Goldbacks and Foil Notes
Goldbacks and Foil Notes
The Goldback is a gold product that can also serve as a voluntary, non-dollar, complementary currency. Goldbacks are created in various series (Utah, Nevada, New Hampshire). The Goldback is designed to be used as a complementary currency. There are...
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Quick Facts About Goldbacks and Foil Notes
The Goldback is a voluntary, complementary currency that is made with a small fractional denomination of physical gold.
Hundreds of businesses throughout more and more states are agreeing to accept this gold-backed alternative currency for payment for various goods and services.
Each goldback foil note is made from 24k gold that is sandwiched between layers of thin plastic. Each goldback is a legal local currency.
Backed by the Utah Precious Metals Association (UPMA), the Utah Goldback was the first to premier in 2020.
Nevada and New Hampshire joined the voluntary gold-backed currency shortly after.
Wyoming now joins as the fourth state to participate in the Goldback alternative currency.
The Goldback is a voluntary, complementary currency that is designed to be spendable, like cash, and can be exchanged at many locally owned businesses for goods and services.
Each bill is produced with fractional denominations of physical gold that is sandwiched between layers of thin transparent and durable plastic film.
Goldbacks are minted in five denominations, each with a distinct nominal face value and a fractional amount of 24k pure gold, giving each foil note its intrinsic value.
- $50 Goldbacks - Contains 0.05 troy ounces of pure gold.
- $25 Goldbacks - Contains 0.025 troy ounces of pure gold.
- $10 Goldbacks - Contains 0.01 troy ounces of pure gold.
- $5 Goldbacks - Contains 0.005 troy ounces of pure gold.
- $1 Goldbacks - Contains 0.001 troy ounces of pure gold.
