019 demonstrated that there are plenty of buyers for the Goldbacks. Goldbacks were first introduced in Utah in late 2019. Nevada was an interesting second State to choose. Case in point, ten 1/10th ounce American Eagles do not equal one 1-ounce American Eagle. If we keep the above ratios in mind, this means silver price should be around $100-$125 per ounce. Today, many small businesses in Utah accept Goldbacks, and now they are also valid in Nevada and New Hampshire. Goldbacks come in a variety of sizes . Max talks to Benjamin Shaffer about a new product called Goldbacks, which are bills that can fit in your wallet and are made of gold. Each order comes with 3 Goldbacks. Below is a list of US states that accept Gold and Silver as legal tender: WEST VIRGINIA. The Utah series was the first Goldback series available in 2019. Each gold note series is actually spendable within the state identified in the issue and accepted by a range of different vendors. The 10 Nevada Goldback Aurum Gold Note is one of five denominations of the Nevada Goldback series by Aurum. Nevada is the second state of issue, in 2020. Add to wishlist. *Shipping prices are subject to change without notice Also, the year on the Goldback may vary. Aurum is created by an innovative process, in which a printed polyester film is sprayed with a thin layer of vaporized gold, in this case 1/200 Troy . The Goldbacks are made of small denominations of physical gold for the purpose of monetary exchange. The Goldbacks are legal tender due to the Utah Legal Tender Act from 2011 that validated certain types of gold as a currency, but their legality varies by state. Best Sellers 1 . This innovation allows people to transact in small denominations of gold. Created in the exact manner mentioned above, the Utah Goldbacks are a collection of gold notes that constitute a voluntary local currency accepted for commercial payment in the state of Utah. Nevada Goldbacks. Note Highlights: Arrives in a currency sleeve! Only 1s and 5s have been produced so far. It was initially announced in Rapid City, South Dakota at the Freedomfest convention being held there. As we jump into the holiday shopping season a growing number of small businesses across the state . Gold Notes 1 New Hampshire Goldback Currency 1/1000 oz $ 3.63. In the 1980s and '90s, private currencies experienced a boom around the United States, according to University of Central Oklahoma professor and local currency expert Loren Gatch. This means a gain of 500%. Goldbacks may be especially desireable as a currency in States where it is authorized as such. They are honored as currency by a growing number of Utah companies. Nevada was released in 2020, and New Hampshire was released in 2021. High Rising Gold Price. Each state's Goldbacks carry imagery unique to the culture and history of its state of issue. . This example of a 5 Utah Goldback is created from Aurum. 50 UTAH Goldback 1/20 oz (0.05 oz) of .999 fine Gold x 20 Units. The Utah series was the first Goldback series available in 2019. The 1Gb, 5Gb, and 10Gb are smaller than dollar bills, and the 50Gb is larger. July 24, 2019. . This Nevada Goldback is a legal currency! Circulating Goldbacks supports your local economy and can give a determined individual independence from the dollar in a way that was impossible even a year ago. This 50 Nevada Goldbacks 1/20 oz 24K Gold Foil Aurum Note is one of the more unique pieces of gold for sale from Bullion Exchanges. $ 35.76. Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. Utah Goldbacks. Description. But the Goldbacks were approved. These Goldbacks contain 1/1000th oz of 24k gold and are protected by a coating of thin plastic. Although each of the Nevada Goldbacks is not legal tender in the United States, individual business owners in Nevada can agree to accept the Aurum Goldbacks as legal tender for chosen transactions. They discuss how this fits in with our changing monetary . Specifications. If we keep the above ratios in mind, this means silver price should be around $100-$125 per ounce. FreedomFest 2019 demonstrated that there are plenty of buyers for the Goldbacks. Not legal tender • Made in the United States • Expect up to 30 days for deliver. Multiple Goldbacks will ship in a single sleeve. The Goldback is a voluntary, local currency in Utah that is made from gold. 50+. Shipping FAQ. Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. with growing popularity as more States across the Country release their new Goldback issues. Sources: Multiple Goldbacks will ship in a single sleeve. Silver is not only used as a store of wealth, unlike gold, it has many important industrial applications. One of the most intriguing gold note programs available at the moment is the Utah Goldback Series. Goldbacks come in a variety of sizes . These beautiful Goldbacks feature designs of the Virtues as women wearing clothing popular in different time periods in the state. Utah allows the use of a new currency called gold backs that are made by Valaurum in every day transactions. Use these for gifts, collectibles, or to trade for goods! Goldbacks are attractive, fractional, collectible, spendable 24k gold with gorgeous artwork specific to each state. Each state's businesses decide whether or not to accept goldbacks as a form of payment. Yes, Goldbacks may have ~70% premium but they are also the cheapest 1/1000th of an ounce gold product in the world. As an example, if you order 100 Goldbacks face value with an exchange rate of $3.30 your total shipping cost would be approximately $11.60. Description. The GoldBacks are more expensive than an actual gold coin. If you like to buy gold and collect currency notes, the 5 Nevada Goldbacks 1/200 oz 24K Gold Foil Aurum Note could be the ideal piece for you! Goldbacks may be used anywhere people chose to accept gold. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. There are many projects in the works. Order Your Nevada Goldbacks Here. Provident Metals currently has 1 Gold Nevada Goldback Notes available to you for purchase online. Please note multiple notes come in one plastic sleeve. In 2011, the most senior . Welcoming the Utah Goldback. Although facing some pushback, the majority of the board accepted this new product. 1+. Over 500 businesses in Utah were contacted and asked if they would take gold as payment. 1 in stock. The final concern had to do with the legal status of Goldbacks outside of the States with special laws. To see participating business in the state of Utah, visit the Goldback website here. . One Goldback costs $2.50 as of July 24th, 2019. One goldback is equal to 1/1000th of an ounce of gold. Learn how to purchase the Goldback with this guide: Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. Right now, silver prices are around $18 per ounce. Each state's businesses decide whether or not to accept goldbacks as a form of payment. High Rising Gold Price. (Average Exchange Rate) See "Exchange Rate" for more details. To see this better, consider if only one state issued Goldbacks and all states independently accepted that state's Goldbacks as legal tender within its own borders. You will get ten 1 Utah Goldbacks. Utah Goldback 5000 Trading Pack. Utah was the first state that Goldbacks were created for, which was made possible by the Utah Legal Tender Act of 2011 and became the first state to accept Goldbacks as legal tender, followed by Nevada, New Hampshire, and soon, Wyoming. Unlike most gold products, the Goldback is designed to be used as a currency with interchangeable denominations rather than varying premiums based on gold content. Shipping FAQ. These beautiful Goldbacks feature designs of the Virtues …. The 50 states have widely varying laws on the taxation of gold and silver bullion. Each one of the goldbacks represents the first form of spendable gold bullion that could be used commercially in the United States. We accept BTC, BCH, ETH, WBTC, DOGE, LTC, and 5 USD-pegged stable coins. Please note multiple notes come in one plastic sleeve.Also, the year on the Goldback may vary. Goldbacks have appreciated in price from $2.00 in 2019, to an average of $3.75 at the end of 2021. There are currently four different state variations of goldbacks in existence, consisting of New Hampshire, Utah, and Nevada goldbacks that are in circulation. 185 - Goldbacks in Your Pocket with Benjamin Shaffer. Although facing some pushback, the majority of the board accepted this new product. $ 3.57. This last point is still confusing for many people. The first Goldback Notes produced as voluntary, local currency in the United States were the Utah Goldbacks. Utah Goldbacks was the very first local, voluntary currency, made of beautiful, spendable, .999 fine physical Gold, that vendors can choose to accept for transactions. Using the same exchange rate, if you order 500 Goldbacks face value your total shipping cost would be approximately $22.90. Nevada Goldbacks come in 5 denominations, with five exquisite designs, each containing precise amounts of .999 fine 24k gold. Utah was the first state that Goldbacks were