Ep. FreedomFest 2019 demonstrated that there are plenty of buyers for the Goldbacks. July 24, 2019. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. Goldbacks come in a variety of sizes . In the case of the all-new New Hampshire Goldbacks, the notes are acceptable voluntary currency within the Granite State. 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 . Welcoming the Utah Goldback. Made in the United States of America. This Nevada Goldback is a legal currency! Since April, the team has been working on something truly revolutionary. In each note is 1/200 troy oz of gold and they are welcomed at many establishments all over Utah. If we keep the above ratios in mind, this means silver price should be around $100-$125 per ounce. 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. This innovation allows people to transact in small denominations of gold. The Valaurum Aurums seem to be progressing beyond a simple Overly expensive novelty item to something that is able to be used as currency. Utah Goldbacks. As a gold product, Goldback notes may serve as a currency or barter tool. Silver is not only used as a store of wealth, unlike gold, it has many important industrial applications. Multiple Goldbacks will ship in a single sleeve. 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 . I've personally spent them in 6 different states. and it is believed that Goldbacks are accepted as high as 50% of small business owners in some states. It makes sense to keep a portion of this hedge in Goldbacks. Still in its infancy though. . 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. On December 6, 2021, a Wyoming variation was confirmed with a sneak peek of the 10 . There are currently four different state variations of goldbacks in existence, consisting of New Hampshire, Utah, and Nevada goldbacks that are in circulation. You will get ten 1 Utah Goldbacks. This means a gain of 500%. I would think that as more states join, each goldback would be able to be used in any state. One goldback is equal to 1/1000th of an ounce of gold. The 1Gb, 5Gb, and 10Gb are smaller than dollar bills, and the 50Gb is larger. The Nevada and New Hampshire ones are coming out this year as well. The 10 denomination is pressed using 1/100th ounce of pure gold. the Utah Goldbacks are privately-issued local barter notes that Utahans can actually use in conjunction with any vendor willing to accept physical gold. Description. Best Sellers 1 . 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. Goldbacks can be purchased at Dakota Coin in Rapid City by locals. R. People who want to save money for the long term, or even for emergencies, can put away a few Goldbacks for spending secure . I don't see why not. The Utah Goldbacks are made with very high-quality photographs and text in full color. Description. But the Goldbacks were approved. Description. Utah allows the use of a new currency called gold backs that are made by Valaurum in every day transactions. One Goldback costs $2.50 as of July 24th, 2019. The Utah series was the first Goldback series available in 2019. 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. The uninformed party should have done some proper research. It was initially announced in Rapid City, South Dakota at the Freedomfest convention being held there. Goldbacks come in a variety of sizes . In 2011, the most senior . Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. One goldback is equal to 1/1000th of an ounce of gold. Goldbacks are the most technologically advanced form of physical gold payment in the world. 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. Their One Goldback bill contains one thousandth of an ounce of pure gold. There are many projects in the works. Nevada Goldbacks. 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. Goldbacks come in a variety of sizes . . Each order comes with 3 Goldbacks. Order Your Nevada Goldbacks Here. They discuss how this fits in with our changing monetary . Certain businesses voluntarily accept Goldbacks in the states of Nevada, Utah, and New Hampshire. TOTES. . They are honored as currency by a growing number of Utah companies. Goldbacks come in a variety of sizes . . . 5 Nevada Goldbacks 1/200 oz 24K Gold Foil Aurum Note . Unlike US paper barter asset, Goldbacks vary in size. Members benefit from 0% buy/sell spreads and low . In 2011, the Utah Legal Tender Act was passed, recognizing gold as currency. Each state's businesses decide whether or not to accept goldbacks as a form of payment. . The History of Goldbacks . This means a gain of 500%. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. But the Goldbacks were approved. The Goldback launched with the Utah series in 2019, followed by Nevada in 2020 and New Hampshire in 2021. Please note multiple notes come in one plastic sleeve. 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 Goldback® is the world's first physical, interchangeable, gold money, that is designed to accommodate even small transactions. Now, the new Nevada Goldbacks offer the same option to . Specifications. . Only 1s and 5s have been produced so far. The Nevada Goldbacks follow in the footsteps of the Utah Goldbacks, the latter being the first spendable form of . Goldbacks come in a variety of sizes . $ 3.57. Jeremy Cordon. Goldbacks have appreciated in price from $2.00 in 2019, to an average of $3.75 at the end of 2021. Yes, Goldbacks may have ~70% premium but they are also the cheapest 1/1000th of an ounce gold product in the world. Other features of the lovely designs include trees and animals that are indigenous to the state. Gold Notes 1 New Hampshire Goldback Currency 1/1000 oz $ 3.63. Fifty 1 Goldback equals a 50 Goldback. 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. BAY STATE RACEWAY - LOT OF (2) $10.00 HORSE RACING BETTING TICKET STUBS! It can also stand alone as a small denomination, low price point gold product. $ 35.76. . 