Goldbacks are a fascinating innovation
in the realm of currency and have garnered quite a bit of attention for their unique approach. Imagine holding a piece of history and value in your hands—each Goldback note is a blend of artistry, security, and real gold. It's like having a little treasure chest in your wallet!
Goldbacks are made by infusing 24-karat gold
into a durable polymer, ensuring that they not only look impressive but also stand the test of time. The gold content is meticulously measured, with each note containing 1/1000th of an ounce of gold. This precision ensures that the value of Goldbacks is transparent and reliable. Unlike traditional paper money, which can fluctuate in value due to various economic factors, Goldbacks have a stable intrinsic value based on their gold content.
One of the standout features of Goldbacks is their stunning designs.
Each note is a piece of art, featuring intricate illustrations that represent the cardinal virtues—courage, justice, wisdom, and temperance. These designs are not just beautiful; they also carry a deeper meaning and connection to the states they represent. For example, the Utah Goldbacks showcase local flora and fauna, making each note a tribute to the state's natural beauty and heritage. Holding a Goldback is like holding a mini gallery of exquisite artwork!
But Goldbacks are more than just a collector's item—
they're a functional currency too. Although not legal tender, they can be used in barter and trade, and a growing number of local businesses in states like Utah, Nevada, New Hampshire, Wyoming, South Dakota, and Florida accept them. This means you can use Goldbacks to pay for goods and services, adding an element of tangible value and trust to your transactions. Imagine paying for your morning coffee with a beautifully designed note that contains real gold. It's a conversation starter and a statement of value!
Goldbacks also promote a sense of community and local economy.
By using a currency that is accepted within a specific region, you're supporting local businesses and fostering a network of trust and reciprocity. It's a modern twist on the age-old concept of barter, bringing it into the 21st century with style and elegance. Their limited production and unique designs make them highly sought after by collectors. Each note tells a story and represents a piece of history. Whether you're an avid numismatist or just someone who appreciates beautiful things, Goldbacks are sure to capture your interest.
Goldbacks are a unique form of currency infused with 24-karat gold, designed for local trade.
They feature beautiful, state-specific designs and are not U.S. legal tender. While they come with a premium over the gold spot price (about 100% or more), their value extends beyond the gold content, offering artistic and collectible appeal. Each note is clearly marked to avoid legal issues.
I bought this Forida set of Goldbacks for this 👇
5 Florida Goldback
What a fascinating piece!
It embodies the virtue of “Audax” (Daring), represented by a privateer inspired by legendary figures like Anne Bonny and Charlotte de Berry. These daring women defied societal norms with their boldness during the Age of Sail.
Florida’s coastline was a hotspot for pirates and privateers in the 17th and 18th centuries, rich with tales of hidden treasures and legendary figures like Blackbeard. The artwork on the Five Goldback captures this adventurous spirit perfectly with stormy seas and fierce winds, symbolizing Florida’s resilience in the face of hurricanes.
You'll find tools like a compass, lantern, and piece of eight on the note, highlighting the courage, strategy, and faith required to navigate uncertain waters. From the pirate flag to the turbulent waves, the design celebrates the daring spirit of those who braved Florida’s storied maritime history. 🏴☠️🌊
It’s a stunning blend of art and history. 🚀✨💰 Still, it carries a premium over the gold spot price of over 100%.
https://www.apmex.com/product/308536/5-florida-goldback-aurum-gold-foil-note-24k
😍#ilikeitalot!😍
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I've already classified this as a new variant of Stackitus.
Stay tuned, the Stackitus Nurse is about to weigh in on this variant infection.
Always, in pirate !LUV 🤗🌺❤️☠️
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She's coming with All Guns Blazing !
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I love it, sis! Classifying goldbacks as a new variant of Stackitus is spot on. Can't wait to hear what the Stackitus Nurse has to say about this 'infection.' This is getting exciting!
Much !LUV always, sis🤗🌺❤️
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The design of these are so attractive. The detail is is just amazing compared to our standard currency. I was chatting with @thisismylife about their recent post and may start purchasing some in the near future.
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!LUVThank you, @coinjoe! I couldn't agree more. The design and detail really set these apart from standard currency.
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If the 5's are only double the Melt Value of Gold, I see them as a very good buy...
Hahaha... instead, you've gotta pay the 100%+ premiums!
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I like the way they look...I have no idea how much people are currently paying...
This is the first time I am stumbling on the concept of goldbacks, as I have never seen these in my life before.
Then you have learned something new!
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Ms. Saver @silversaver888
You Know The Pirate $5 is my Favorite !
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It is my favorite too of all the goldbacks!