created for, which was made possible by the Utah Legal Tender Act of 2011 and became the first state to accept Goldbacks as legal tender, followed by Nevada, New Hampshire, and soon, Wyoming. The Utah series was the first Goldback series available in 2019. For comparison, all US paper barter asset is 66×156. This means a gain of 500%. The Nevada Goldbacks follow in the footsteps of the Utah Goldbacks, the latter being the first spendable form of . Add to cart. Since April, the team has been working on something truly revolutionary. Goldbacks may be used anywhere people chose to accept gold. While these are not widely accepted as currency everywhere and are not recognized by the United States government, Goldback Notes were originally created with . It makes sense to keep a portion of this hedge in Goldbacks. We expect similar results in Nevada and in other states going forward. The Goldback® is the world's first physical, interchangeable, gold money, that is designed to accommodate even small transactions. At a time when Bitcoin has devoured most of the private and local currency market, Goldbacks have arrived late to the private currency world. r/Goldbacks: An open sub-reddit to discuss Goldbacks, Aurum, or any currency or notes that derive their value due to the precious metal embedded in … In addition to the functional value of the gold notes, which are accepted at a number of establishments in . Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. Utah was the first state that Goldbacks were created for, which was made possible by the Utah Legal Tender Act of 2011 and became the first state to accept Goldbacks as legal tender, followed by Nevada, New Hampshire, and soon, Wyoming. The uninformed party should have done some proper research. It couldn't be smaller. In millimeters, their dimensions are: 65×118, 65×130, 65×142.5, 65×156, and 75×178.5. The Goldbacks are developing a remarkable base of businesses that are willing to accept Goldbacks as a form of payment. A 25Gb is almost the same dimensions as a US paper barter asset note. . Unlike US paper barter asset, Goldbacks vary in size. . Still in its infancy though. . The Valaurum Aurums seem to be progressing beyond a simple Overly expensive novelty item to something that is able to be used as currency. Goldbacks come in a variety of sizes . They are not worth the the money you will pay. The Utah GoldBacks are not a scam. Right now, silver prices are around $18 per ounce. "Truth is Treason in the Empire of Lies". However, the premium is way too high for me to consider it a "good" investment. Ep. Nevada Goldbacks are the second issue in the U.S. Goldback series, released in 2020, with designs depicting the heritage and history of the state. Some businesses in states outside of Utah are accepting goldbacks, so it looks like they will eventually be an actual currency anywhere. We don't expect this Goldback series to be completed until the second half of 2022. It can also stand alone as a small denomination, low price point gold product. The History of Goldbacks . UPMA aims to provide viable choices in currency; offering accounts denominated in U.S. minted gold and silver dollars as well as free Goldback accounts. Shipping is via USPS Insured Priority Mail, signature required upon receipt for larger shipments. But the Goldbacks were approved. Certain businesses voluntarily accept Goldbacks in the states of Nevada and New Hampshire. 5 Nevada Goldbacks 1/200 oz 24K Gold Foil Aurum Note . . The only other product they accepted before the Goldback was the Minted 2015 American Silver Eagles, making this a daunting task. This elimination of all state taxes on gold and silver is the most important practical aspect of Utah's action. . Finest Known offers the best selection of Goldbacks for sale including Utah Goldbacks, Nevada Goldbacks and more. Silver is not only used as a store of wealth, unlike gold, it has many important industrial applications. Nevertheless, since states and commonwealths are sovereign powers, the SC can normally be circumvented by Kay Structuring. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. July 24, 2019. A few western states such as Utah, Nevada, and Oklahoma have passed laws making gold and silver legal tender, which is the premise these gold notes are playing on. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. It is not unusual to see a "We accept greenbacks" sign in various merchants and vendors throughout Utah. by Alex Newman July 15, 2015. Additionally, there has been a rising star in the agorist currency space commonly known as goldbacks. . . As a gold product, Goldback notes may serve as a currency or barter tool. It makes sense to keep a portion of this hedge in Goldbacks. 