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 . The Goldbacks exist because of the utility of KS. Goldbacks, on the other hand, are interchangeable. Sources: A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. 50+. . 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. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. 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. Quick View. Jeremy Cordon. Each state's businesses decide whether or not to accept goldbacks as a form of payment. The Goldback may be the world's only circulating interchangeable gold money. . I found out that this is a project, the Goldback Project, and any state can participate. Seller does not accept returns: Refer to eBay Return policy - eBay Return policy . with growing popularity as more States across the Country release their new Goldback issues. Not legal tender • Made in the United States • Expect up to 30 days for deliver. They can be spent anywhere because they are made of gold. The Goldbacks are made of small denominations of physical gold for the purpose of monetary exchange. Goldbacks were first introduced in Utah in late 2019. The Utah Goldback is a form of circulating precious metal voluntary local currency only accepted in the state of Utah by certain businesses. Quick View. . The first Goldback Notes produced as voluntary, local currency in the United States were the Utah Goldbacks. The Utah GoldBacks were approved for use by the Utah State legislature. Today, many small businesses in Utah accept Goldbacks, and now they are also valid in Nevada and New Hampshire. From June 1st to September 30th of 2019 some of our staff conducted an experiment. Also, the year on the Goldback may vary. 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! Utah Goldback 5000 Trading Pack. They're very cool to have and yes, they obviously do contain gold, so they're technically an investment. Multiple Goldbacks will ship in a single sleeve. Each state's businesses decide whether or not to accept goldbacks as a form of payment. Below is a list of US states that accept Gold and Silver as legal tender: WEST VIRGINIA. In addition to the functional value of the gold notes, which are accepted at a number of establishments in . Shipping is via USPS Insured Priority Mail, signature required upon receipt for larger shipments. $ 17,995.00. About 90% of the sales of Goldbacks are outside of Utah. Nevada was released in 2020, and New Hampshire was released in 2021. Goldbacks may be used anywhere people chose to accept gold. Goldbacks may be especially desireable as a currency in States where it is authorized as such. Each business was perceived as a locally owned small business (we didn't go to . 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! Add to cart. 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. 3 rd series of Goldbacks! 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. Although facing some pushback, the majority of the board accepted this new product. In fact, each bill contains a specific amount of 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. 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. (Average Exchange Rate) See "Exchange Rate" for more details. 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 … 185 - Goldbacks in Your Pocket with Benjamin Shaffer. There are many projects in the works. A 25Gb is almost the same dimensions as a US paper barter asset note. The mission of the United Precious Metals Association is to promote the use and circulation of sound money. It is not unusual to see a "We accept greenbacks" sign in various merchants and vendors throughout Utah. These Goldbacks contain 1/1000th oz of 24k gold and are protected by a coating of thin plastic. Specifications. A goldback is a non-dollar currency that is accepted as a form of payment in some locations within the United States. Their Ten Goldback contains ten thousandths, and so on. SKU: FKI-004706 Categories: Gold Notes, Best Sellers, Collections, Goldback Trading Packs, Goldbacks, Utah Goldbacks . Shipping FAQ. Each one of the goldbacks represents the first form of spendable gold bullion that could be used commercially in the United States. 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. The final concern had to do with the legal status of Goldbacks outside of the States with special laws. Some businesses in states outside of Utah are accepting goldbacks, so it looks like they will eventually be an actual currency anywhere. Although facing some pushback, the majority of the board accepted this new product. The only other product they accepted before the Goldback was the Minted 2015 American Silver Eagles, making this a daunting task. *Shipping prices are subject to change without notice Nevada Goldbacks come in 5 denominations, with five exquisite designs, each containing precise amounts of .999 fine 24k gold. This elimination of all state taxes on gold and silver is the most important practical aspect of Utah's action. Silver is not only used as a store of wealth, unlike gold, it has many important industrial applications. Over 500 businesses in Utah were contacted and asked if they would take gold as payment. $ 3.43. 50 UTAH Goldback 1/20 oz (0.05 oz) of .999 fine Gold x 20 Units. 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. One of the most intriguing gold note programs available at the moment is the Utah Goldback Series. There's a reason the Aurum's Goldbacks are so quickly becoming a staple of the collections of many bullion enthusiasts. Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. 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. They are not worth the the money you will pay. Each gold note series is actually spendable within the state identified in the issue and accepted by a range of different vendors. 