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Those are beautiful @silversaver888 ! What I really like about them is the extent that they included local history into the art. It really was done amazingly well. They may not be a solid bar of gold, but they still have the gold.
On a side note, that video you shared of the guy extracting the gold from the Utah Gold Backs was really interesting. It looks fun to try and do, but I'd just burn my house down! lol
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Absolutely, @thebighigg! The intricate art and the inclusion of local history truly make these pieces stand out. They may not be a solid bar, but the craftsmanship and gold content are undeniably impressive.
That video I shared was fascinating! The process of extracting gold looks like quite the adventure, though I'm with you—I'd probably end up with a charred kitchen too! 😂
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And at a very low cost !😊A stunningly, beautiful way to stack functional amounts of Gold @silversaver888!😊…….
And the smaller the denomination, the higher the premium!Absolutely agree, @silvertop! These pieces are a stunningly beautiful way to accumulate functional amounts of gold.
(Price of Goldback/oz of gold)-Spot Price/Spot Price of Gold = Premium
[($30.23/.005) - $2,934.70]/$2,934.70 = 1.06 or
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👍😀
The gold backs are indeed. beautiful and valuable. For the collector, the artistry in each design is meticulous and done very well. From the monetary standpoint-it's gold! How could you go wrong-right?! The history behind each story it tells probably isn't taught in schools on some of them.
Simply lovely, sis! Thank you for sharing and have a lovely day! Much !LUV to you; hugs and kisses!🤗😘😍💕🌹 !LADY !PIMP !HOPE
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Absolutely, sis! The Goldbacks are an amazing blend of beauty and value. The detailed artistry in each design is spot on, and from a monetary perspective, it's gold – can't argue with that! The rich history behind each story makes it even more special, and you won't always find those stories in school textbooks.
Today is so so busy!!! But, that is just work! !LOL
Much !LUV to you, sis🤗😘😍
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🤗❤️😘😍❤️🌹 !INDEED !PIMP
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@elizabethbit, I sent you anI absolutely love the idea of the goldbacks. But I have issue with the premiums. I still buy them, but sparingly.
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!LUVSome here, @fat-elvis! All I have is this set and my previous purchase of one of each state!
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Those are pretty amazing! I'd love to have some of those. Most the goldbacks I see advertised around here lately all have Trump on them and I wouldn't touch those if they were a full ounce of gold!
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!LUVGoldbacks are indeed a unique and fascinating, @bozz! I can see why you'd be interested in them. It's a bummer that the ones you've come across lately don't align with your preferences. Keep an eye out though— there are surely some beautiful designs out there that you'll love. Stay gold!
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I'll definitely be looking a bit harder. I really like those Florida ones. The art is just amazing.
So far I only have 1 of the Utah gold backs but I have had my eye on these Florida gold backs since around the time they came out. I haven't picked any up yet but soon I will be looking to get at least the first 4 in the series. !LOL
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!PIZZAThat's great, @maddogmike! The Utah Goldbacks are quite unique, and it sounds like you have a good start with your collection. The Florida Goldbacks do have some intriguing designs, and getting the first four in the series sounds like a solid plan. They could definitely be a great addition to your collection. Beware of the premiums !LOL
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The 5 GB bill is my favourite too, it's stunning isn't it?
But can't lie, the rest of the Florida series is great too..
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!LADYI completely agree, @thisisylife! The 5 Goldback bill is indeed stunning. The intricate details and vibrant colors make it truly stand out. And you're right, the entire Florida series is impressive. Each bill has its own unique charm and artistic beauty. It's wonderful to see such attention to detail and creativity in these designs.
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Thanks for the tips!
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It's a nice thing. But I see you have them in foil. I think Goldbacks are prone to damage.
!HUG
It's a nice thing indeed! Just to clarify, they're not in foil, but in protective sleeves. Goldbacks can be delicate and prone to damage, so keeping them in protective sleeves helps preserve their beauty and integrity.
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Those gold bills are precious, those who have them in their hands are very lucky indeed.
Absolutely! Gold bills are truly precious, and those who have the privilege of holding them are indeed very fortunate. The artistry and value they represent make them extraordinary collectibles.
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That pirate one is very cool. I’m just not paying those premiums on that small amount of gold.
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!PIZZATotally get what you mean, @silverd510. The pirate design is definitely cool, but those premiums can be a bit much for the amount of gold you're getting. It's all about finding the right balance between the art and the investment value! And... I hear you. Finding that sweet spot between design appeal and value can be tricky. It's all about what resonates most with you in the end. Hopefully, you'll come across something that ticks both boxes perfectly!
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