3 rd series of Goldbacks! There are two other important things to consider if stacking Goldbacks. Quick View. We sell goldbacks in 1, 5, 10, 25, and 50 denominations. Now, the new Nevada Goldbacks offer the same option to . Made in the United States of America. Each business was perceived as a locally owned small business (we didn't go to . $ 3.43. The only other product they accepted before the Goldback was the Minted 2015 American Silver Eagles, making this a daunting task. The Goldback launched with the Utah series in 2019, followed by Nevada in 2020 and New Hampshire in 2021. By a unanimous vote on March 8, the West Virginia Legislature approved Senate Bill 502, originally introduced by Sen. Craig Blaire (R-Martinsburg), which called for the exemption of taxation on sales of investment metal bullion and investment coins. Jeremy Cordon. The price of goldbacks is determined by the value of the gold and the state to be used and before choosing a certain dealer to buy, you should know prices of other dealers. Certain businesses voluntarily accept Goldbacks in the states of Nevada, Utah, and New Hampshire. The company, however, also states that "It is the opinion of our Attorney that the Goldbacks are legal tender in Utah however, even without this designation the Goldback is still legal to spend and use anywhere in the United States." Today, approximately 25-50% of small businesses in Utah accept Goldbacks, and their usage is expanding into . There's a reason the Aurum's Goldbacks are so quickly becoming a staple of the collections of many bullion enthusiasts. . There are five denominations, the single, five, ten, twenty-five, and fifty. I don't see why not. Even if that's all you can afford, buy gold grams or even silver before these gimmicks. TOTES. SKU: FKI-004706 Categories: Gold Notes, Best Sellers, Collections, Goldback Trading Packs, Goldbacks, Utah Goldbacks . Their Ten Goldback contains ten thousandths, and so on. Fifty 1 Goldback equals a 50 Goldback. Contains 1/1000 th Troy oz of .9999 pure gold. In each note is 1/200 troy oz of gold and they are welcomed at many establishments all over Utah. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. The United Precious Metals Association (UPMA) was established in response to the passage of the Utah Specie Legal Tender Act in early 2011. Each state's businesses decide whether or not to accept goldbacks as a form of payment. Goldbacks come in a variety of sizes . Description. . Unlike the Federal Reserve's decreasingly valuable paper notes, the goldbacks contain within . One Goldback: $3.85. The goldbacks are flexible bills, and are self-backed by gold. In Utah, Goldbacks were made possible by the Utah Legal Tender Act of 2011 and other, similar legislation from other states to be used as legal tender in the state. People who want to save money for the long term, or even for emergencies, can put away a few Goldbacks for spending secure . There are many projects in the works. Goldbacks, on the other hand, are interchangeable. Where Are Goldbacks Accepted? Jeremy Cordon. The Utah Goldback is a form of circulating precious metal voluntary local currency only accepted in the state of Utah by certain businesses. This kind of extremely small fractional denomination is hard to find in the bullion industry, and many investors with limited capital could benefit from these small denominations. $ 17,995.00. This Nevada Goldback collection furthers the expansion of the Goldback notes that debuted in 2019. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and . I've personally spent them in 6 different states. The Goldbacks exist because of the utility of KS. Nevada was released in 2020, and New Hampshire was released in 2021. Add to wishlist. Posted: 7-Dec-2021, 08:53 am. The 10 denomination is pressed using 1/100th ounce of pure gold. This kind of extremely small fractional denomination is hard to find in the bullion industry, and many investors with limited capital could benefit from these small denominations. Each state's businesses decide whether or not to accept goldbacks as a form of payment. Quick View. Other features of the lovely designs include trees and animals that are indigenous to the state. On December 6, 2021, a Wyoming variation was confirmed with a sneak peek of the 10 . The Nevada and New Hampshire ones are coming out this year