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. The Goldback is a voluntary, local currency in Utah that is made from gold. ALPINE, Utah - A new local currency is gaining traction in the age of COVID-19. South Dakota was chosen as the fifth State to have their own Goldback! Finest Known offers the best selection of Goldbacks for sale including Utah Goldbacks, Nevada Goldbacks and more. 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. Contains 1/1000 th Troy oz of .9999 pure gold. 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. 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. In millimeters, their dimensions are: 65×118, 65×130, 65×142.5, 65×156, and 75×178.5. Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. We sell goldbacks in 1, 5, 10, 25, and 50 denominations. Right now, silver prices are around $18 per ounce. This Nevada Goldback collection furthers the expansion of the Goldback notes that debuted in 2019. Once introduced in a particular state, Goldbacks for that state will continue to be produced, according to market demand. The Utah GoldBacks are not a scam. 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. Each state's Goldbacks carry imagery unique to the culture and history of its state of issue. The United Precious Metals Association (UPMA) was established in response to the passage of the Utah Specie Legal Tender Act in early 2011. 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. While these are not widely accepted as currency everywhere and are not recognized by the United States government, Goldback Notes were originally created with . 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 . 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. 1 in stock. 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. Additionally, there has been a rising star in the agorist currency space commonly known as goldbacks. Each state's businesses decide whether or not to accept goldbacks as a form of payment. Certain businesses voluntarily accept Goldbacks in the states of Nevada and New Hampshire. Add to wishlist. Each goldback is made from .999 pure gold paint applied to a plastic film to form a goldback note. 1+. There are five denominations, the single, five, ten, twenty-five, and fifty. To see participating business in the state of Utah, visit the Goldback website here. 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. July 24, 2019. The 10 Nevada Goldback Aurum Gold Note is one of five denominations of the Nevada Goldback series by Aurum. 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. Please note multiple notes come in one plastic sleeve.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 . They have to be different sizes because of how much gold is in the 50. These beautiful Goldbacks feature designs of the Virtues …. Goldbacks may be used anywhere people chose to accept gold. Use these for gifts, collectibles, or to trade for goods! We sell goldbacks in 1, 5, 10, 25, and 50 denominations. The 50 states have widely varying laws on the taxation of gold and silver bullion. High Rising Gold Price. The only other product they accepted before the Goldback was the Minted 2015 American Silver Eagles, making this a daunting task. Right now, 1 New Hampshire Goldback Gold Notes are available to purchase online from JM Bullion. For comparison, all US paper barter asset is 66×156. Add to cart. Goldbacks was launched in Utah with the vision of re-introducing gold as a form of daily spending in normal commerce. Right now, silver prices are around $18 per ounce. These beautiful Goldbacks feature designs of the Virtues as women wearing clothing popular in different time periods in the state. One Goldback: $3.85. Nevada is the second state of issue, in 2020. "Truth is Treason in the Empire of Lies". FreedomFest 2019 demonstrated that there are plenty of buyers for the Goldbacks. Nevada was released in 2020, and New Hampshire was released in 2021. by Alex Newman July 15, 2015. The Goldbacks are developing a remarkable base of businesses that are willing to accept Goldbacks as a form of payment. The price of one Goldback is currently $3.47. 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. 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. 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 . We expect similar results in Nevada and in other states going forward. Using the same exchange rate, if you order 500 Goldbacks face value your total shipping cost would be approximately $22.90. Note Highlights: Arrives in a currency sleeve! This last point is still confusing for many people. Where Are Goldbacks Accepted? While these are not widely accepted as currency everywhere and are not recognized by the United States government, Goldback Notes were originally created with . $ 34.38. As we jump into the holiday shopping season a growing number of small businesses across the state . Nevertheless, since states and commonwealths are sovereign powers, the SC can normally be circumvented by Kay Structuring. 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. Add to wishlist. The GoldBacks are more expensive than an actual gold coin. It couldn't be smaller. Utah Goldbacks. There are two other important things to consider if stacking Goldbacks. Even if that's all you can afford, buy gold grams or even silver before these gimmicks. Case in point, ten 1/10th ounce American Eagles do not equal one 1-ounce American Eagle. Nevada was an interesting second State to choose. However, the premium is way too high for me to consider it a "good" investment. Shipping FAQ. We don't expect this Goldback series to be completed until the second half of 2022. 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. The Utah series was the first Goldback series available in 2019. This example of a 5 Utah Goldback is created from Aurum.
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