as well. The Utah GoldBacks were approved for use by the Utah State legislature. One of the factors to be considered when buying goldbacks is the budget because people have different affordability levels and they should go for what their pockets can pay. Unlike gold bars or large gold coins, these gold notes have easy-to-use increments from 1/20 oz down to 1/1000 oz of . Specifications. Once introduced in a particular state, Goldbacks for that state will continue to be produced, according to market demand. Members benefit from 0% buy/sell spreads and low . South Dakota was chosen as the fifth State to have their own Goldback! In fact, each bill contains a specific amount of gold. The price of one Goldback is currently $3.47. A growing number of small businesses across Utah are now accepting what are called "goldbacks" - a local currency that's been gaining attention during the pandemic. On one hand Nevada is the #1. producer of gold in the United States but on the other there doesn't seem to be an obvious law in Nevada . One goldback is equal to 1/1000th of an ounce of gold. ALPINE, Utah - A new local currency is gaining traction in the age of COVID-19. Right now, 1 New Hampshire Goldback Gold Notes are available to purchase online from JM Bullion. Goldbacks are the most technologically advanced form of physical gold payment in the world. R. About 90% of the sales of Goldbacks are outside of Utah. and it is believed that Goldbacks are accepted as high as 50% of small business owners in some states. The Goldback is designed to be a local currency within certain regions where a series exists, that being Utah, Nevada, New Hampshire and soon to be Wyoming. In 2011, the Utah Legal Tender Act was passed, recognizing gold as currency. Utah was the first state that Goldbacks were created for, which was made possible by the Utah Legal Tender Act of 2011 and became the first state to accept Goldbacks as legal tender, followed by Nevada, New Hampshire, and soon, Wyoming. Find many great new & used options and get the best deals for THREE $10.00 GOLDBACKS, NEVADA, UTAH and NEW HAMPHSHIRE (1/100 TROY Oz GOLD) at the best online prices at eBay! Produced by private mints in the aftermath of the state of Utah passing the Utah Legal Tender Act of 2011, the Utah Goldbacks are accepted as local currency by those vendors within the state of Utah that volunteer to accept it as a valid form of payment. They have to be different sizes because of how much gold is in the 50. Add to cart. In Utah, where the first state Goldback was introduced in late 2019, about half of small merchants who normally accept cash, also accept Utah Goldbacks. For purchases totaling over $5,000 USD or for shipping outside the United States, please contact me via telephone (text or voice) or email, above. In the case of the all-new New Hampshire Goldbacks, the notes are acceptable voluntary currency within the Granite State. As we jump into the holiday shopping season a growing number of small businesses across the state now accept what are called "goldbacks." "I think we usually call it a complementary currency . Goldbacks can be purchased at Dakota Coin in Rapid City by locals. The common sense assumption from this would be what you assume, that gold would now be accepted by the state government and banks at spot in payment for . The Utah Goldbacks are made with very high-quality photographs and text in full color. Each state's businesses decide whether or not to accept goldbacks as a form of payment. Some tax it like any other commodity, while others eliminate sales taxes on gold and silver bullion above a certain threshold, such as $1,000. Goldbacks come in a variety of sizes . Seller does not accept returns: Refer to eBay Return policy - eBay Return policy . The Goldback may be the world's only circulating interchangeable gold money. Their One Goldback bill contains one thousandth of an ounce of pure gold. From June 1st to September 30th of 2019 some of our staff conducted an experiment. Utah Goldbacks. the Utah Goldbacks are privately-issued local barter notes that Utahans can actually use in conjunction with any vendor willing to accept physical gold. The notes came with "values" of 1, 5, 10, 25, and 50 Utah, and each one was spendable with any local business that agreed to accept the notes as a spendable form of gold. Goldbacks as a form of voluntary local currency were made possible by the Utah Legal Tender Act of 2011 and other, similar legislation from other states. 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